UAE – Mubasher: A total of 805 new companies have joined the Dubai Multi Commodities Centre (DMCC) during the first half (H1) of 2020, according to a press release on Wednesday.
In May and June, the number of companies, specifically Chineses companies, registering in DMCC has surged, when compared to the previous years.
During the first six months of 2020, the free zone has strengthened its ties with Chinese trade, industry, and government entities.
In June, DMCC inked a memorandum of understanding (MoU) with Innoway, one of China's most intensive platforms of science, technology, and education, with over 3,400 start-ups.
The chief operating officer of DMCC, Feryal Ahmadi, said: "China and tech are both critically important to Dubai, and the impact of DMCC’s latest agreement with Beijing Government-backed Innoway marks a significant moment for UAE-China ties."
To tackle the economic impact of coronavirus (COVID-19) and support businesses, DMCC has launched the Business Support Package, its largest commercial campaign, which will be extended until the end of September.
The executive chairman and CEO of DMCC, Ahmed Bin Sulayem, remarked: "In the first half of 2020, DMCC continued to serve its member base of 17,000 and launch a range of initiatives to support enterprise across the board."