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 11486 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
Mouawad Acquires The 51.38 Carat Dynasty Diamond From ALROSA
Panasonic's latest LUMIX DMC-TZ220 is the Ultimate Travel Companion
Introducing the GUESS Jeans Fall 2018 Collection
Cerruti 1881 MOLVENO timepiece and cufflinks
Build Your Perfect Skincare Routine with Essentials from Glambeaute.com
Kaya Skin Clinic's Expertise is pushing the Boundaries of Botox
Joyalukkas brings joy to hundreds around the world with summer gold bar giveaway
How to choose the right mascara
Tissot Chrono XL NBA Team Collection Sporty Gets Smart
Hour Choice presents Coach Astor Collection
Creating #futureclassic: Swatch Launches Skin Irony Collection
Head to Modhesh World for Summer Fun Before the School Run
Favourite florals: Bloom with our top floral picks from bebe
Carl F. Bucherer Presents Adamavi Collection
Delicious Whole Cakes at Sophie's Café from AED99
Nazih Introduces New Dr. Renaud Skincare Range
Business Wear by Hugo Boss
13 Emirati Authors Launched into the Portuguese Book Market
The new Rado HyperChrome Chronograph in bronze and high-tech ceramic
Never Run Out of Space for Those Joyful Summer Holiday Memories With Western Digital
Al-Futtaim Honda launches Next Change programme to reward loyal customers
Five Awesome Reasons to Visit LEGOLAND® Dubai During the Eid Al Adha Holiday
Back-to-School Shopping Made Easy with SOUQ.com
The Marriott International cyclist team completes 600km R2A cycle challenge
New Addition to the HUAWEI Nova 3 Series: On-trend and fashionable HUAWEI nova 3...
Calligraphy, etching and Palestinian embroidery: Learn it all at Tashkeel this S...
Spectacular live entertainment for the entire family at Majid Al Futtaim malls i...
Eid Gift Guide 2018
Big Android Breakthrough: Huawei's power packed GPU Turbo upgrade will turn you...
‘The Little Things' That Makes Summer All The More Enjoyable
XTouch Announces the Launch of the Robot Family Range of Rugged Mobile Phones
MEFMA reaffirms commitment to promote entrepreneurship & innovation across local...
Let your kids enjoy some dancing at James & Alex Dance Studios
du LaLiga HPC Top Talents Arrive in Spain for 21-day Annual Scouting Camp
Eberhard & Co. immortalizes a legend
Trend Alert! Clueless About Plaid? kate spade Found Fresh Ways to Showcase the G...
The 2nd Edition of the Phanes Group Solar Incubator set to kick off 7th August 2018
Hilton Launches New Platform Dedicated to Offering Guests Bespoke, Unforgettable...
OMEGA Showcases its Passion for Golf at the 2018 PGA Championship
Traditional Thali Indulgence at Antique Bazaar
Danube Properties' Dh550 million Lawnz project at International City, sold out i...
VIP Golf Austin Offers Golf Packages For the Avid Tourist
The Moon Collection From Lacoste
Dubai Judicial Institute collaborates with Union Coop to support the 7th Dubai J...
FREE DANCE WEEK is back at James & Alex Dance Studios
Celebrate India's Independence Day with Sparkles of India
Fitness in DXB to Launch ‘the Pursuit of Happiness' Evening for Yoga and Inspiration
Dubai Tourism Publishes ‘12 Steps Towards Sustainability' Manual to Guide Hotels...
Eyesight restored in a rare case of Optic Neuritis
The new Hamilton Khaki Field Mechanical