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UAE Freezones Biz News Updates
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DMCC – UAE’s Top Free Zone
 Aerial view of Jumeirah Lake Towers where the Dubai Multi Commodities Centre (‘DMCC’) Free Zone is located. DMCC is now the UAE’s fastest growing Free Zone. Photo courtesy: DMCC
With 200 companies joining every month — the fastest for any UAE Free Zone,
the Dubai Multi Commodities Centre (‘DMCC’) Free Zone is now the UAE’s
largest Free Zone with over 7,330 active registrations.
DMCC to surpass 10,000 registered companies by 2015.
95% of the companies added this year were new to Dubai, which further
demonstrates Dubai’s attractiveness to global companies.
Ahmed Bin Sulayem; “We are now the UAE’s largest and fastest growing free
zone with over 7,330 active member companies – we remain committed to
further growth in order to cement Dubai as the global hub for commodities
trade and enterprise.
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.” — Ahmed Bin Sulayem, Executive
Chairman, DMCC
As the demand for commercial space within the DMCC Free Zone continues to
grow, with over 74 percent 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
107,000 square metre business park will add an additional 50 percent of
commercial space or 743,224 square metres 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.” — Ahmed
Bin Sulayem, Executive Chairman, DMCC
Since its establishment in 2002, DMCC has welcomed a range of companies from
all sectors across the globe, including: Clarkson, Louis Dreyfus, Debeers
Diamdel, Conoco Phillips, Rio Tinto Alcan, LVMH, Harley Davidson and
Nutricia Danone.
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.
Gautam Sashittal; “This year, over 95% of the companies that have chosen to
operate from the DMCC Free Zone are new to Dubai, which further demonstrates
DMCC’s and Dubai’s continuous appeal as a business destination where SMEs
and multi-nationals alike can utilise our full-service toolkit, trade with
confidence and grow their business. Due to its unique offering, strategic
location, modern infrastructure and customer focus, the DMCC Free Zone
enjoys a 94% retention rate.” — Gautam Sashittal, Chief Operating Officer,
DMCC
With 65 mixed-use commercial and residential towers and over 220 retail
outlets in operation, there are currently over 75,000 people working and
living within Jumeirah Lakes Towers. The transformation of one of its lakes
into a 55,000 square metre community park and the road networks within the
development are due to be completed by the end of this year.
September 21, 2013
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Courtesy arabiangazette.com
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