RAS AL KHAIMAH, 12th May, 2023 (WAM) –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.