Record numbers across trade, FZ and financial services units
The Dubai Multi Commodities Centre, or DMCC, the largest free zone in the
"The strength of the leadership of His Highness Shaikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the
Gautam Sashittal, chief executive officer of the DMCC, said: "At the DMCC, we are passionate about creating a sustainable and optimal international environment for trade and enterprise. Everything we do has a longer-term strategic view in order for the DMCC to stay relevant now and in the future whether it is enhancing the customer experience, innovation, diversification of our business portfolio or strengthening trading ties internationally. We embrace change and thrive on strong international competition as this is what makes the organisation dynamic, driven and nimble in an exceedingly fast-moving market."
The DMCC recently announced a major expansion with the building of the Burj 2020 District with the world's tallest commercial tower, Burj 2020, as its centrepiece. The Burj 2020 District is well underway with four global design firms currently participating in a masterplan design competition with ground-breaking planned in 2015.
In addition, the DMCC is also bringing to market a 14-floor "glass box"-style building, One JLT, which is being constructed in the heart of the free zone and is due for completion in 2015. Both projects will cater to the increased demand of large multi-business and multi-national companies seeking to domicile their operations in an efficient, single-owner, commercial space.
In June, the DMCC was also named by the Financial Times' global fDi Magazine as Best Free Zone of the Year for SMEs –
Commodities, financial services
Continued strong commodity trading in
The value of gold passing through
In the first five months of the year, trade volumes of rough diamonds increased by 13 per cent to 63 million carats.
The Dubai Diamond Exchange, or DDE, a DMCC platform, hosted the first tender of
In the DMCC Tea Centre, a record quantity of throughput, facilitation and value-addition services in the first half of 2014 (20 million kg) compared to the first half of 2013 (7.5 million kg), was perfectly paired with new innovative solutions and product lines.
The exponential growth seen during the first half of 2014 across the the DMCC business is underpinned by its "One Brand Strategy", which launched in
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