"Dubai Multi Commodities" wins "Best Free Zone in the World" award
The Dubai Multi Commodities Center - the world's public free zone and the authority of the Government of Dubai for trade in goods and projects - has been awarded the "Best Free Zone in the World for 2021" by FDI magazine, which is issued by the Financial Times newspaper, for the seventh year. Straight.
This prestigious award, the highest honor a free zone can receive, is a testament to DMCC's exceptional performance throughout 2020 and the efforts it made to support and enable the success of the business community.
DMCC also won the best free zone in the Middle East for the current year, and the best free zone in the Middle East in terms of attracting major brands, in addition to the Global Excellence Award at the level of the Middle East, as well as an honorary honor for responding to the Covid-19 pandemic and investing in Infrastructure, SMEs, Sustainability Reporting and Leadership.
Ahmed Bin Sulayem, CEO and CEO of DMCC, said: Receiving the FDI magazine award for the best free zone in the world for the seventh consecutive year is not only a testament to the value and opportunity available to DMCC, but also to its flexibility. In keeping pace with global demand and in doing so, we not only supported our existing members during 2020, but also achieved record numbers of new company registrations thanks to our business support packages that provided many exemptions and benefits for different sectors while expanding our pre-existing online services along with opening representative offices International in Tel Aviv, Shenzhen, DMCC's new Crypto Center and Cocoa Center that present growing opportunities for companies of all types to become part of our highly diverse community and benefit from our unparalleled global connectivity.
The Leadership Excellence Awards are based on DMCC's ability to adapt quickly to the pandemic landscape and deliver relief and its groundbreaking research on the future of trade.
The award-winning “Future of Trade” report examines the impact of geopolitics, technology, the COVID-19 pandemic, and global economic trends, with a focus on trade growth, supply chains, trade finance, infrastructure and sustainability, in addition to providing clear and tangible trade policy recommendations for governments and businesses.
The report, published twice a year since 2016, has been downloaded more than 500,000 times.
DMCC received "honorable mentions" for its sustainability reporting based on the adoption of the 5C Framework for Sustainability, Promoting Smart and Sustainable Infrastructure for the Region, Digital Transformation and Transparency.
The award recognizes DMCC's progress in achieving the United Nations Sustainable Development Goals and adhering to the United Nations Global Compact, all of which are detailed in DMCC's annual Sustainability Report, and more than 70 free zones from around the world have been evaluated according to a set of multidisciplinary criteria.
The awards judging team included the Financial Times' dedicated editorial staff and a panel of independent judges for each region, scoring each nomination in categories including strategy, COVID-19 response, infrastructure development, promoting sustainability, and environmental, social and corporate governance projects.
Despite the business environment that was formed by the pandemic, the DMCC set a record in the number of new companies that joined the center in 2020, reaching 2025, which is the highest number of companies registered in five years.. It contributed greatly to that. The Business Support Package launched in March 2020 is the largest incentive package ever launched by DMCC, offering a wide range of incentives and value-added services to both existing and new businesses.
More than 8000 companies benefited from more than 13,000 relief and incentive offers throughout the year with interest from entities in more than 149 countries.. Due to the positive market response, the package was expanded and extended until the end of 2020.
DMCC has also partnered with financial institutions, namely Emirates NBD and Mashreq Bank, to provide flexible banking solutions to new and existing companies designed to meet their needs to weather the impact of the pandemic.
DMCC's record performance continued into 2021. The first three quarters of this year represented the best-ever nine-month period for DMCC in terms of the number of new companies registered, including the best months of June, August and September ever.
Follow our latest local and sports news and the latest political and economic developments via Google newsKeywords: magazine, dubai multi commodities center, trade, newspaper, government, award, world, best free zone, projects, authority, goods, zone, best free zone in the world, fdi, companies