Dubai Economy records 83% growth in licenses


July 5, 2020 | By RetailME Bureau

The Dubai Economy has issued 1,947 licences issued during the first half of 2020 – from January to end of June, recording an increase of 83% compared to the same period last year. The DED Trader licence launched by the Business Registration & Licensing (BRL) sector in Dubai Economy (DED), enables start-ups in Dubai to conduct business activities online and across social networking accounts.

The total number of DED Trader licences issued in June has reached 577, an increase of 163% compared to June 2019, when 219 licences were issued. This reflects the growth witnessed by Dubai as a leading destination for e-commerce and a commercial hub for consumers in the Middle East region.

As such, the Dubai Economy launched the DED Trader licence to promote e-commerce and the competitiveness of Dubai’s economy, as well as to realise the vision of the government to drive digital transformation and build awareness about e-platforms that facilitate commercial activities.

Dubai Economy focuses on providing support to DED Trader licence holders by signing partnerships with government and private sectors, providing facilities for their business growth as well as opening new channels by enhancing cooperation with major sales outlets. Through the DED Trader licence, Dubai Economy seeks to regulate and enhance ease of doing business electronically, find a platform that supports and develops trade as well as connect customers with traders.

 

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