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For the fourth year running, the United Arab Emirates’ DMCC has seen off all other competition to be crowned fDi’s Global Free Zone of the Year for 2018. Almost 2000 new businesses were established in the zone in 2017, and DMCC finished the year with 14,805 companies and more than 61,700 employees. Some notable investments in 2017 include Saudi Arabia-based transportation and logistics company Bahri Group, which relocated to the zone’s One JLT low-rise business tower, expanding to more than 2900 square metres.
UK-based Deliveroo opened its first kitchen incubator concept in the zone, with a second also planned by the end of 2018. Deliveroo joined investors from a wide range of industries already present in the zone’s 30-plus commercial towers, including US-based toy company Hasbro, financial giant American Express and home and personal care company Colgate-Palmolive. DMCC plays host to major industry conferences and events, 155 of which were organised in 2017. These included the sixth edition of the Dubai Precious Metals Conference, which was attended by 450 delegates.
The Dubai Diamond conference was attended by more than 400 delegates from 13 countries. Some major developments are planned for DMCC in the coming years, with its Uptown Dubai venture projected to created 10,000 jobs over the next decade. The zone is also focused on developing a smart district to ensure the community of the zone (which numbers about 100,000 people) can live and work in a state-of-the-art environment.
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