The Minister of Human Resources and Emiratisation, Nasser bin Thani Al Hamli, announced a 50% increase in the number of new establishments that opened a registry with the Ministry during the first four months of this year, compared to the same period in 2019.
He said that during the comparison period, the number of establishments increased from 17,701 in 2019 to 26,609 in 2021, with expectations of an increase in the number of new establishments at the end of this year to 65,000, in a clear indication of the continuous growth of labor market indicators and the business cycle. in the state.
Al Hamli stressed that the continuous growth in the labor market and economic activities is supported by the package of incentives launched by the federal and local governments during the past months, which contributed in total to increasing the attractiveness of the labor market and the business environment in the UAE. Al Hamli added: “The state has maintained its position as one of the most important labor markets and centers for attracting entrepreneurs and investors in the Middle East and the world, benefiting from a wide range of decisions and measures adopted by the UAE government during the last period, with the aim of providing the necessary support for the labor market and facilitating business practice. Through continuous coordination between the departments and concerned authorities at the federal and local levels, as well as providing a wide range of financial and administrative support packages, to reduce the effects of the emerging coronavirus (Covid-19) on the labor market in the country.