Ras Al Khaimah’s Department of Economic Development had 17,868 active licenses by the end of March, according to a report by the DED’s Commercial Affairs Department.
The figure is 2.1 per cent up from 17,506 at the same time last year
According to the distribution of these licences by type of economic activity sector, the wholesale and retail trade sector obtained 38.4 per cent of the total number of valid licenses.
Business in Ras Al Khaimah
This was followed by the construction sector with 15.74 per cent, the manufacturing industries sector in third with 11.84 per cent, and the accommodation and food services sector in fourth. by roughly 10 per cent.
The number of new commercial licenses grew by 1 per cent in comparison to the same quarter last year, according to Amina Qahtan, Director of the Department of Commercial Affairs.
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