Indian Firms Create 854,000 Jobs In Dubai Till Date
Dubai has issued 64,360 business licences to 246,737 Indian businessmen till date, creating 854,234 jobs in the emirate, according to Dubai Economy figures released on Saturday.
Dubai Economy report said 315 business licences were issued to Indian investors in 1963 of which 108 are still operating in the commercial, professional and industrial categories.
Of the total active licences issued to Indian companies, commercial activities accounted for the largest share at 49,900 with 212,500 Indian investors, followed by professional activities with 13,037 licences, 1,404 Industrial licences, and 19 tourist licences.
India is one of the most prominent partners of Dubai and the UAE and the number of licences being issued by Dubai Economy shows that issued the emirate is a favourite destination for Indian investors and entrepreneurs, chiefly due to its strategic location and diversified economy.
«Dubai is one of the few cities in the world to have seen an exponential transformation in the last three decades. It has been responsible for some of the most prominent success stories in the world, not only because of its strategic location but also due to the long-term vision of the UAE leaders. As an Indian investor in this region, I have personally experienced great support from the government. With renewed UAE-India ties, and a favourable investment atmosphere, I see the interest of investors in Dubai not just sustaining but rapidly growing,» said Faizal Kottikollon, chairman, KEF Holdings.
According to Dubai Economy, Deira accounted for the largest share of Indian licences issued followed by Bur Dubai, and Hatta.
The year 2019 has witnessed strong interest from Indian businessmen, with 5,536 new business licences issued to 19,495 Indian investors, further reaffirming Dubai’s position as a financial and business centre in the region and the world.