In the strongest performance recorded by the "center" in 5 years, despite "Corona"

Dubai Commodities will attract 2025 new companies in 2020

“Markaz” provided a wide range of incentives and services for all existing and new companies.

From the source

The Dubai Multi Commodities Center achieved a new record by registering 2025 new companies last year, the highest number of companies registered in five years, despite a business environment overshadowed by the challenges of the Corona pandemic, which confirms the continued attractiveness of Dubai to investors and the confidence they place in the region. The world's first free.

The largest offer

The center said, in a statement yesterday, that the credit for its strong performance is mainly due to the Business Support Package that was launched in March 2020, which witnessed interest from companies in 149 countries, noting that this was the largest commercial offer ever for the business center. It provided a wide range of incentives and value-added services to both existing and new companies in the free zone.

He added that by supporting member companies in the business community, more than 8,000 member companies have benefited from more than 13,000 offers and incentives made during the past year.

A clear indication

"2020 was an unparalleled year, as the (Covid-19) pandemic affected every society, company and country," said Ahmed Bin Sulayem, Chief Executive Officer and CEO of the Dubai Multi Commodities Center.

He added, "The strong performance of the Dubai Multi Commodities Center, which witnessed the establishment of 2025 companies in our free zone during a global crisis, is a clear indication that the UAE and Dubai are still the preferred destinations for doing business."

Bin Sulayem added: “We know that 2021 will not be without obstacles, but we are optimistic about our growth path and our continued ability to attract foreign direct investment to the emirate.”

Simplified procedures

He mentioned that the record for the number of new companies registered is also a result of significant improvements in DMC customer service, simplified and fully digital incorporation procedures, ease of starting a business, indicating that by providing a seamless digital experience for customers to establish a company, and a great focus on digital marketing The free zone has witnessed a 50% decrease in the number of auditors and actual visits, as current and new members prefer to conduct their transactions online, in addition to 95% of new companies in the free zone begin their journey with the DMCC digitally.

Support

For her part, the Chief Operating Officer of the Dubai Multi Commodities Center, Faryal Ahmadi, said, “DMCC launched with great ambitions at the beginning of 2020, and soon found it had to adapt to the reality imposed by the pandemic, in addition to successfully reaching our goals, We had to ensure that the new and existing companies in the free zone receive support and assistance during this difficult year. ”

confidence

In turn, the Executive Director of the DMCC Free Zone, Ahmed Hamzah, said, “The DMCC’s ability to achieve a record number of companies registered during one of the most difficult years in the modern era is a testament to the confidence that the global business community has given us. , And the attractiveness of the ecosystem that we provide ».

Hypothetically boosting trade

In light of global travel restrictions, DMCC launched its "Found for Trade" promotional campaign via the Internet, organizing 19 virtual sessions in major markets, including China, Israel, Russia, Switzerland, Germany, Angola, South America, Spain, Ukraine and the United Kingdom.

During these virtual promotions, attendees learned about the benefits and opportunities of setting up a business in Dubai, and the thriving business ecosystem at the DMCC.

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The new record achieved by the "Markaz" confirms Dubai's attractiveness to investors and confidence in it.

95%

Of the companies that are members of "Dubai Commodities" have benefited from its digital services.

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