Dubai Multi Commodities Centre (DMCC) has achieved another milestone as it has been named ‘Global Free Zone of the Year’ 2016 by The Financial Times fDi magazine for the second year running.
Criteria such as outstanding performance year on year growth and expansion plans, strong customer offering and presence of high growth industries are considered by The annual global survey while ranking the free zones from around the world.
The DMCC Free Zone was recognized for its sustainable growth, strong customer service and its eco-system model which offer businesses everything they need to set up, whether a branch office or full operations, in one place.
Ahmed Bin Sulayem, Executive Chairman of DMCC, said: “Winning ‘Global Free Zone’ for the second year in a row is a tribute to the 12,700 companies which make up the DMCC Free Zone and contribute to our success every day, driving growth, dynamism and innovation.”
DMCC now has more than 12,700 member companies with 87,500 workers and residents from more than 170 countries based in its free zone since it was formed in 2002.
Seven new companies set up a business every working day in DMCC.
Courtney Fingar, Editor-in-Chief of fDi Magazine, said: “DMCC once again stood out for its all-around excellence, increasing numbers of member companies, growth prospects and its well communicated offering to companies of varying sizes and sectors from all across the world.”