Dubai Local Time

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


Share This Page


blog comments powered by Disqus

Recent Articles

Dubai Airport passenger traffic exceeds 6 million

New Law to permit 100 percent foreign ownership of businesses

Future mega airport hub to welcome 20million passengers by 2020

Daily flights to link Dubai and Orlando from 1st September 2015

UK launches Super-priority visa service for UAE residents

Interior Ministry launches new app for driving license issuance

Wafi bridge construction underway to ensure smooth traffic

New DubaiCard launched; can be operated with Emirates ID card

Smart Scanners at Dubai Airport enable quick, easy baggage scanning

Aladdin City project to be ready ahead of Expo 2020

 

Share This Page





Top