The world’s flagship Free Zone, Dubai Multi Commodities Center (DMCC), has hosted its flagship Made for Trade Live Global Roadshow in London, United Kingdom, to showcase vital opportunities of doing business in Dubai for British companies seeking to expand internationally.
Highlighting Dubai’s strategic geographical location and DMCC’s position as the fastest-growing and interconnected free zone in the world, senior DMCC executives explained the benefits of doing business through DMCC to representatives of 170 British businesses from a range of sectors. The meeting also explored ways to strengthen bilateral trade ties between the UAE and the UK.
“Promoting the ease of doing business in Dubai and strengthening trade relations with countries around the globe is a critical part of our mandate. Through these roadshows, we showcase the unparalleled potential that DMCC has to offer for businesses looking to set up a company in Dubai.”
Mr. Bin Sulayem further added that, “The United Kingdom is undoubtedly an important market for DMCC, with UK-UAE ties continuing to deepen as we become further connected through new projects and initiatives. We are glad to be on the ground in London today, speaking to businesses directly about the opportunities we share for the future of trade.”
Held in partnership with the Arab-British Chamber of Commerce, the jam-packed event marked the DMCC’s seventh roadshow in the United Kingdom, proving Dubai’s leading position as a gateway to global markets.
The United Kingdom is one of the main target markets for Dubai and the DMCC, with deep cultural, diplomatic, and trade ties. The UK is one of the top sources of FDI to Dubai, contributing 20 percent of total FDI projects in the first nine months of 2021.
The DMCC plays a key role in developing UAE-UK trade relations, with approximately 2,000 British companies, equivalent to 10 percent of its member company base, and serves as the global hub and entry point for the British business that seeks to establish a company in Dubai.
DMCC’s Made for Trade Live Series plays a key role in promoting Dubai as a major destination for foreign direct investment (FDI). In 2021, DMCC has attracted 2,485 new companies to the Free Zone, bringing the total number of businesses in DMCC to over 20,000.