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 15518 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
Michael Kors Unveils Spring 2019 Michael Kors Collection Ad Campaign
Flaunt your gravity-defying hairstyles to become the face of our brand
Linda Meredith Luxury Skincare Now at Coya Spa, Mirdif
City of gold celebrates the joy of new year with amazing wins this Dubai Shoppin...
Facial Peels – What Are They?
St. Valentine's Day
Sony Unveils Newest Products and Introduces Latest Efforts from Entertainment B...
Hask's Winter Care for Your Hair
Celebrate Valentine's Day with GUESS
New Lamborghini Huracán EVO: elevation of technologies for amplified drivin...
Start the Year with some TLC and enjoy the fantastic offers at The SPA at Steige...
Corum Heritage Eleganza- A luxury feminine piece
Trend Alert: Stay Timeless and Classy With a D1 Milano Timepiece
Morison Menon strategically integrates with Kreston International and rebrands ...
Rolls-Royce Motor Cars Achieves Historic Business Record
Tissot Chemin des Tourelles
Nokia 8 Sirocco blends premium craftsmanship and latest innovation with Android™...
Gharib Lands Al Shira'aa Double As One-Star Event Comes To A Close
LG Electronics' Promise of AI for an even Better Life Delivered at CES 2019 Keynote
Continental Commissions First Driverless Tyre Test Vehicle
Hankook 24 Hours of Dubai kicks off the 2019 season for Audi
19 reasons to fly with British Airways in 2019
Joyalukkas Shopper wins BMW Car in the ongoing DSF Mega Promotion
Malabar Gold DSF Winner Photo for Release - Babul Hussain
Celebrate the Month of Love with a Brighter Smile at The Smile Bar
HP Opens CES 2019 with Stunning Displays, PCs and Security Innovations
Malabar Gold & Diamonds opens a new showroom in Millennium Dubai Airport Hotel t...
Global Village presents Scheherazade, a timeless tale of intrigue and adventure
Eberhard & Co. Main Sponsor of Winter Marathon 2019
Longchamp Spring/summer 2019 Show
Turkish Airlines reached the 80.2% Load Factor in December 2018.
Samsung Smart TVs to Launch iTunes Movies & TV Shows and Support AirPlay 2 Begin...
Epson to participate at SGI 2019 for the 10th year highlighting high value solut...
Always take the front row with this 7.2” supersized smartphone screen
Third Edition of Al Shira'aa International Horse Show Concludes with Thrilling Finale
Bring out the Chef in your little ones at 800 Degrees Pizzeria
Shane Breen Wins Grand Prix Qualifier at Al Shira'aa International Horse Show fo...
Young Al Owais Ends Al Shira'aa One Star With Victory
Smart City Services at Silicon Park Reach Advanced Level of Completion
Dubai Festival City Mall's Festival Bay transformed with a new, larger-than-lif...
Introducing Burberry Bespoke Fragrances
Al Wahda Mall thrilled to announce launch of new outlets
UAE tap water is safe to drink – just keep storage tanks clean
Celebrate Valentine's Day With a Quintessential Timepiece From D1 Milano
Eberhard & Co. Gilda makes an extraordinary Valentine's Day gift
Cadillac announces Middle East arrival of the 2019 ATS model
Canadian University Dubai (CUD) launches degree program in Climate Change in par...
Union Coop Among the ‘Elite' Sponsors of The FAZZA Championships for People of D...
Always Breaks the Guinness World Record for a Cause
ADEK's Winter Activities Program in Abu Dhabi hailed a resounding success