Tuesday, October 15, 2019
News
NEWS HOME
»
PRN INDIA
DMCC Claims Global Free Zone Award For Record Fourth Consecutive Year
  SocialTwist Tell-a-Friend  
   

DUBAI, UAE, October 8, 2018 /PRNewswire/ --

  • DMCC  awarded  'Global Free Zone of the Year'  by  the Financial Times'  fDi Magazine  for an unprecedented  fourth  time    
  • Receiving four awards in total,  DMCC  also recognised for excellence across  six  additional  categories      
  • Around  2000 companies joined  DMCC  in 2017  across a range of industries and sectors    

DMCC, the world's flagship free zone and Government of Dubai Authority on commodities trade and enterprise, has been named the 'Global Free Zone of the Year 2018' by the Financial Times' fDi Magazine for a record fourth consecutive year.

To view the Multimedia News Release, please click:
https://www.multivu.com/players/uk/8418751-dmcc-claims-global-free-zone-award/

Central to the UAE economic diversification strategy, DMCC's latest set of awards reflect its ability to attract foreign direct investment, drive market-friendly reform and foster a commercial environment that removes barriers to trade, intrusive regulations and prohibitive bureaucracy.

DMCC offers a unique regulatory environment for companies wishing to  setup a business in Dubai, providing products, services, physical and financial infrastructure needed to trade with confidence.

Commenting on the award,  Ahmed Bin Sulayem, Executive Chairman, DMCC, said:

"To be ranked the Global Free Zone of the Year for a record fourth time in a row is a significant moment for everyone connected to DMCC. This accolade demonstrates that our long-term strategy to lead from the front is working, and we continue to deliver for the companies we host. Taken collectively, DMCC member companies contribute over 10 percent to Dubai's GDP, and play a critical role in the UAE's economic diversification plan. Looking ahead, we will continue to help the companies within our free zone to realise their ambitious commercial targets and together, shape the future of trade."    

60 free zones from around the world were assessed for the 2018 competition and were ranked across a compressive range of industry and performance criteria. DMCC was also the recipient of the 'Middle East Free Zone of the Year', 'Global Free Zone of the Year for SMEs' and 'Middle East Free Zone of the Year for SMEs' awards, and officially recognised for excellence in the following six categories: 'China Strategy', 'Smart Strategies', 'Economic Impact', 'Red Tape Reduction', 'Facilities Upgrade' and 'Thought Leadership'.

DMCC  added 1,980 new members in 2017, delivering an annual average growth rate of over 30% in the last ten years. Businesses wishing to open a company in Dubai can do so in as little as 11 days if they choose to make DMCC their destination of choice.

Gautam Sashittal, Chief Executive Officer, DMCC, added:

"To be the recipient this prestigious award once again is indeed satisfying and humbling. Being recognised as the number one free zone in the world for an unprecedented fourth year in a row indicates the strength of DMCC's global reputation as a truly connected marketplace, and underscores our track record of enabling progressive companies to trade with confidence and grow. DMCC always aims to outperform and innovate. This success could not have been achieved without a world-class team, ambitious member companies and our stakeholders. We thank them all for their loyalty and support."    

Backed by world-class infrastructure, products and services, DMCC offers a seamless and simple route to setting up a business in Dubai with 100 percent ownership. Central to DMCC's appeal to international traders is its location in the heart of Dubai and within one of the UAE's most desirable places to live, work and visit, Jumeirah Lakes Towers (JLT). DMCC is minutes away from the emirate's major airports and seaports and affords ambitious companies easy access to the fastest-growing markets in Africa, the Middle East, Asia and beyond as well as the important cornerstone markets of the West.

DMCC, a  Dubai Free Trade Zone, offers legislative as well as investment incentives making it the leading choice for investors looking to set up a business in Dubai.

About DMCC    

Headquartered in Dubai, DMCC is the world's most interconnected Free Zone, and the leading trade and enterprise hub for commodities. Whether developing vibrant neighbourhoods with world-class property like Jumeirah Lakes Towers and the much-anticipated Uptown Dubai, or delivering high performance business services, DMCC provides everything its dynamic community needs to live, work and thrive. Made for Trade, DMCC is proud to sustain and grow Dubai's position as the place to be for global trade today and long into the future.  http://www.dmcc.ae

fDi Magazine  Competition  Methodology    

The methodology used by fDi Magazine was extensive with just over 60 applicants from free zones, government and investment promotion bodies submitting a short survey detailing their offer. The independent judges and FT specialist editorial team used a weighting scorecard system to adjudicate, with an emphasis placed on the core growth of free zones over the last 12 months, both in terms of tenants and increase in square footage.    


        (Logo:  https://mma.prnewswire.com/media/692459/DMCC_Logo.jpg  )


Video:  
         https://www.multivu.com/players/uk/8418751-dmcc-claims-global-free-zone-award/

More News by PR Newswire India

ZTE launches industry-first 5G+VDSL2 hybrid home gateway

OYO's HR Team Saved 75% At-risk Employees Using inFeedo's Engagement bot, Amber

Ameyo Integrates With Freshworks to Simplify Customer Journey

Nuclear Days 2019 - French Nuclear Industry to Intensify its Operations in Indian Market

Happiest Minds Wins 2019 Red Herring Top 100 Asia Award

The Spielwarenmesse Reveals the Trends for 2020

Xinhua Silk Road: SAIC Motor gains momentum in India with 31,000 orders received by September

CreditVidya Wins the Prestigious 2019 Red Herring Top 100 Asia Award

GCW Global Customised Wealth Announces New Partner: Tim Babich

GTPL Hathway's Consolidated H1 FY20 PAT at ₹ 580 Million, up by 102%

'Where Will Man Take Us?' by Atul Jalan has been Certified a National Bestseller by Penguin Random House India

Tejas Networks Launches World's Largest Disaggregated Packet-optical Switch at India Mobile Congress 2019

Building on Local Momentum: Malaysia's Greater Petaling Joins City Cancer Challenge

Shanghai International Money Fair - one of China's largest financial fairs will be held in December

Europe's Most Trusted Crypto And Precious Metal Companies Partner To Create Gold Token Secured By Bitcoin Network

RGE Commits US$200 Million to Next-Generation Textile Fibre Innovation and Technology

Medisanté Earns Acclaim from Frost & Sullivan for Ensuring Better Care Outcomes while Reducing Costs

INSIDE INFORMATION: BW LPG Contemplated Sale of Shares

School House Crafts Multi-Sensory Journey of Discovery and Re-collection for La Mer Campaign Exhibition

Vevue Partners with CBX Exchange for Initial Auction Offering

Frost & Sullivan Recognizes Pepco Holdings and Carlsbad Municipal Water District with Excellence in Resourcefulness Awards at Itron Utility Week

His Holiness The Dalai Lama Awarded Honorary Doctorate by Chitkara University

Surplus Keslow Cinematography Gear Up For Auction

Libyan Investment Authority Loses Claim in the UK Court of Appeal - London

Artificial Intelligence for Risk Management Process by MovingNow

Maruti Suzuki Arena Devils Circuit Season 2019-20 Draws Over 6K Runners in Hyderabad

Quectel Achieves Industry's First 5G Data Call over 5G mmWave Module

Artprice by Artmarket: The Gagosian's Grand Projects for the Late Simon Hantaï (1922-2008)

Ryan International Group of Schools Receive India's Most Respected Brand Award 2019

JD Institute Of Fashion Technology, South Announced its New Domain

VeChain Is Leading Co-sponsor of GDST Seafood Trackathons

The World's Largest Automakers, Along with MOBI, Announce a Joint Proof of Concept for the First Vehicle Identity on Blockchain

Indiannica Learning Announces the Launch of Indiannica Quiz League

Third Annual Convocation Ceremony Will be Celebrated in Apex Professional University

An Encounter of Two Icons: Tic Tac® Meets Coca-Cola®

Birlasoft to Accelerate Invacare's Business Transformation Journey Signs US$ 240 mn, Multi-year Deal, to Provide Complete IT-as-a-Service (ITaaS)

Bali Zoo Celebrated Tumpek Kandang Ritual for all its Resident Faunas

Nitin Mantri Becomes ICCO President

DMCC Awarded 'Global Free Zone of the Year' for a Record Fifth Consecutive Year

Apex Professional University Signed MoU with Life Science Sector Skill Development Council

Find TVU Networks at Broadcast India 2019

UAE and UNESCO Renew Partnership, Extending Efforts to Restore Historic Churches in Mosul

Over 70,000 Visitors, SR2m Falcon Sales on First Day of Riyadh Exhibition

The First Huion Tablet of Inspiroy Dial Series, Q620M was Unveiled at Hong Kong Electronics Fair

ZEISS showcases next-level eye care digitalization at AAO 2019

On Your Marks: 2019 Xi'an Yango International Marathon Starts 20 October

Autodesk Fusion 360 Tools Enable Social Hardware to Advance Design of Prosthetics

Bionik Gold Knee- A New Lease of Life for Young Arthritis Patients

Joy Forum19 to boost Saudi entertainment sector

 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
INDIA WORLD ASIA
UP govt suspends Maharajganj DM, five ot...
Truck driver from Rajasthan shot and kil...
President to visit Philippines, Japan...
Several NC, PDP leaders to join BJP on T...
Punjab weapons drop may figure in Army C...
Bengal Governor congratulates Abhijit Ba...
More...    
 
 Top Stories
Indian nurses in UAE may lose jobs ... 
BSNL staff to get salary before Diw... 
England's thrashing of Bulgaria ove... 
Dubai malls launch Diwali 'shop and... 
Huawei Mate X to go on sale later t... 
Dubai-based Indian buys tickets to ... 
Sensex up 167 points, auto and bank... 
VVIP security deployed for Prince W...