GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >> Banking and Investments

 
  Share

Ras Al Khaimah, UAE – 30/January/2018:   Ras Al Khaimah Chamber of Commerce and Industry has reported that 1,821 new establishments were registered during 2017. 247 of these were in the free trade zones and 119 were new branches of establishments based inside and outside the Emirate.

AS a result the total number of Ras Al Khaimah Chamber members rose to 33,652 by the end of last year, an increase of 6% over 2016. Some 19,680 licenses were renewed during 2017.

According to Dr. Ahmed Rashid Al Shemaili, Assistant General Manager, Commercial Services and Business Development at Ras Al Khaimah Chamber, memberships were spread through the Chamber's various membership grades which are classified by market capitalization.  Memberships of registered establishments were spread as follows: 2,965 establishments were registered in the special grade category, accounting for 8.8% of the total, while 1,351 (4%) were in the excellent grade. The first grade category included 3,646 establishments (10.8%), whereas the second class category was the largest category at 12,765 establishments (37.9%). A further 1,361 establishments (4%) were registered in the fourth grade. Looking at the legal classifications of the establishments registered with the Chamber, Al Shemaili said that sole proprietorships accounted for the largest number with 21,577 (64.12% of the total) licenses issued by the end of 2017. 7,887 (23.4%) licenses were issued for limited liability companies, 3,349 (9.95%) issued for local service agents, 310 for civil works companies, 307 for partnership companies, 64 for public shareholding companies, 63 for branches of foreign companies, 52 for limited partnership companies, 17 for private shareholding companies, 17 for government institutions, eight registered under ‘contract', and only one licence issued for a private shareholding company.   

Ms. Raja Mohammed Bin Jumaa, Head of Economic Studies at Ras Al Khaimah Chamber, said that the total number of establishments registered in all sectors exceeds the overall total number of registered establishments because many establishments are registered for more than one activity and under more than one sector.  She said that memberships are spread across 15 different sectors that are defined according to the International Standard Industrial Classification.

The trading and repairing services sector accounted for the largest share of registered establishments at 21,782 (or 43.9% of the total) at end of 2017. The construction sector ranked second with 9,491 establishments (19%), followed in third place by the manufacturing sector with 5,889 establishments (11.9%). The real estate, renting, and business services sector came fourth with 3,890 registered establishments (7.8%), followed by social and personal businesses with 2,900 (5.8%), the hotel and restaurant sector with 2,569 (5.2%), and the transport, storage, and communication sector with 1,960 establishments (4%). The remaining establishments are spread amongst a variety of other sectors, respectively health and social work, financial, education, electricity, water and gas, mining and quarrying, agriculture, fisheries, and extra territorial organizations & bodies.  She added that the registered establishments extended throughout Ras

Al Khaimah. Most are based in Al Nakheel area which accounts for 7,348 (21.8%), followed by Ras Al Khaimah with 4,666 (13.9%), and Al Jazirah Al Hamra totalling 2,331 (6.9%).  Al Qusaidat followed with 1,918 establishments (5.7%), then Julfar with 1,608, Meireidh with 1,598, Al Mamourah with 1,326, Al Rams with 1,253, Al Diqdaqah with 895, Al Kharan with 867, Dahan with 814, and Al Ghail with 763. The rest of the registered establishments were spread across other areas of Ras Al Khaimah including Al Dhait Aljanoobi, Shamal, Sha'am, Idhen, and other areas.

 



Posted by : GoDubai Editorial Team
Viewed 14860 times
Posted on : Tuesday, January 30, 2018  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : BCG Expands its Middle East Roster to Tackle the New Year and New Opportunities
Next Story : Mashreq posts a 6.5% y–o–y growth in Net Profit for 2017
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
Let It Glow
Filorga Launches FLASH-NUDE Collection
Let All Your Photos Be Merry & Bright
The Rado DiaMaster Petite Seconde Automatic COSC The Rado watch at the top of th...
HP ProBook x360 11 G3 and G4 Education Edition
Chrono 4 Grande Taille - an extra-special timepiece
Tips and Tricks to Wash the Perfect Whites
30 Years of Ryder Cup Heroes Confirmed for the 30th Edition of the Omega Dubai ...
PopSockets launches a new collection with crystals from Swarovski, the must-have...
Nike Dubai, the largest Nike store in the MENA region, opens its doors in the Du...
Maintain Healthy Skin Year Round
American Eagle Is the Go-to Destination for Gifting This Holiday Season'
Free gold coins at Malabar Gold & Diamonds Festival
MIDO Baroncelli Lady Day & Night collection
Akshay Kumar Stuns Audiences With Transformation Into Surprising Look for 2.0
GAZOO Racing Wins Australia Rally at FIA World Rally Championship
Golden Mile Galleria's ‘A Cultural Flair' attracts hundreds of art lovers to Pal...
Newby Teas Launches Advent Calendar For Christmas 2018
Tissot Chemin des Tourelles
The Interiors Gift Guide with Home and Soul
Growth and inclusivity drive Avaya's channel strategy for 2019
Time For Enchanting Moments
Etihad Museum displays the UAE flag using 3D lighting
Holiday Handbags | GUESS
BharatMatrimony launches office in Dubai targeting 2 Million Indians
HE Sheikh Nahayan Mabarak Al Nahayan, UAE Minister of Tolerance opens In-Vitro F...
Kartik Aaryan attends Danube bash
France Attractiveness Scoreboard 2018 Released
UAE Exchange celebrates UAE National Day in association with RTA
Ring in a dazzling festive season at Ibn Battuta Mall
International supervisory community meets to discuss challenges ahead for global...
UOWD's quality management expert wins ASQ-UAE Quality Professionals Award
Dubai's Most Magical Festive Market Opens at Dubai Festival City Mall
Chinese Manufacturing Companies to Highlight Trade Opportunities in Middle East
Global Knowledge Index 2018 and The Future of Knowledge: A Foresight Report shin...
Festive Gift Sets from Bubble T
UAE Carriers announce aircraft formation to celebrate 47th National Day and Year...
Five-Star Euro NCAP for Jaguar's Electric I-PACE
Dubai Customs wins 3 awards from Ideas UK 2018
Spinneys Dubai 92 Cycle Challenge | Road Closure Timings
Voting on UAE Superbrands 2019 Begins
FBMA and 47 Emirati women celebrate UAE National Day
Al Hosn Now Open to the Public
Get Ready for Party Season with Lottie's new make-up hits
Middle East economies are still dominated by oil sector development
New ACH145 Mercedes-Benz Style Cabin Model Highlights First Presence at MEBAA fo...
Green Hope's November Advocacy
National Hospital offering special UAE National Day Health Package for AED 47th
Michael Kors Collection Transeason 2019 Press Presentation
BMW Group sales increase in October