News Alert - DMCC becomes U.A.E’s largest Free Zone
1. 04 October 2013
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DMCC becomes UAE’s largest Free Zone
The Dubai Multi Commodities Centre (DMCC) has become the UAE's largest free zone,
overtaking Jebel Ali Free Zone (JAFZA) and RAK Free Trade Zone. DMCC now has more than
7,330 active registrations. An average of 200 companies joins the free zone each month with a
retention rate of 94 percent. DMCC is also the UAE's fastest growing free zone targeting 10,000
firms by 2015. About 95 percent of the companies that signed up for DMCC were new to Dubai.
According to member statistics, a third of DMCC member companies are from South Asia, a third
from the Middle East (including the UAE), and a third from Western Europe and North America.
The free zone allows firms to operate with full foreign ownership for a guaranteed period of time
and specializes in the trade of gold, diamonds, tea, pearls and commodities futures contracts.
Trade in gold and other precious metals has enjoyed a sharp rise in business since the beginning
of the economic recession in 2008 as investors look for safe havens for their cash. The DMCC
has been swift to utilize its geographic position to cash in on the rising popularity of precious
metals and commodities trading.
The expansion plans of DMCC includes the DMCC business park and the world's tallest
commercial tower which will cater to large corporations looking to access new markets and help
in the growth of Dubai. The construction of the tower and 107,000 square meter business park
will add an additional 50 percent of commercial space to the existing 2.9 million square meter of
built up area.
Intuit Research Team
Intuit Management Consultancy
India Tel: +91 9840708181 Fax: +91 44 42034149
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