The incentives launched by the emirate, including the Ajman DED's incentives during the crisis, have contributed in helping the business community to overcome the repercussions of the crisis in various fields. After the slowdown in the growth rates of the movement of new licenses in the second quarter during the escalation of the pandemic, these rates jumped to record levels of about 48% during the second half of 2020. The activity of renewing licenses in the second half grew by 3.2% compared to the same period of the previous year.
The aforementioned positive numbers reflect the effectiveness of the incentives that were launched in overcoming the challenges left by the crisis, especially during the second quarter of 2020.