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Mon 8 Oct 2018 03:46 PM

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Dubai's DMCC named world's top free zone for fourth year running

Dubai Multi Commodities Centre retains title of the Global Free Zone of the Year 2018 by the Financial Times' fDi Magazine

Dubai's DMCC named world's top free zone for fourth year running
DMCC added 1,980 new members in 2017 and almost 1000 members in the first half of 2018.

Dubai Multi Commodities Centre (DMCC) has been named the Global Free Zone of the Year 2018 by the Financial Times’ fDi Magazine for a record fourth consecutive year.

The accolade comes as DMCC added 1,980 new members in 2017 and almost 1000 members in the first half of 2018, delivering an annual average growth rate of over 30 percent in the last 10 years.

Sixty free zones from around the world were assessed for the 2018 competition and were ranked across a comprehensive 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 another six categories.

Gautam Sashittal, CEO, DMCC, said: “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.”

DMCC offers a route to setting up a business in Dubai with 100 percent ownership.

Sashittal said that 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).