PHOTO
Photo used for illustrative purpose only. Aerial view of Ras al Khaimah over the mangroves and the creek in the United Arab Emirates at sunrise. Getty Images
RAS AL KHAIMAH – The RAK Department of Economic Development, had 17,868 active licenses by the end of Q1-2023, 2.1 % up from 17,506 at the same time last year, according to a report by the DED's Commercial Affairs Department.
According to the distribution of these licenses by type of economic activity sector, the wholesale and retail trade sector obtained 38.4% of the total number of valid licenses, followed by the construction sector with 15.74%, the manufacturing industries sector in third with 11.84%, and the accommodation and food services sector in fourth. by roughly 10%.
The number of new commercial licenses grew by 1% in comparison to the same quarter last year, according to Amina Qahtan, Director of the Department of Commercial Affairs.
