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DMCC Reaches New Heights

July 03 2014

DMCC REACHES NEW HEIGHTS WITH RECORD NUMBERS ACROSS ITS TRADE, FREE ZONE AND FINANCIAL SERVICES BUSINESSES

  • Innovation, new product lines and record numbers in commodity businesses
  • 30 per cent growth with 1,027 new companies in the first half of 2014, bringing total to almost 8,900
  • DMCC Tradeflow completes 900 transaction worth a total of over $200 million
  • ‘Burj 2020 District’ with the world’s tallest commercial tower, ‘Burj 2020’ underway

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DMCC, the largest free zone in the UAE and one of the world’s leading commodity hubs, today announced that it registered 1,027 member companies in the first six months of 2014, bringing the total number of companies operating at the DMCC Free Zone to over 8,865, a 30% increase compared to the same period in 2013.

Ahmed Bin Sulayem, Executive Chairman, DMCC, commented:

“DMCC continues to attract members at an unprecedented rate and we are proud of the ever increasing contribution to Dubai’s overall economy. By driving foreign direct investment we will ensure Dubai remains the regional and international trade and tourism hub.

“The strength of the leadership of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President, Prime Minister of the UAE and Ruler of Dubai is inspiring and we will continue to do everything we can to support His Highness in fulfilling his vision for Dubai supporting, in particular, the three pillars of ‘Smart Government’, the development of SMEs and helping Dubai to become the global centre for the Islamic Economy.”

Gautam Sashittal, Chief Executive Officer, DMCC, said:

“At DMCC we are passionate about creating a sustainable and optimal international environment for trade and enterprise. Everything we do has a longer term strategic view in order for DMCC to stay relevant now and in the future whether it is enhancing the customer experience, innovation, diversification of our business portfolio or strengthening trading ties internationally. We embrace change and thrive on strong international competition as this is what makes the organisation dynamic, driven and nimble in an exceedingly fast moving market”.

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