Ras Al Khaimah:The Ras Al Khaimah Department of Economic Development (RAK-DED) has reported a significant increase in new economic licensing activity for the third quarter of 2026. The department recorded a 33.5% rise in the number of newly issued licences compared to the second quarter of the same year, indicating a boost in business establishment activities and enhanced economic activity across the emirate.
According to Wam, RAK-DED's performance is part of an ongoing initiative to improve the business environment and facilitate economic activities, aiming to support business growth and expand opportunities for investors and entrepreneurs. This development is observed amid the emirate's diverse economic sectors attracting commercial, professional, and industrial activities.
The third-quarter report also noted a 15.9% decrease in the number of cancelled licences compared to the preceding period, which contributed to an improvement in net licensing activity. By the end of September 2026, the total number of active economic licences reached 22,447, marking a year-on-year growth of 4.1%. Additionally, the registered capital linked to active licences increased to approximately AED11.96 billion, showing an annual growth of 12%, which reflects the expansion of the registered economic activity base in Ras Al Khaimah.
RAK-DED continues to enhance the business environment and boost the emirate's appeal as a hub for economic activities. By monitoring licensing performance indicators and analyzing market developments, the department aims to identify promising opportunities and develop economic initiatives that align with the needs of various sectors. These efforts contribute to the emirate's competitiveness and the sustainability of its economic growth.
