Abu Dhabi business activity showcases growth in 2023, according to the Abu Dhabi’s ‘Business Activity Report’ for the year 2023, issued by the Abu Dhabi Department of Economic Development (ADDED). The report’s findings are supported by the Emirate’s strong economic growth, especially within non-oil sectors which contribute 52.8% of Abu Dhabi’s GDP. A total of 25,647 new economic licenses were issued last year (2023), and 75,778 licenses were renewed, a growth of 3.5%. Active licenses in the Emirate increased to 143,617 licenses, a growth of 10.9% compared to the year 2022, which demonstrates strong growth and confidence in Abu Dhabi’s business sector. The total capital of new economic licenses announced during the past year exceeded AED 210.7 billion.

Source: News Business Ethiopia January 30, 2024 13:50 UTC