Tuesday 4 January 2022

Growth rate for commercial licences reaches 41% in Ajman during 2021

Posted by Zaishan at 23:01 Ajman Business

Ajman: The DED has recorded a growth in issuing trade licenses in the emirate and the growth rate of no. of economic licences issued by the ...

Ajman: The DED has recorded a growth in issuing trade licenses in the emirate and the growth rate of no. of economic licences issued by the Department of Economic Development in Ajman (Ajman DED) during the year 2021 reached 41%, while the total number of establishments in the emirate reached 27,913, and the Labour Resilience Index arrived at 17%.

The efforts and initiatives started by the Ajman DED during the 2021 year have shown results and made a high growth rate of the Taziz Programme to about 238%. The department continues its efforts to support the industrial sector, attract investments, promote industrial products, and encourage owners of medium and small projects while opening new horizons for entrepreneurship.

In this regard, Abdulla Ahmed Al Hemrani Alshamsi, Director-General of Ajman DED, said, "The department has made unremitting efforts during the current year to develop the economic and industrial sectors to push the wheel of comprehensive development through many initiatives," pointing to the department's efforts in developing digital services and achieving a percentage of 88 percent on the Customer Satisfaction Index regarding the services provided through the website. The change rate for all services was 100 percent, which contributed to saving time and effort for investors in addition to providing distinguished services to them.

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Al Hemrani added that the Ajman DED supports the industrial sector, where factories in the emirate reached 1,047. The industrial sector constitutes 20 percent of the emirate’s GDP. The department has provided many initiatives that support exporters in the emirate, including Logistics Passport Services, which benefitted 105 beneficiaries.

A cooperation agreement was also concluded with Abu Dhabi regarding exports to support exporting, where the number of beneficiaries reached 16 entities.

He stated that the department signed 54 agreements during the current year, and the percentage of partners' satisfaction reached 85 percent, while the department's satisfaction rate with the partners was 81 percent. The partnership effectiveness rate was 98 percent, while the total transactions resulting from partnerships amounted to 174,671 transactions.

Al Hemrani stressed that the department spared no effort in fully supporting investors and owners of SMEs, through several initiatives, including events and exhibitions, among which was the participation in the Fifty Exhibition, an initiative in Ajman that promotes owners of SMEs, where 45 beneficiaries have benefitted from the initiative, and "The Best" initiative, which enhanced competitiveness among project owners to provide the best to customers.

He also noted that the department contributed to employing the unemployed with a rate of 8.5 percent through the Taziz Programme, which carried out 144 feasibility studies for various projects, seven percent of which were converted to existing projects that support the economic development.