Dubai's DMCC free zone attracts 2,000+ new companies - best since 2016. DMCC had fast-track licensing and special rates to get clients' interest
Dubai , Dubai
16 February 2021, 12:00 AM
28 February 2021, 12:00 AM
The free zone entity, DMCC (Dubai Multi Commodities Centre) clearly benefited from a series of new incentives it rolled out after the pandemic struck, including a fast-track virtual licensing offer.
Just over 2,000 new companies signed up for a license at DMCC last year – the highest in the last five years.
Ahmed Bin Sulayem, Executive Chairman and CEO said, “We surpassed 18,000 member companies, broke company registration records, while launching new initiatives and progressing on time with flagship projects. Building on this momentum, we will maximise the progress in 2021.”
DMCC launched a ‘Business Support Package’ in March last - this was the hub’s “largest ever offer”. The incentives were available to existing and new companies. More than 8,000 companies availed over 13,000 offers and incentives throughout the year.