DMCC welcomes 1,000 new firms to JLT Free Zone in 10 months

The Dubai Multi Commodities Centre Authority (DMCC), the licensing authority for the Jumeirah Lakes Towers (JLT) Free Zone, has registered more than 1,000 companies in the first 10 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, said: 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 growth 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.”

DMCC continues to attract companies to the JLT Free Zone from a wide-range of business sectors, industries and geographies. Of these new companies over 90 per cent are first time entrants to Dubai with registrations equally balanced between well-established multinationals like Diamdel (De Beers Group) or Harley Davidson and small and medium enterprises and entrepreneurs.

Malcolm Wall Morris, CEO, DMCC, said:“Our growth has also been supported by the introduction of our new Client Service Centre which is assisting us in registering over 100 companies a month."

DMCC has also expanded its Commercial Property Sales and Leasing division to service the entire JLT Free Zone, providing end-to-end solutions from licensing a business to finding property further encouraging companies to set up offices in the free zone.

Follow Emirates 24|7 on Google News.