Arab News, Wednesday, Aug 17, 2022 | Muharram 19, 1444
Dubai experiences 22% growth in commercial licencing business H1 2022
Saudi Arabia: The Department of
Planning and Development in Dubai, Trakhees, completed approximately 16,000
transactions through its Licencing Department during the first half of 2022,
Emirates News Agency reported.
This figure represents a 22 percent growth
increase over the same period last year.
Trakhees is the regulatory arm of the Ports,
Customs and Free Zone Corporation of Dubai.
Its Licencing Department provides corporate
licensing services to local and free zones, as well as government agencies, such
as the issuance of work permits, establishment cards, and no-objection
certificates.
Trakhees CEO Abdulla Belhoul explained that the
department experienced significant growth in all services supplied by the
Licencing Department in the commercial licensing sectors in its private
development areas.
Belhoul stated that Trakhees is eager to promote
economic growth and strengthen Dubai’s position as a leading sustainable hub to
support the global economic sector.
He also pointed out the eagerness of Trakhees to
realize Dubai Ruler Sheikh Mohammed bin Rashid Al Maktoum’s vision of supporting
the economy and elevating Dubai’s position as a preferred global investment
destination.
Furthermore, Trakhees seeks to enhance its
services in order to keep up with the aspirations of the UAE’s business leaders
and investors.
“To reassure the support of the Department of
Planning and Development — Trakhees towards providing the required services for
projects and small and medium enterprises according to the highest standards,
the department received 1,029 transactions to reserve a new trade name, at the
level of local and free zone licences, during the first half of 2022 in private
development areas that fall under the supervision of the Ports, Customs and Free
Zone Corporation,” Belhoul added.
According to official statistics released by the
Licencing Department, demand for local licensing services by customers increased
to 7,067 transactions in the first half of this year.
The local license renewal service ranked first
with 3,426 transactions, followed by local license amendments with 1,063
transactions.
Booking a new trade name resulted in 951
transactions, followed by 627 transactions for new local licenses.
Respectively, International City ranked first with
203 local licensing transactions, followed by Jumeirah Village Circle in second
place, Palm Jumeirah, Dragon Market, and finally Palm Deira.
The statistics showed an increase in the number of
government services transactions during the first half of 2022. This was
accompanied by an increase in the number of work permits issued by the
department, reaching 3,440 approved in Dubai, followed by 1,270 transactions
related to permit renewal.
Regarding free zone license, the license renewal
service was the most requested service, with 527 transactions from January to
June 2022 . This was followed by 185 commercial permits and 78 transactions for
reserving a trade name under the category of free zone licenses.
According to Belhoul, Trakhees seeks to facilitate
requesting and obtaining various commercial licenses by implementing a package
of procedures and improvements in its unified electronic system for issuing
commercial licenses.
Additionally, the department aims to adopt a
culture of excellence in performance to ensure customer satisfaction by
shortening the time it takes to obtain these services.