Further highlighting Dubai’s significance as an international trading hub, the Dubai Multi Commodities Centre Authority (‘DMCC’), the licensing authority for the Jumeirah Lakes Towers (‘JLT’) free zone, co-organised ‘Invest in Dubai’ in London on June 21, 2011.
Hosted by the Arab-British Chamber of Commerce, in coordination with DMCC and the Government of Dubai Department of Tourism and Commerce Marketing, ‘Invest in Dubai’ was attended by a range of companies interested in expanding their businesses in the Middle East region.
Ahmed bin Sulayem, Executive Chairman of DMCC, comments: “Dubai continues to be a leading business and trade hub in the region, attracting vast amounts of International business. At present, DMCC has over 3,000 companies registered at the JLT Free zone, which is now the fastest growing free zone in the UAE, and 90 per cent of those companies are new to Dubai. DMCC looks forward to continuing to contribute to the growth of the Emirate as a global business centre.”
Ian Scott, director UK and Ireland for Government of Dubai, Department of Tourism and Commerce Marketing, comments: "Invest in Dubai’ has been a great platform to showcase Dubai’s significance as an international trading and commercial hub, highlighting the benefits and opportunities that UK businesses can take advantage of by expanding into the Emirate. Over and above the economic and business advantages, the city also offers a lifestyle that is truly international with luxury hotels and residential accommodation, excellent educational, family, health and shopping facilities as well as an abundance of sporting and leisure facilities."
Dr. Afnan AlShuaiby, Secretary General and Chief Executive Officer, the Arab-British Chamber of Commerce, comments: “The Arab‐British Chamber of Commerce was delighted with the success of the Invest in Dubai event which we co-hosted on 21 June. The seminar conveyed a very clear message to the British business community that Dubai remains a very safe haven for investment, and that its reputation as a prosperous and secure location for doing business in the Gulf and wider markets is assured. The wide range of sectors that delegates represented and their lively interest in doing business with Dubai, was evident from the Q & A session. The Chamber is pleased to have worked closely with the Government of Dubai Department of Tourism and Commerce Marketing (DTCM) and the Dubai Multi Commodities Centre (DMCC) to deliver this highly successful event.”
Since the start of 2011, DMCC has registered over 100 companies per month; a rise of 65% over the same period in 2010. This growth continues to make JLT the fastest growing free zone in the UAE.
DMCC continues to attract both international and regional companies to Dubai with 90% of 2011 registrations being from companies and entrepreneurs new to the Emirate. The relevance of Dubai’s location between the East and West is underlined by the diverse nationalities of DMCC’s member companies where 25% come from Europe, 20% from MENA, 17.5% from India and Asia, and the remainder from the rest of the world. The many benefits DMCC offers to member companies have also attracted firms to JLT from a wide range of business sectors, including gold, oil, shipping and consulting services.