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DMCC hits seven-year high in number of firms joining in April

DMCC hits seven-year high in number of firms joining in April
DMCC was awarded Global Free Zone of the Year in 2020

Dubai – Mubasher: Dubai Multi Commodities Centre (DMCC) registered a total of 216 new companies during April, the largest number for the month in seven years.

The Free Zone and Government of Dubai Authority on commodities trade and enterprise also witnessed the best performance in the first quarter (Q1) of 2021 in seven years, according to a statement on Sunday.

Ahmed Bin Sulayem, Executive Chairman and CEO of DMCC, said: “The global pandemic has resulted in business across the world reassessing where they are based to ensure they have access to the right levels of support, leading facilities and first-class services.”

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,” Bin Sulayem noted.

Despite the challenges posed by the pandemic, DMCC succeeded in attracting a wide range of entrepreneurs, small- and medium-enterprises (SMEs), and larger multinationals to the emirate, largely on the back of new initiatives such as the upcoming DMCC Cacao Centre and DMCC Crypto Centre.

In October 2020, DMCC was awarded Global Free Zone of the Year by the Financial Times’ fDi Magazine for the sixth year in a row.