98 new economic activities added to Dubai’s vital sectors in 2021: DET

The Business Registration and Licensing (BRL) sector at the Department of Economy and Tourism (DET), Dubai, has added 98 new economic activities across a number of vital sectors in 2021, bringing the total number of economic activities to more than 2,200.

This entails an increase of 88 per cent compared to 2020, with 52 new economic activities added.

The results follow periodic evaluation and survey of local market needs, supply and demand across all key economic sectors, as well as the BRL sector’s efforts to facilitate licences and enable entreprises to respond to market needs, which in turn will promote business development and healthy competition.

The new activities cover specialised business sectors in Dubai and include: Green Hydrogen Production, Artificial Intelligence Developing Services, Gaming Localisation Services, Industrial Consultancies, 3D Printing Building Construction Contracting, Space Consultancies, Plant Based Diary Manufacturing, Early Childhood Centre, Gaming Production Service Providers, Virtual Reality & Augmented Reality Provision & Development Services, Video Games Consoles Manufacturing, Storage Environments Temperature Verification Services, News Services via Websites, Coworking Spaces Operation, and Underwater Photography Services.

“Led by the vision of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, in driving economic growth, Dubai has succeeded in keeping pace with economic changes at local, regional and global levels and transforming challenges into opportunities. Dubai has expanded the horizons for business sectors to meet the needs of urban development, upgraded infrastructure, and enhanced legislative environment to establish the city as one of the leading investment, commercial and tourism centres in the world,” said Waleed Abdul Malik, Director of Business Registration in the BRL sector.

Abdul Malik added, “The vitality of Dubai’s economy is based on the solid foundations led by effective economic policies and strategies to drive economic diversification, especially in sectors such as transformative industries, tourism, air and maritime transport, commercial and real estate activities, services, and alternative energy. In addition, the openness of Dubai’s economy and partnership with many countries in the region and the world led to attracting global markets, enhanced the flow of investments, and stimulated the movement of tourism and foreign trade.” “One of the factors that placed Dubai at the forefront of technological advancement is its constant adoption of the latest and greatest in the digital world, and video games are a prime example. By adding new economic activities in the gaming sector, Dubai enjoys a fortified position as a leading country in the region when it comes to digital entertainment and eSports, which market is estimated at more than $170 billion, according to the latest statistics from the world of video games,” said Saeed Sharaf, Founder and CEO of eSports Middle East LLC.

Middle East Energy: The Mena region’s most reputable and comprehensive energy event, Middle East Energy (formerly Middle East Electricity), will be held at Dubai World Trade Centre (DWTC) from March.7-9 to address the future of the energy transition when it welcomes senior energy leaders, policymakers, and influencers to discuss the opportunities surrounding green hydrogen in the region.

According to a report by consultancy Roland Berger and Dii Desert Energy, an international public-private sector industry body, annual revenues for hydrogen production in the GCC could reach US$200 billion, which in turn could support upwards of one million jobs directly and indirectly connected to the green value chain by 2050. Furthermore, a study by Goldman Sachs revealed green hydrogen could meet 25 per cent of global energy requirements in the next 30 years.

An array of international hydrogen experts will convene at Middle East Energy to discuss the exciting prospects for the Mena region to emerge as a global clean hydrogen hub.

WAM