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 >> Government, Legal and Humanity

 
  Share

UAE, 5 September 2017- Only a week after rolling out its International Standard Industrial Classification System of All Economic Activities Revision 4 (ISIC4) system, the Department of Economic Development – Ajman (DED-Ajman) recently announced that a record 4 per cent of the total economic licenses issued in Ajman are already compatible with the international reference classification of the UN Secretariat's Department of Economic and Social Affairs. The positive results have further boosted the department's efforts to enhance its electronic communication with other local and federal entities and achieve government integration to streamline business procedures and attract bigger investments. Additionally, the DED-Ajman's ISIC4 forms part of its initiatives to help raise Ajman's competitiveness and systematically contribute to the emirate's economic diversification and sustainable development plans.

A report on the first week of the system's implementation shows that the number of applications to confirm the license compatibility with ISIC 4 reached 1,190 applications. About 959 of these are now in full compatibility with ISIC4, while a total of 231 are still being processed. The sizeable number of applications at the early stage of deployment reflects the public's high trust and confidence in the new system, which was developed to enable investors to accurately identify and facilitate more than 3,700 economic activities. This will fuel new value-added economic opportunities and enhance the performance of vital sectors that are fundamental to Ajman's overall sustainable development.

Abdulaziz bin Hamdan Al Nuaimi, Head of Economic Licenses, Department of Economic Development – Ajman (DED-Ajman), added that, as per the report of the department's customer service staff, there is no negative feedback on the system designed to classify various economic activities. This reflects local investors' satisfaction over ISIC4's facilitation of faster transactions and simpler licensing and registration procedures.

Al Nuaimi noted that the 4 per cent rate achieved during the first week of ISIC4's deployment is the latest addition to the department's numerous achievements, which represent its continuous efforts to develop action plans to improve the quality of its services and ensure customer satisfaction in line with best global practices.

Al Nuaimi said: “The successful launch of ISIC4 illustrates the system's pivotal role in accelerating transactions and streamlining licensing and registration procedures to increase the competitiveness of Ajman and the rest of the UAE. We are confident that this move will yield tangible and positive results, especially in simplifying procedures and attracting investments to boost Ajman's economic diversification policy and make it one of the most attractive destinations for local and regional investments.”

The DED-Ajman is one of the UAE's first government agencies to introduce the ISIC4 system, which aims to categorize economic activities with high accuracy; consolidate all socio-economic activities, indicators, and concepts; and facilitate data exchange among local institutions. The system significantly contributes to Ajman's capability to keep abreast of global developments; share international experiences; follow up on the latest global economic developments; and produce accurate reports for the department's partner organizations and companies.



Posted by : GoDubai Editorial Team
Viewed 3093 times
Posted on : Tuesday, September 5, 2017  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : Dubai Customs Nominated for 6 Awards in Ideas UK and Ideas America 2017
Next Story : Emirates Post Group celebrates Eid Al Adha with orphaned children
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
AIGNER Love
New Year, New Skincare!
Signature Scents for Your Home
Spring/Summer 18' Beauty Picks from Missha Cosmetics
Mido's Baroncelli Prisma - A sparkling play of prisms enhanced by 51 diamonds'
The Trésor Collection
5 Different Types of Denim and How to Wear Them
“12th Edition of SNF's Family Fun Fair”
Malabar Gold & Diamonds strengthens its global position as a leading jewellery r...
The Balmain de Balmain Moon Phase Collection - loves personalisation to the moon...
ESC's INDIASOFT to Bring Over 400 ICT Foreign Buyers To Bengaluru
Tommy Hilfiger Announces Fall 2017 Watches Collection
Seamaster Olympic Games Collection
EUROSTAR presents seven global tech majors at CABSAT 2018
Womenswear Preview and Showroom Connection: WHITE Man & Woman's Formula Bets on ...
Sophie's Café brings all the goodness to Barsha Neighbourhood
Defender Lives on: Land Rover Launches V8 Edition To Celebrate 70th Anniversary
Nissan reaffirms importance of electrification at World Future Energy Summit
Nissan and NASA extend research into autonomous mobility services
Dubai Tour team line-up announced: 16 teams of seven riders at the start
CG of India declared Champion at the 2nd Diplomat Cricket Cup by Skyline Univers...
Bioré's Baking Soda Range
LG to Launch UltraFine 5k Display Tailored for Mac Users
Dubai Outlet Mall celebrates DSF 2018 with amazing attractions for shoppers
HydroPeptide Launches Nimni Cream in UAE
His Highness Sheikh Hasher bin Maktoum bin Juma Al Maktoum Visits du's Stand on ...
LG Electronics Earns CES 2018 Best TV Product Honors for LG AI OLED TV
Dubai's Star Business Centre becomes the first commercial centre to accept crypt...
Bleu Blanc by David Myers announces its Friday Brunch and unique spa and dine Va...
HH Sheikh Hasher Bin Maktoum Al Maktoum opens CABSAT 2018
Ahlan Business Class Lounge by Dubai International Hotel wins Priority Pass Midd...
Masdar unveils locally manufactured all-electric Eco-Bus at Abu Dhabi Sustainab...
Masdar Institute and Cleanergy Partner in Research on Thermal Energy Storage for...
IRENA Commission to analyse how energy transformation driven by renewables will ...
ENEC CEO: Barakah will be the first nuclear energy plant in the Arab world, sett...
2018 ‘Camel Trek' of the UAE embarks from ‘Empty Quarter' in Abu Dhabi
IHG® partners with Global EVRT for ‘Electric Vehicle Road Trip Middle East 2018'
11th World Future Energy Summit Opens its Doors in Abu Dhabi
Major Business Deals Announced on Day Two of World Future Energy Summit in Abu Dhabi
Is this Abu Dhabi's Most Lavish Valentine's Day Deal?
Launching Scheme of Projects and Initiatives that Enforce Water and Electricity ...
Under the patronage of H. H. Sheikh Hamdan Bin Rashid Al Maktoum, 8th Emirates ...
Autonomous vehicle specialist NAVYA to realise expansion of Masdar City sustain...
Toyota and Lexus on a mission to drive decarbonized mobility at Abu Dhabi's Worl...
Pure Gold Jewellers Unveils Collection of Special Edition Diamond Pendants for V...
H.E Dr. Thani Alzeyoudi, Minister, Ministry of Climate Change and Environment, U...
Eighth General Assembly of International Renewable Energy Agency Kicks Off in Ab...
Emirates signs agreement for up to 36 additional A380s
Longlist, judges and dates announced for International Prize for Arabic Fiction 2018
Sheikh Mohamed Bin Zayed along with the President of Mauritania and the Crown Pr...