DMCC Free Zone awarded three accolades in fDi Magazine’s annual global Free Zone rankings:
DMCC, the authority on trade, enterprise and commodities in Dubai, has been named ‘Global Free Zone of the Year’ 2015 by The Financial Times fDi Magazine.
The annual global survey, considered the most prestigious Free Zone ranking in the world, is based on criteria such as outstanding performance year on year, growth and expansion plans, and presence of high growth industries. The DMCC Free Zone was hailed for its unrivalled digital and physical end-to-end services and infrastructure model which offer businesses everything they need to set up, whether a branch office or full operations, in one place.
Already a connected marketplace with over 11,000 member companies and a community of 85,000 workers and residents, the accolade reaffirms the DMCC Free Zone’s position as THE number one destination for global business and trade.
Ahmed Bin Sulayem, Executive Chairman, DMCC, said: “Receiving the fDi award for the Global Free Zone of the Year 2015 cements DMCC’s position as the global hub for trade, enterprise and commodities, and reaffirms Dubai’s success in enabling businesses to flourish like nowhere else in this world. This is a testament to the vision and leadership of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President, Prime Minister of the UAE and Ruler of Dubai.
For DMCC, this is just the beginning. Our determination to deliver the ideal marketplace for the world’s leading businesses drives continuous innovation in line with the entrepreneurial spirit of Dubai.
“We recognise that in order to sustain and grow the best Free Zone in the world we need to enable businesses to succeed by delivering the Emirate’s next generation of growth and a strong resilient future.”
DMCC has grown exponentially since its formation in 2002 and today counts more than 11,000 member companies from over 170 countries based in its Free Zone. DMCC is home to many of the world’s best-known corporations including; Alcatel Lucent Middle East and North Africa, American Express, Carrera Y Carrera, Colgate-Palmolive, Dyson, Eurofin, John West Foods, Lukoil, LVMH, Nutricia Danone, Oddfjell, Rio Tinto – Dimexon and TAG Worldwide.
Courtney Fingar, Editor-in-Chief, fDi Magazine said: "The DMCC Free Zone has established itself as the most proactive, dynamic Free Zone in the UAE, broader region and now indeed the world. Through its rapid growth, superb facilities, and attractive incentives and services for investors, the Free Zone is positioning itself as a go-to place for companies seeking a platform for doing business in the Middle East and beyond.
“In fDi's Global Free Zones of the Year awards, DMCC Free Zone stood out from the crowd, climbing the rankings across all categories and capturing even more prestigious awards than last year when we crowned it the Best Free Zone for SMEs. We now consider DMCC Free Zone the best in the world, across the board. We applaud DMCC on this success and look forward to tracking its future growth.”
Gautam Sashittal, Chief Executive Officer, DMCC, said: “It is especially pleasing to see that DMCC has been recognised for its innovation, efficiency and focus on serving the needs of our member companies. These have been areas of focus in recent years and are key to DMCC’s strategy for future success.
“We continue to enjoy a very strong pipeline of businesses registering to become members, predominantly from abroad, as well as strong growth in employee numbers at companies already licenced. We are responding to this by continuing to introduce new products and services to meet the needs of this growing community. I would like to take this opportunity to thank our members for their commitment and look forward to supporting their growth over the coming years.”