DMCC, acknowledged because the world’s premier free zone and overseen by the Authorities of Dubai Authority on commodities commerce and enterprise, reaffirmed its dedication to fostering elevated overseas direct funding (FDI) from the UK. This affirmation got here in the course of the ninth installment of its international commerce roadshow, Made For Commerce Reside, held in London.
The bilateral commerce between the UK and UAE witnessed a outstanding surge, recording a year-on-year progress of 47.3% to succeed in 119 billion dirhams ($31.7 billion) within the 4 quarters main as much as the tip of Q2 2023. In opposition to this backdrop, DMCC seized the chance to showcase a plethora of progress prospects for British companies eager on establishing a presence in Dubai and tapping into a number of the world’s most dynamic markets.
Ahmed bin Sulayem, Government Chairman and CEO of DMCC, emphasised the group’s relentless efforts in enhancing Dubai’s attraction as an funding vacation spot. “Over the previous 12 months, we now have constantly bolstered DMCC’s worth proposition, spearheading vital structural enhancements inside the enterprise district and attracting unprecedented ranges of FDI to Dubai,” remarked Sulayem. He additional highlighted the notable inflow of two,700 new firms, together with 200 British corporations, demonstrating strong progress throughout DMCC’s numerous ecosystems. Significantly noteworthy is the burgeoning curiosity in DMCC’s crypto and gaming facilities, reflecting evolving market tendencies. Sulayem additionally introduced the approaching launch of the DMCC AI Heart, underscoring the group’s dedication to innovation and technology-driven developments.
The London roadshow supplied a platform for DMCC to elucidate the myriad benefits of working inside its ecosystem, starting from strategic location and state-of-the-art infrastructure to business-friendly regulatory frameworks. Moreover, DMCC showcased Dubai’s standing as a vibrant hub for innovation and entrepreneurship, catering to a large spectrum of industries and sectors.
The surge in bilateral commerce between the UK and UAE underscores the rising synergy between the 2 nations, facilitated by DMCC’s efforts to foster nearer financial ties and facilitate cross-border investments. As international financial dynamics proceed to evolve, DMCC stays on the forefront of selling sustainable progress and fostering mutually helpful partnerships on the worldwide stage.
The Made For Commerce Reside roadshow serves as a testomony to DMCC’s unwavering dedication to driving financial prosperity and facilitating commerce and funding flows throughout borders. With Dubai rising as a most popular vacation spot for international companies looking for growth alternatives, DMCC’s position as a catalyst for progress and innovation is poised to form the way forward for commerce within the area and past.
