Hatta sees 17.2% increase in new businesses in five years

Dubai / Emirates Business

Hatta witnessed a 17.2% increase in the number of businesses during the 2012-2016 period and by the end of 2016 a total of 944 businesses were operating in the city, according to a report compiled by the Department of Economic Development (DED) in Dubai. Trading companies accounted for 76.8% – or 725 – of the businesses operating in the region while 22.4% were professional firms, says the report issued by the Business Registration & Licensing (BRL) sector in DED.
The report points towards improvement in overall competitiveness in Dubai and rising opp- ortunities for entrepreneurs and
investors looking to expand commercial, professional, industrial activity across the emirate. The report was compiled in line with launch
of a comprehensive plan by HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai to promote cultural, economic and social development in Hatta.
Abdul Aziz Bin Hathboor, Director of Customer Relations in BRL, said: “The Business Registration & Licensing team prepared the special report on Hatta to provide investors and businessmen an idea of the size and volume of business activity as well as the opportunities available in the city in addition to the services provided by the DED branch office in line with our commitment to enhancing ease of doing business.”
Bin Hathboor said Hatta has witnessed remarkable development over the past two decades, most notably in terms of the facilities and services provided to the residents of that region. “Continued investment in infrastructure along with the unique environment in Hatta that makes it a popular destination has opened up investment opportunities in several sectors, particularly in tourism, services, and trade as well as in construction, building materials and industries.”