DMCC records strongest performance in 5 years attracting 2025 companies to Dubai

  • Date: 06-Jan-2021
  • Source: Zawya
  • Sector:Economy
  • Country:UAE
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DMCC records strongest performance in 5 years attracting 2025 companies to Dubai

Ahmed Bin Sulayem, Executive Chairman and Chief Executive Officer, DMCC, said: "2020 was a year like no other, with the COVID-19 pandemic impacting every society, business and country. Despite the countless challenges at our doorstep, the UAE's visionary leadership and prompt and decisive actions meant that our economy remained resilient throughout. DMCC's strong performance, which saw 2025 companies set up in our Free Zone during a global crisis, is a clear indication that the UAE and Dubai remain the chosen place to do business. We know that 2021 will not be without its obstacles, but we are optimistic about our growth trajectory and our continued ability to attract foreign direct investment to the Emirate.“Ecosystem of choiceThe record-breaking number of new company registrations is also the result of significant enhancements to DMCC's customer service, its simplified and fully digitalised set up processes and easier onboarding. By providing customers a seamless, digital company set-up experience, and significant focus on digital marketing, the Free Zone has seen more than a 50% drop in walk-ins and physical visits, with existing and new members preferring to conduct their transactions online. 95% of new companies in the Free Zone start their journey with DMCC digitally. In