DMCC Becoming The Largest UAE Free Zone
Freemont Group
14 October, 2013
In September, Dubai Multi Commodity Centre (DMCC) has become the largest Free Zone in the UAE. The popular and fastest growing UAE free zone (about 200 new companies each month) reported almost 7,500 active company registrations last week.
DMCCs popularity is expressed also by the 94% retention rate and the loyalty of its customers makes the free zone authority reveal daring plans for the future:
The commercial space area of DMCC, Jumeirah Lakes Towers, will be increased by a 100,000+ square meter business park. Its new dominant will be the worlds tallest commercial tower.
The DMCC authority remains focused: the new target is 10,000 companies by 2015.
The new Silk Route
Since its establishing in 2002, DMCC continues its attempts to position Dubai as the global hub for commodities trade and enterprise. The free zone currently focuses on serving markets along the new Silk Route and facilitating the African producers deliver to Asian, European and American markets.
One third of DMCC registered companies are from South Asia, one third from the Middle East (including the UAE), and one third from Western Europe and North America. Amongst the famous companies represented in DMCC are e.g. De Beers, Phillips, Harley Davidson and Nutricia.
Living and working in JLT
With 65 mixed-use commercial and residential towers and over 220 retail outlets, there are currently more than 75,000 people working and living within Jumeirah Lakes Towers. This area quickly became one of the most popular places in the new Dubai.
The heavily discussed green color in the Lakes lead to an idea for yet another project: one of the Lakes will be transformed into a 55,000 square meter community park by the end of this year.
In other words: when doing business in Dubai, DMCC/JLT is a place to be.
Freemont Group has an office in Jumeirah Lakes Towers. Please call or email us for more information on DMCC free zone companies.
About the Author
Freemont Group
Freemont Group is a comprehensive provider of fiduciary services, including corporate formation and administration, trust, fund formation, legal-and tax services. Contact: info@freemontgroup.com
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