SEDD releases 2009s new and renewed licenses report

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•  4428 licenses issued and 45048 renewed, a growth rate of 3.8 % 

The percentage of new and renewed licenses issued by the Sharjah Economic Development Department (SEDD) in 2009 increased by 3.8% for new licenses and 10.2% for renewed licenses compared to growth rates recorded during the previous year, a report released by SEDD has revealed.
 
 

Statement	2009
New licenses	4428
Renewed licenses	45048
Total	49476
Growth Rate %	3.8%

Commenting on the report, H.E. Ali bin Salem Al Mahmoud, SEDD Director General, said: “Licenses issued in 2009 have amounted to a total of 49,476, of which 4,428 were newly issued while 45,048 were renewals. This has resulted in an impressive increase over 2008.”
 
According to the sector distribution of licenses, profession licenses issued by SEDD had the highest count, with 2,182 licenses and a growth rate of 49.3%, followed by 2,168 commercial licenses with a growth rate of 48.9%, and industrial licenses with 78 licenses and a growth rate of 1.8%. 
 
“This relative classification of licenses reflects Sharjah’s ability to cater to the needs of the economic sectors in the emirate and the completeness of the professional work in Sharjah, which aims to achieve a much required diversification in order to set up balanced economic sectors to establish a sustainable economy. Furthermore, industrial activity is en route to prepare a perfect setting that will ensure that industrial growth rates are achieved, values are added to Sharjah’s Gross Domestic Product (GDP), income sources are diversified and new productive work opportunities are created,” commented Al Mahmoud.
 
He continued: “The increase in the number of commercial licenses and investors' constant renewal of these licenses shed light on an economy that is able to interact with the private sector and stimulate an investment-attracting climate. This leads to the development of the economic sectors according to the directives of our wise leaders - to cater to the needs of investors and to enhance overall performance through a social and cultural capital which represents the true profit of total net investment.”
 
Information related to the geographic distribution of licenses issued indicated that licenses issued in Sharjah City amounted to 41,503 licenses (83.9%), topping Al Thaid (Middle Area), Khorfakkan, Daba Al Hasn and Kalba cities. Licenses in the Middle Area amounted to 3,176 (6.4%), licenses in Khorfakkan and Daba Al Hasn came to 2,705 (5.5%), while Kalba registered 2,092 licenses (4.2%).
 
                                                                                                                                             
 
The total amount of new licenses issued in Sharjah during 2009 amounted to 4,428, of which 3,708 were issued in Sharjah City (83.7% of total new licenses), 302 in Khorfakkan (6.8%), 228 (5.2%) in Middle Area and 190 (4.3%) in Kalba.
Also included in the report was a statement explaining the nature of commercial dealings regarding the issuing and renewal of commercial licenses on a monthly basis. The highest number of commercial dealings occurred in July 2009 with 5,635 transactions (9.7%), followed by 5,553 dealings in October 2009 (9.6%) and 5,115 (8.9%) in June 2009 .
 
  
Commercial licenses recorded the highest amount of dealings during said months, totaling 29,201, followed by professional licenses (26,605) and industrial licenses (1,719). These figures are believed to reflect the solid managerial planning and skillful interaction of the employees according to the highest performance standards in accomplishing their tasks, as all departments and divisions cooperate with one another to achieve the principle of customer superiority, public benefit and to create the perfect setting for investments.
 
In light of these outstanding statistics on the performance of new and renewed licenses in 2009, SEDD reiterated that its academic, monitoring, protective, promotional and strategic roles are put together to achieve customer superiority and competitiveness on the one hand, and to enhance the investment climate, on the other. In addition, the Gross Domestic Product (GDP) with diversified income sources and abundant payment balances, as well as absorption of the workforce and stabilized market situation, are vital aspects SEDD seeks to enhance in order to elevate the lifestyle of society.
 

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