Dubai adds 98 new economic activities to vital sectors in 2021 – News

Move follows assessment and investigation of market needs and investor concerns



Published: Thu 3 Feb 2022, 12:59

Last update: Thu 3 Feb 2022, 13:00

Dubai added 98 new economic activities to the vital sector last year, bringing the total number of economic activities to more than 2,200. This is an 88% increase from 2020, when 52 new economic activities had been added.

In a statement released on Thursday, the Business Registration and Licensing (BRL) sector of the Ministry of Economy and Tourism (DET), the new activities cover specialized business sectors in Dubai and include hydrogen production green, artificial intelligence development services, game localization services, industrial consultants, 3D printing building construction contracts, space consultants, factory agenda manufacturing, childcare center and service providers game production.

Services for the provision and development of virtual reality and augmented reality, the manufacture of video game consoles, services for checking the temperature of storage environments, information services via websites, the operation of coworking spaces and underwater photography services were also introduced last year.

Waleed Abdul Malik, director of business registration in the BRL sector, said that Dubai has broadened the horizons of business sectors to meet the needs of urban development, upgrading of infrastructure and improving the legislative environment to make of the city one of the main investment, commercial and tourist poles of the world.

“Guided by the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the United Arab Emirates and Ruler of Dubai, for economic growth, Dubai has managed to keep pace with economic changes at local levels, regional and global. and turn challenges into opportunities,” he said.

Abdul Malik said the vitality of Dubai’s economy rests on a solid foundation led by effective economic policies and strategies to drive economic diversification, particularly in sectors such as processing industries, tourism, air transport and shipping, commercial and real estate activities, services and alternative energy.

Furthermore, he said Dubai’s open economy and partnership with many countries in the region and around the world have helped attract global markets, improve the flow of investment and boost trade. movement of tourism and foreign trade.

Saeed Sharaf, Founder and CEO of eSports Middle East, said one of the factors that has put Dubai at the forefront of technological advancement is its consistent adoption of the latest and greatest technologies in the digital world, and video games are a great example.

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“By adding new economic activities in the gaming sector, Dubai benefits from an enhanced position as the region’s leading country in digital entertainment and eSports, with a market estimated at over $170 billion. , according to the latest statistics from the world of video games,” he said.

The BRL sector has stressed the importance of communicating with entrepreneurs and investors to develop economic and governmental performance in order to establish Dubai as a model at all levels. The team focuses on facilitating business licensing procedures and developing services guided by its positive impact in promoting the growth of the private sector, a key contributor to the economy.

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