Dubai’s DMCC turn out to be UAE’s largest free zone

As stated by the executive chairman of (DMCC) – The Dubai Multi Commodities Center has turned into the UAE’s biggest free zone, exceeding Jebel Ali

Dubai's DMCC

DMCC now has more than 7,330 presently registered, with an amount of 200 organizations joining every month and a preservation rate of 94 percent, said Ahmed Bin Sulayem in an announcement.

Dubai Multi Commodities centre dmcc

He said DMCC likewise remains the UAE’s rapidly developing free zone, including that it was aiming on 10,000 organizations by 2015.

Bin Sulayem said: “We are currently the UAE’s biggest and rapidly developing free zone with in excess of 7,330 dynamic organizations – we remain consigned to more development keeping in mind the end goal to bond Dubai as the worldwide destination for products exchange and enterprise.

“We are well on our approach to meeting our goal of 10,000 organizations by 2015.

“Our extension arrangements, including the DMCC business park and the world’s tallest commercial tower, will pander to huge enterprises looking to get to new markets and will be the following stage in DMCC’s and Dubai’s development.”

DMCC as of late declared arrangements to manufacture the world’s tallest business tower to coddle proceeded interest.

The development of the tower and 107,000 sq m business park will include an extra 50 percent of business space or 743,224 sq m to the current 2.9 million sq m of developed region.

Canister Sulayem included: “We keep on innovating and balancing key trading units over the globe to further backing Dubai’s yearning investment advancement program. Presently, we are focusing on serving markets along the new Silk Route and have turned into a solid facilitator of exchange for product utilizing nation which is in African and expending countries in Asia, Asian, Europe, South America and the US.”

A third of DMCC part organizations are from South Asia, a third from the Middle East (along with UAE), and a third from Western Europe and North America.

Gautam Sashittal, chief operating officer, DMCC, said: “In 2014 which is presently, around a 95 percent of the organizations that have decided to work from the DMCC Free Zone are new to Dubai, which moreover shows DMCC’s and Dubai’s relentless advance as a business terminus where Sme’s and multi-nationals much the same can use complete service tool stash, trade with trust and develop their business.”

With 65 blended use business and residential towers and around 220 retail outlets in operation, there are as of now more than 75,000 individuals working and living inside Jumeirah Lakes Towers.

The conversion of one of its lakes into a 55,000 sqm community park and the street arranges inside the advancement are because of be finished before this current year’s over.

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About Riveria Global Group

Riveria Global Real Estate is an independent real estate brokerage, dedicated to offering exceptional service and value to buyers and sellers. Riveria Global Comercial Brokers LLC was started in Dubai in the year 2008 as a commercial brokerage company and has successfully charted its way up from being a Free Zone company to currently being a Limited liability company.

Posted on June 24, 2014, in Dubai Real Estate and tagged , , , , , , , . Bookmark the permalink. Leave a comment.

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