DMCC is now UAE's largest free zone

Average of 200 companies join each month

The Dubai Multi Commodities Centre (DMCC) Free Zone is now the UAE’s largest Free Zone with over 7,330 active registrations.

With an average of 200 companies choosing to join DMCC each month and a 94 per cent retention rate, DMCC also remains the UAE’s fastest growing free zone.

“We are well on our way to achieving our target of 10,000 companies by 2015, at which point we anticipate to be almost at capacity.

“Our expansion plans, including the DMCC business park and the world’s tallest commercial tower, will cater to large corporations looking to access new markets and will be the next phase in DMCC’s and Dubai’s growth,” said Ahmed Bin Sulayem, Executive Chairman, DMCC.

As the demand for commercial space within the DMCC Free Zone continues to grow, with over 74 per cent of the development already occupied, DMCC recently announced plans to build the world’s tallest commercial tower in order to cater to this continued demand. The construction of the tower and business park will add an additional 50 per cent of commercial space to the existing 2.9 million square metres of built up area.

“We continue to innovate and complement key trading hubs across the globe to further support Dubai’s ambitious economic development programme. Currently, we are concentrating on serving markets along the new Silk Route and have become a strong facilitator of trade for producing countries in African and consuming nations in Asia, Asean, Europe, South America and the US,” Bin Sulayem added.

In terms of member demographics, a third of DMCC member companies are from South Asia, a third from the Middle East (including the UAE), and a third from Western Europe and North America respectively.

Print
  • Twitter
  • submit to reddit
comments powered by Disqus

Business

Most Popular in Business

Videos

Follow
Emirates 24|7

In Case You Missed It ...

Happiness Meter Icon