With more than 21,000 companies operating in Dubai Multi Commodities Centre (DMCC), this free zone is the ideal location to set up a business in Dubai and the UAE. Not only is it located in the heart of new Dubai, but the Financial Times FDI Magazine has also awarded it the ‘Global Free Zone of the Year’ eight times.
The government of Dubai established DMCC in 2002 to dedicate a business centre specifically for commodity-related business transactions. Over the years, the DMCC Freezone has grown exponentially, with over 2,000 companies registered yearly.
Because of its close proximity to important business centres, businesses get to reap several trade advantages, including access to more shipping and increased reach to international markets.
The Personal, Community, Professional, and Financial Services industries are a major part of the DMCC business landscape.
The DMCC Freezone is an ideal location for companies and investors specializing in professional consulting services and trading business activities. There are several well-known service and trading companies operating in this region.
The DMCC’s Future of Trade 2022 report is optimistic about the trajectory of trade will take this year while dealing with the multifaceted storing of businesses and governments. While the growth seen in 2021 was 9.8 percent, the rate is expected to be around 3 percent in 2022.
The Russia-Ukraine war inflicted shocks on the global supply chains, exacerbating the existing stress on the commodity markets during the post-pandemic recovery by causing oil prices and inflation to soar. Despite the setback, global trade is strong enough to overcome it and push forward in the years to come. The growth rate may be slower for 2022, but there is bound to be growth in the future.
Therefore, new businesses setting up in the DMCC region will stand to benefit in the global trade market, from its strategic position and community support.
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