Under the title Made For Trade, DMCC – Dubai Multi Commodities Centre – launched its international promotional campaign in London to highlight opportunities in Dubai for British companies aspiring to expand their presence in the world.
Held in partnership with the Arab-British Chamber of Commerce, the capacity packed event marked DMCC’s seventh roadshow in the United Kingdom, a testament to the prominent position of Dubai as a gateway to global markets.
DMCC’s Made for Trade Live series plays a key role in promoting Dubai as a prime destination for foreign direct investment (FDI). In 2021, DMCC attracted a record-breaking 2,485 new companies to the free zone, bringing the total number of businesses in DMCC to over 20,000.
The advantages of investing in Dubai
Highlighting Dubai’s strategic geographic location as well as DMCC’s status as the fastest growing and most interconnected free zone in the world, the event saw senior DMCC executives brief 170 leaders of British businesses from a range of sectors on the ease of doing business through DMCC. The discussion also shed light on opportunities to strengthen bilateral trade relations between the UAE and the United Kingdom.
Ahmed Bin Sulayem, Executive Chairman and Chief Executive Officer, DMCC, said: “Promoting the ease of doing business in Dubai and strengthening trade relations with countries around the globe is a critical part of our mandate. Through these roadshows, we showcase the unparalleled potential that DMCC has to offer for businesses looking to set up a company in Dubai. The United Kingdom is undoubtedly an important market for DMCC, with UK-UAE ties continuing to deepen as we become further connected through new projects and initiatives. We are glad to be on the ground in London today, speaking to businesses directly about the opportunities we share for the future of trade.”
the United Kingdom is one of the main target markets for both Dubai
With deep cultural, diplomatic, and commercial ties, the United Kingdom is one of the main target markets for both Dubai and DMCC. The United Kingdom is among the top sources of FDI in Dubai and accounted for 205 of the total FDI projects during the first nine months of 2021.
DMCC has played a major role in developing UAE-UK trade relations and is currently home to almost 2,000 British companies, equating to 10 per cent of its member company base, which in turn is a point of contact and a leading gateway for all British companies wishing to start their businesses in the region from Dubai.
DMCC – the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise – has announced that it achieved its best year on record, attracting 2,485 companies to Dubai in 2021. The year also saw DMCC achieve its best in June, August, September and November, reaching a total of over 20,000 member companies. The record-breaking performance follows from the 2,025 companies that joined the business district in 2020.
Driven by strong international demand, the expansion of its commodities centres and the launch of the DMCC Crypto Centre, DMCC attracted companies from a broad range of sectors. The significant attraction was seen in key target markets, including China, the US, the UK and Russia, demonstrating Dubai’s continued commercial appeal and the ease of setting up and doing business at DMCC.
In recognition of its continued efforts to enhance its ecosystem, DMCC was named Global Free Zone of the Year by the Financial Times’ FDI Magazine for the seventh year in a row in October 2021.