DMCC Awarded ‘Global Free Zone Of The Year’ For Fifth Consecutive Year
Muhammad Irfan Published October 14, 2019 | 10:30 AM
DUBAI, (UrduPoint / Pakistan Point News / WAM - 14th Oct, 2019) DMCC – the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise – has been awarded Global Free Zone of the Year 2019 by Financial Times’ fDi Magazine for a record fifth consecutive year. DMCC also received awards titled: Global Free Zone of The Year for SMEs; middle East Free Zone of The Year; and Middle East Free Zone of The Year for SMEs.
Claiming seven awards in total, DMCC was also the recipient of The Thought Leadership Award in recognition of its The Future of Trade report, the DMCC Knowledge Series (an exclusive, members-only programme of business-related lectures, workshops and seminars), and its international engagement strategy that promotes Free Zones as an economic concept.
fDi judges also selected DMCC for the Marketing Slogan Award in recognition of its Made for Trade tagline, and The Expansions Award in acknowledgement of a number of DMCC member companies deciding to expand their operations within the Free Zone in 2018.
"DMCC has worked tirelessly over the years to create a marketplace that removes barriers to trade, and enables others to do business. Customer centricity is at the core of our approach, and today we are proud to help over 16,000 companies grow their enterprise," Ahmed bin Sulayem, Executive Chairman and Chief Executive Officer, DMCC. "To be officially recognised as the number one Free Zone in the world is something special, and suggests that our strategy is working.
Looking ahead, we will continue to enhance the commercial ecosystem we provide, and continue to deliver for all of the ambitious companies within it," he added.
This latest set of awards recognises the important role DMCC plays in the UAE’s diversification strategy, and its contribution to national economic growth. DMCC’s first-class infrastructure, products and services have attracted significant foreign direct investment to Dubai over the last 10 years, helping position the emirate as a globally leading commodities trade hub. Trade conducted through Dubai Free Zones has been the biggest contributor to the emirate’s increase in total trade in the first half of 2019, accounting for AED286.8 billion (US$78.1 billion).
"DMCC's continued success in our rankings is testament to its dynamic, innovative and forward-thinking approach, which has helped it keep up momentum even in the face of ever increasing competition. We applaud DMCC and its management for this achievement," said Courtney Fingar, Editor-in-chief of fDi Magazine.
A total of 85 Free Zones from across the globe were nominated in the 2019 competition and were assessed against a comprehensive range of criteria including the evaluation of services, products and facilities available, in addition to initiatives on offer to investors.
The DMCC Free Zone added over 1800 new members in 2018, and almost 1000 in the first half of 2019. DMCC has delivered an annual average growth rate nearly 30% in the last 10 years.
Related Topics
Recent Stories
German economy minister makes surprise visit to Kyiv
PMD predicts rain in country’s different parts
President emphasizes need for fostering atmosphere of political reconciliation
Ombudsman Punjab provides Rs13.6mln relief to 13.6 plaintiffs
Ambassador of the European Union calls on PM Shehbaz
DC calls for intensive anti-polio drive in ICT
Arsenal paid for 'big mistake' in Bayern defeat: Arteta
Progress of development schemes reviewed
Pak Italian Modern Centre (PIBC) Executive Director, Dr Naveed Akhtar resigns
Bazm-e-Rooh Rihan to holds reception in hounour of Naseer Mirza
Four govt officials killed in DI Khan firing incident
Local admin imposes section 144 in Abbottabad
More Stories From Middle East
-
UAE announces ‘Zero Bureaucracy Program’ to reduce bureaucracy
3 months ago -
COP28 President-Designate welcomes Transitional Committee agreement to operationalise Loss and Damag ..
6 months ago -
Global Media Congress 2023 to feature Co-Production Majlis as a new networking platform
6 months ago -
Young female athletes shine at Abu Dhabi World Youth Jiu-Jitsu Championship
6 months ago -
King of Jordan receives Abdullah bin Zayed and ministers participating in Arab coordination meeting
6 months ago -
Abdullah bin Zayed participates in coordination meeting of Arab foreign ministers, joint meeting wit ..
6 months ago
-
3rd annual conference of Emirates Society of Clinical Microbiology kicks off in Dubai
6 months ago -
SIBF 2023 hosts Nobel laureate to discuss emergence of ‘Afrofuturism’ in global discourse
6 months ago -
ALC announces winners of Kanz Al Jeel Award 2023
6 months ago -
SIBF turns spotlight on remarkable contributions of women
6 months ago -
Global assets in spot bitcoin ETFs hit $4.16 billion
6 months ago -
Rescuers struggle to find Nepal quake survivors as deaths reach 157
6 months ago