DMCC has welcomed 1,868 new companies to its free zone in 2018

Dubai: The Dubai Multi Commodities Centre, DMCC, has welcomed 1,868 new companies to its free zone in 2018, marking a 12 per cent growth compared to 2017.

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The construction of Uptown Dubai, DMCCs new district, is also well underway to accommodate the demand for additional space, DMCC announced.

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“We have established our position as the preferred free zone for companies looking to set up their businesses in the region by creating a trading environment in which they have everything required to grow and become a success,” said Ahmed bin Sulayem, Executive Chairman and Chief Executive Officer, DMCC.

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DMCC’s Dubai Diamond Exchange hosted 27 diamond tenders in 2018, in which Dh1.205 billion ($328 million) worth of diamonds were sold.

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Similarly, the DMCC’s Dubai Gold and Commodities Exchange witnessed a record-breaking year, trading an aggregate 22.26 million contracts valued at Dh1.744 trillion ($475 billion).

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DMCC Tradeflow, too, recorded a total value of Dh126 billion ($35 billion), a 37 per cent increase from 2017.

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