This month, I want to talk about co-working, incubation and acceleration spaces. They are cropping up all over the world and for a good reason. We are social beings and collaboration is a great way to bounce ideas and raise energy levels. It’s not just about playing pool and drinking coffee; co-working spaces are designed to generate conversation, most of them run member knowledge events, and many support businesses to grow through mentoring, test labs and connections. I’m happy to report great progress in DMCC.
Firstly, DMCC’s flagship business accelerator, AstroLabs, has just opened a new branch in Riyadh, Saudi Arabia; and the team at AstroLabs are ready to support DMCC companies that want to expand into the Saudi market. AstroLabs is the first foreign business incubator licensed to facilitate 100% foreign-ownership of innovative companies seeking to expand to the Kingdom. DMCC member company and AstroLabs Dubai Alum Augustus DMCC was the very first company licensed through this new platform. Here's what they had to say about the experience.
There will be an upcoming DMCC Knowledge Series event on doing business in Saudi Arabia on 18 November, where AstroLabs founders Muhammed Mekki and Louis Lebbos will share their insights, and talk about the work they’ve done with the Saudi government to make business setup easy. Read more about it here.
Secondly, opening in October, located in One JLT, nook will offer support to health and fitness entrepreneurs to set up business in DMCC. We are delighted to be working with CEO Ravi Bhusari’s stellar team who made Duplays a household name in Dubai. This concept is completely unique in Dubai and set to be a huge success.
Thirdly, we have also been working with DMCC’s 13 business centres, to support them to offer more collaborative style spaces. We’re happy to report that both One Business Centre (One JLT) and ServCorp (Almas Tower) have hit the ground running with superb offerings. We are confident that other centres will soon follow suit. Our full list of business centres can be found here.
And finally, DMCCs own co-working space in Almas Tower is coming soon. The space will offer a terrific café environment with incredible views over the Dubai Marina. Details will follow soon.
At DMCC, it has always been our goal to provide our members with the kind of property solutions that meet their needs at every stage of a business’ lifecycle. We continue to commit to that vision.
With that in mind, please do not hesitate to reach out to us with your ideas and feedback. We are listening.