Tuesday, July 22, 2014
Share |

DMCC established as largest, fastest-growing free zone in UAE

The Dubai Multi Commodities Centre (DMCC) Free Zone is the largest free zone in the UAE now, with more than 7330 active registrations.


An average of 200 companies has chosen to join DMCC each month, with 94 percent retention rate. DMCC is also one of the fastest growing free zones in the UAE.


The DMCC Executive Chairman, Ahmed bin Sulayem, said that DMCC is on its way to achieve a target of 10,000 companies by 2015, and plan to incorporate DMCC business park and world’s tallest commercial tower among its expansion plans, and will cater to large corporations seeking to access fresh market.


The demand for commercial space within DMCC Free Zone continues to rise, with more than 74 percent of the development already occupied. In fact, DMCC recently announced plans to build world's tallest commercial tower in order to cater to this continued demand.


The construction of the tower and business park will include an additional 50 percent of commercial space to existing 2.9mn square metres of built-up area. At present, the company is focusing on serving markets along the new Silk Route, and has grown to be a strong facilitator of trade for producing countries in African and consuming nations in Asia, Europe, Asean, South America and the US, said Bin Sulayem.


As for member demogrpahics, a third of DMCC member companies are from South Asia, a third from Middle East and a third from Western Europe and North America respectively.


Posted on 23/9/2013

blog comments powered by Disqus

Recent Articles

UAE works to make its first foray into the Red Planet by 2021

UAE residents hope for extended Eid holidays

Major diversion works for Dubai Canal Project underway

UAE e-labour cards mandated; violation to cost Dh1000 for every month

Downtown Design Fair to be unveiled in Dubai on 28th October

Dubai is fifth most popular destination globally

Now, Electronic Labour Cards to be issued within 48 hours

Now, immigration procedures at Dubai Airport to take less than 20 seconds

Largest shopping mall to come up in Dubai

Dubai Customs upgrades smart services through smart phones, smart watches

 



Top