Malcolm Wall Morris, CEO, DMCC
DMCC has witnessed remarkable growth since its inception in mid 2002. Today, we have registered over 6,300 international and regional companies with over 55,000 people living and working in the Jumeirah Lakes Towers Free Zone. Our steady growth is testament to JLT Free Zone being the Free Zone of choice for businesses and residents alike.
DMCC has been instrumental in attracting multi-nationals, major regional industry participants as well as small/medium sized businesses and entrepreneurs who are establishing a presence in the region for the first time. In fact, 85% of the registrations in JLT Free Zone in 2010 were companies that were new to Dubai.
We remain committed to completing the JLT project and are still investing considerable amounts of effort and money into the free zone’s infrastructure. JLT is increasingly becoming a thriving community as more retail outlets and leisure facilities open each month and the landscaping takes shape across the estate. Today, the community consists of 64 completed towers.
Over the last couple of years, DMCC has witnessed strong growth in volumes and values of core commodities traded through Dubai, and we will continue to support our members with value-added services that will enhance the development of their businesses. At the same time we will look to launch more innovative commodity related financial products for investors interested in this important asset class.
We look forward to continuing to extend our support to our members and residents as they invest their future with us, and we look forward to welcoming new members in the months to come.