DMCC draws in 2,025 companies to Dubai in 5 several years

This was the business enterprise hub’s major at any time professional provide, featuring a huge selection of incentives and benefit extra expert services to both equally existing and new providers in the Free Zone.

Supporting its member businesses in the neighborhood, far more than 8,000 member firms availed in excess of 13,000 offers and incentives granted all through 2020.

Commenting on the achievement, Ahmed bin Sulayem, Government Chairman and Chief Govt Officer of DMCC, reported, “Despite the plenty of problems at our doorstep, the UAE’s visionary leadership and prompt and decisive actions meant that our financial system remained resilient through. DMCC’s powerful overall performance, which noticed 2025 organizations set up in our Cost-free Zone in the course of a global disaster, is a apparent indication that the UAE and Dubai remain the chosen location to do company. We know that 2021 will not be without the need of its obstacles, but we are optimistic about our advancement trajectory and our ongoing potential to appeal to overseas direct investment decision to the Emirate.”

The report-breaking variety of new organization registrations is also the outcome of considerable enhancements to DMCC’s shopper services, its simplified and thoroughly digitalised established up processes and less complicated onboarding. By giving shoppers a seamless, digital enterprise established-up encounter, and substantial focus on electronic marketing, the Totally free Zone has seen a lot more than a 50 p.c drop in wander-ins and bodily visits, with present and new members preferring to conduct their transactions online.

Also, 95 percent of new businesses in the Totally free Zone start out their journey with DMCC digitally.

In mild of world wide journey constraints, DMCC hosted 19 virtual sessions in vital marketplaces together with China, Israel, Russia, Switzerland, Germany, Angola, South America, Spain, Turkey, Ukraine and the United kingdom. All through these digital roadshows, attendees had been familiarised with the positive aspects and chances of placing up in Dubai and DMCC’s exceptional and thriving company ecosystem.

DMCC’s Govt Chairman and Chief Govt Officer also hosted a sequence of digital briefings with UAE Ambassadors and representatives throughout key markets, together with China, India, the United kingdom, Germany, Canada and Colombia.

The Cost-free Zone also shifted all of its networking gatherings and understanding seminars on line. Its member firms were being supplied entry to 83 webinars, averaging two classes per 7 days. Overall, DMCC collected 11,000 attendees just about in 2020.

Through its Dubai Diamond Trade, DMCC signed a collaboration arrangement with the Israel Diamond Exchange in September 2020 to market bilateral trade alternatives and generate innovation in the diamond field. Shortly right after, DMCC inaugurated its representative office in Ramat Gan, Tel Aviv, Israel.

China stays a vital target market for DMCC, and observed a 20 per cent raise 12 months-on-year in Chinese corporations joining the Totally free Zone in 2020. In November 2020, DMCC inaugurated a representative business in Shenzhen, China, which is predicted to usher in a new wave of company prospects to Dubai.

© Copyright Emirates Information Company (WAM) 2021.