Abu Dhabi’s Business Activity Report for 2023, issued by the Abu Dhabi Department of Economic Development (ADDED), has reported annual growth of major indicators. The Business Activity Report for 2023 emphasises the business ecosystem’s attractiveness and its ability to attract quality investments, as well as businesses’ commitment to comply with local and international legislation, regulations, and standards of transparency and governance.
The report’s findings are supported by the emirate’s strong economic growth, especially within non-oil sectors, which contribute 52.8 per cent of Abu Dhabi’s GDP.
A total of 25,647 new economic licenses were issued in 2023, and 75,778 licenses were renewed, a growth of 3.5 per cent. Active licenses in the emirate increased to 143,617 licenses, a growth of 10.9 per cent compared to 2022, which demonstrates strong growth and confidence in Abu Dhabi’s business sector.
In 2023, Abu Dhabi witnessed growth in the professional,…