Dubai’s Free Trade Zone Breaks 7 Year Record for New Firm Registrations in April

Dubai’s Free Trade Zone Breaks 7 Year Record for New Firm Registrations in April

by 3. May 2021

Dubai Multi Commodities Centre (DMCC), a Dubai government authority on commodities trade and enterprise, has welcomed 216 new businesses to their free zone in April 2021, the highest recorded number for April in 7 years.

DMCC added that Q1 2021 had also recorded the free zone’s best performance in seven years.

The strong growth builds on momentum coming from initiatives including the DMCC Cacao Centre and the upcoming DMCC Crypto Centre, which with further expand DMCC’s ecosystem for trade.

New bundled price packages and laser-targeted outreach, saw DMCC drive increase engagement with key markets, including China, UK, France, India and others.

Interest from Israel remains significantly strong.

Ahmed Bin Sulayem DMCC

Ahmed Bin Sulayem

Ahmed Bin Sulayem, Executive Chairman and Chief Executive Officer, DMCC said,

“Our community of over 18,000 businesses continues to grow at record rates because we are doing exactly that – supporting our member companies and increasing their ease of doing business.

 

This record month truly demonstrates the resilience of Dubai’s economy, and the commitment that DMCC has to its member companies.”

This achievement follows a record 205 companies joining the free zone in September 2020.

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