DMCC FREE ZONE GROWS IN 2018, ADDING HUNDREDS OF COMPANIES
The Dubai Multi Commodities Centre (DMCC) has added 1,868 new companies to its free zone in 2018 – an increase of 12% over 2017, according to IDEX Online.
In 2018, the DMCC hosted hosted 27 diamond tenders, in which $328 million worth of diamonds were sold. The DMCC’s Dubai Gold and Commodities Exchange also had “a record-breaking year”, according to the report, in which it traded “an aggregate 22.26 million contracts valued at $475 billion”.
Ahmed bin Sulayem, Executive Chairman and CEO of the DMCC, said: “We have established our position as the preferred free zone for companies looking to set up their businesses in the region by creating a trading environment in which they have everything required to grow and become a success”.