DMCC kicks off 2024 global trade roadshow in London, highlights 10% growth of British companies as part of uae-uk trade and investment drive

DMCC kicks off 2024 global trade roadshow in London, highlights 10% growth of British companies as part of uae-uk trade and investment drive

DMCC – the world’s flagship free zone and Government of Dubai Authority on commodities trade and enterprise – affirmed its goal of attracting greater levels of foreign direct investment (FDI) from the United Kingdom during the ninth edition of its global trade roadshow, Made For Trade Live, in London.
 
UK-UAE bilateral trade grew 47.3% year-on-year to reach GBP 25.5 billion (AED 119 billion) in the four quarters to the end of Q2 2023 whilst DMCC presented a range of other growth opportunities for British businesses to set up in Dubai and tap into some of the world’s fastest growing markets.
 
Over 200 British companies joined DMCC’s business district in 2023 alone, taking the total to 2,080, and representing a 10% year-on-year growth.
 
Ahmed Bin Sulayem, Executive Chairman and Chief Executive Officer, DMCC, said: “In the past 12 months we have continued to enhance DMCC’s value proposition, driving major structural changes to the business district and attracting new levels of FDI to Dubai. With an intake of 2,700 new companies last year, including 200 British companies, we have seen strong growth across our ecosystems and in particular in our crypto and gaming centres, whilst a new DMCC AI Centre is due to launch imminently.