DMCC offers business leaders in London two-way trade between the UAE and the UK
DUBAI, 4th May 2023 (WAM) — DMCC – the world’s premier free zone and the Government of Dubai for trade in goods and entrepreneurship – has concluded the ‘Made For Trade Live’ global road show in London, the eighth in the British capital. hosts business leaders from across the UK to showcase Dubai’s unique business environment to companies looking to expand internationally.
At the event, held in partnership with the Arab-British Chamber of Commerce (ABCC) and Asia House, senior executives from DMCC informed 150 business leaders from various sectors about the ease of doing business in Dubai through DMCC, one of the most interconnected business districts in the world. The discussion shed light on the possibilities of strengthening trade relations between the UAE and the UK in light of the ongoing free trade agreement discussions.
Throughout the road show, DMCC highlighted Dubai’s resilience to global economic headwinds, its low inflation and business-friendly policies that have cemented its reputation as an international business and trade hub.
Ahmed bin Sulayem, Executive Chairman and Chief Executive Officer of DMCC, said: “Total trade in goods and services between the UK and the UAE increased by 56.7% to US$23.5 billion in the 12 months to the third quarter of 2022, more further emphasizing DMCC’s continued role as a key strategic partner and why we have approximately 40% of British businesses in the UAE. We are back in London and speaking directly to business leaders to demonstrate the significant potential that DMCC offers to UK businesses looking to set up in Dubai and trade globally.”
Over the years, DMCC has played an important role in the development and enhancement of bilateral trade between the UAE and the UK. It currently hosts over 2,000 UK companies, equivalent to around 8% of its member company base, acting as a conduit for UK companies looking to tap into regional and international markets by setting up a base in Dubai.
DMCC’s Made for Trade Live roadshows play an important role in showcasing Dubai as a premier business destination, highlighting its unique value proposition and attracting direct investment to the emirate. In the first quarter of 2023, DMCC attracted a record 708 new companies to its free zone, bringing the total number of businesses in DMCC to nearly 23,000.
