DMCC welcomes 805 new companies in first half of 2020 and strengthens ties with China and tech

  • Date: 02-Jul-2020
  • Source: Emirates 24/7
  • Sector:Economy
  • Country:UAE
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DMCC welcomes 805 new companies in first half of 2020 and strengthens ties with China and tech

DMCC - the world's flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise - Wednesday announced that 805 new member companies joined the business district in the first half of 2020, highlighting the Free Zone's continued appeal for ease of doing business.

In June, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, visited the DMCC Coffee and Tea Centres. During his tour of the two facilities, His Highness stressed that the UAE's world-class infrastructure, robust economy, and resilience in the face of challenges give it the ability to rapidly achieve its strategic goals and aspirations for progress and prosperity.

Despite a softer business climate, the months of May and June saw a noticeable uptick in new company registrations on par with previous years. Specifically, DMCC noted a strong uptake of company registrations from China, ahead of plan.

To support businesses navigate the challenges posed by COVID-19, DMCC rolled out its largest ever commercial campaign, the Business Support Package, in March. The campaign, aimed at supporting new and existing businesses showcases that DMCC continues to be the chosen hub for businesses. In light of the strong appetite and positive reactions from