DMCC witnesses 38% rise in company registrations

The Dubai Multi Commodities Centre Authority (DMCC), the licensing authority for the Jumeirah Lakes Towers (JLT) Free Zone, has registered over 1,000 companies in the first ten months of the year, bringing the total number of registered companies to over 3,600. This represents a 38 per cent increase on the 725 companies DMCC registered in 2010. Ahmed Bin Sulayem, Executive Chairman, DMCC, commented: “Every year, we challenge ourselves to set new records and this year is no exception. Registering 1,000 new companies in just 10 months is testimony to the success of our business strategy. “Our solid growth clearly highlights Dubai’s position as the leading business destination in the region as well as our position as one of the fastest growing mixed-use free zones in the UAE. Going forward, we will focus on driving company registrations, introducing new and improved services and innovative products, as well as investing in JLT’s infrastructure and so pursuing our mission to enhance trade flows through Dubai,” Sulayem added DMCC continues to attract companies to the JLT Free Zone from a wide-range of business sectors, industries and geographies.