With an aim of easing large companies ease into the Dubai ecosystem, DP World has launched the Global Business Corporation (GBC), which invites these companies to enhance their international operating models with a base in the emirate.
GBC seeks to raise awareness of Dubai’s strengths and benefits as a location for high-value centralised business operations of large companies, such as headquarters, centres of excellence, and finance and treasury hubs, and is focused on supporting corporates in achieving their growth ambitions.
Situated in the heart of a business-enabling ecosystem that includes special economic zones, the region’s largest trade port and a comprehensive portfolio of services and solutions, GBC aims to help these companies scale up and operate seamlessly.
Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World, said: “Dubai’s location provides easy access to vast opportunities in the emerging markets of the Middle East, Africa, Europe, and the CIS. With the growth of manufacturing in this region, our air, sea, road, and rail infrastructure seamlessly connect Dubai to markets all over the world.
“Dubai’s world-class business-enabling infrastructure, access to highly skilled talent pools and its ability to offer an array of strategic advantages make it one of the globe’s most growth-friendly business hubs. With the launch of GBC, we plan to be standard-bearers for ambitious high-growth companies and provide them the support needed to achieve their objectives.”
GBC will be to provide business set-up and licensing for companies that wish to set up a limited liability entity or branch in Dubai. These licences permit a foreign or domestic corporate group to own and operate a business management entity. GBC companies registered in the Jebel Ali Free Zone (JAFZA) can also be used as holding companies.
Mohammed Al Muallem, Executive Vice President of DP World, added: “Today, more and more companies with global reach are finding Dubai an exciting business-friendly destination. Dubai is where political and economic stability meets culture, ideas and progress. The business world has changed, presenting opportunities for large companies to consider alternative locations when thinking about their strategic growth.”
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