A London Based Digital Publication Covering Diplomatic & Business Activities Globally

Monday, April 22, 2024

DMCC Sees a Growth in Companies Formation in 2023

DMCC, the flagship free zone and commodities trade authority of Dubai, successfully concluded its Made for Trade Live tour across the US, spanning New York, Brooklyn, and Washington DC. This tour aimed to bolster bilateral trade and investments between the US and UAE, with a particular focus on expanding American businesses’ presence in Dubai. In 2023, DMCC experienced a notable surge of over 10% in American companies joining its international business district, reaching a total of 679, which accounts for about 45% of American businesses in the UAE. This growth underscores the increasing interest and confidence of American firms in Dubai’s thriving business ecosystem. Following the recent Economic Policy Dialogue between the US and UAE, which emphasized strengthening trade ties, DMCC sees further opportunities for American businesses in Dubai, particularly in key sectors within the digital economy. The events hosted by DMCC attracted 100 American executives, providing insights into the potential for expansion in the Middle East through Dubai. Ahmed bin Sulayem, Executive Chairman and CEO of DMCC, highlighted the US as a significant source of foreign investment, emphasizing DMCC’s commitment to facilitating the influx of international businesses. The collaborative efforts with key partners, including the Embassy of the United Arab Emirates in Washington DC and various chambers of commerce, underscore the commitment to fostering stronger business relationships between the two nations.

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