Monday 19 October 2020
Dubai Multi Commodities Center (DMCC) has extended its Business Support Package for existing and new members until 31 December 2020. As the largest commercial package ever released by DMCC, the Business Support Package offers a range of discounts to support business, reduce cost and safeguard operations against the impact of COVID-19. DMCC is set to announce further promotions in due course.
The extension was announced after DMCC was awarded Global Free Zone of the Year 2020 by Financial Times’ fDi Magazine for a record sixth consecutive year. DMCC also received the award for Middle East Free Zone of The Year.
It won against 100 free zones that were in the fray, including a high concentration of peers in the Middle East region. Fre zones were assessed against a range of criteria including growth rate, services, products and facilities available and importantly, the launch of new key initiatives supporting companies in the free zone. The awards were judged by the Financial Times’ specialist editorial team and a panel of independent judges for each region.
With increased competition year-on-year, the accolade is testament to DMCC’s continued commercial appeal and ability to attract businesses of all sizes to its Jumeirah Lakes Towers (JLT) community.
DMCC provides world-class infrastructure, products and services to a community of 100,000 people. In 2019, the DMCC expanded its offering by launching the DMCC Coffee Center, refurbishing its Dubai Diamond Exchange (DDE), now the largest tender facility in the world, and inaugurating the Dubai Design Academy (DDA).
With a dedicated Chinese Business Center and a highly focused marketing outreach program in Mandarin, DMCC’s track record of attracting Chinese businesses to Dubai was key to its successful submission. Judges also cited DMCC’s supportive approach to entrepreneurs and small and medium sized enterprises (SMEs).
Together with its 18,000 member companies - 1,969 registering in 2019 alone and a record 210 in September 2020 - DMCC contributes roughly 10 percent to Dubai’s GDP. By enabling the trade of various commodities, including gold, diamonds, tea and coffee, DMCC also plays a major role in the UAE’s diversification strategy.