The report issued by the Department of Economic Development in Ajman (Ajman DED) recorded a significant growth in business activity during the first half of 2024, where the license growth rate reached 15% compared to the first half of 2023, amounting to 37,755 active licenses. The increase in these indicators confirms the sustainability and vitality of the business sector in the Emirate.
The report also indicated a 5% growth in the issuance of licenses, with a total of 3,000 new licenses issued during the first half. The percentage of issuance of new industrial and commercial licenses increased by 14%. The top new licensed activities issued by the Department were: the sale of ready-made women's clothing, building maintenance, and restaurants.
The report also showed that more than 15,000 licenses were renewed, with a growth rate of 9%. Industrial licenses led the renewal activity with a rate of 10%, followed by professional and commercial licenses at 9% compared to the same period last year. Additionally, more than 34,000 commercial permits were issued during that period.
On this occasion, H.E. Abdullah Ahmed Al Hamrani, Director General of the Ajman DED stated: "These figures reflect the remarkable improvement in the business environment in the Emirate of Ajman, which enhances its position as a preferred investment destination for both local and international investors. These results embody the Emirate's efforts to facilitate business operations and streamline administrative and legislative procedures."
Al Hamrani added, "We are committed to continuing to support and enhance the business environment in the Emirate of Ajman, and to providing promising opportunities for investors and entrepreneurs, to achieving sustainable economic development and reaching new levels of economic prosperity."