UAE’s Economic Outlook: A Positive Trend in the Growth of Companies and Service Providers

During the first half of 2024, the total number of active licenses for companies in the United Arab Emirates increased by 12%, with a total of 896 thousand companies compared to about 800 thousand at the end of 2023. The growth was driven by various sectors including limited liability companies, which saw a 7.6% jump, reaching 269,100 companies. Sole proprietorships also experienced an increase of 3% to 234,060 active licenses. One-person companies experienced significant growth of 21%, reaching 120,326 companies. Additionally, local company branches, branches of companies from another emirate, and private joint-stock companies all saw increases in the number of licenses.

The data from the Ministry of Economy’s National Economic Registry demonstrates a positive trend in the growth of companies in the UAE. In other news, various service providers are highlighted for their innovative offerings and high-quality services. From proper home maintenance to stress reduction methods and creative activities for memory care, these companies offer valuable solutions for a range of needs.

Businesses in industries like roofing, pet grooming, content marketing, and technology are showcased for their expertise and commitment to serving their customers. In particular, senior care providers and biohack devices are highlighted for their innovative offerings that cater to specific needs.

Overall, the growth in company licenses and service providers highlights the positive economic outlook in the UAE as businesses continue to thrive and innovate.