Daily Archives: January 12, 2020

DMCC attracts 1,969 new companies to Dubai in 2019

DUBAI, DMCC – the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise – registered 1,969 new companies in 2019, a signal of strong investor confidence in Dubai and the Authority’s position as one of the world’s most interconnected business districts.

DMCC finished 2019 with the strongest Q4 registrations in four years. A total of 559 companies signed-up to the Free Zone in the fourth quarter, a 20% increase on the same period in 2018. This follows the registration of 202 new member companies in October 2019, the highest figure in a single month for two years. Overall, registrations grew 5.4% year-on-year.

“DMCC is a global hub for trade and an interconnected business district in the heart of Dubai. We added 2000 companies from a variety of backgrounds and sectors in 2019, and are now home to over 17,000 companies. The strong 2019 performance is the result of us listening to our member companies, constantly enhancing our services and broadening our engagement with business communities around the world,” Ahmed Bin Sulayem, Executive Chairman and Chief Executive Officer, DMCC.

“DMCC continues to attract foreign direct investment to Dubai from key international markets including China and India. We look forward to welcoming more companies in 2020 and in turn, increasing our contribution to Dubai’s GDP and the wider national economic diversification strategy,” he added.

The new member companies include start-ups, SMEs and multinational firms from a variety of sectors, adding to the diverse business ecosystem DMCC has built within its Jumeirah Lakes Towers (JLT) community. Over 100,000 people live, work and thrive in JLT, where everyday lives are transformed by DMCC’s smart district solutions.

DMCC’s approach to attracting foreign direct investment to Dubai is in line with the eight principles of the Fifty-Year Charter announced in 2019 by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai.

Source: Emirates News Agency

Ruler of Umm Al Qaiwain congratulates new Sultan of Oman

UMM AL QAIWAIN, H.H. Sheikh Saud bin Rashid Al Mu’alla, Supreme Council Member and Ruler of Umm Al Qaiwain, has sent a message of congratulations to Sultan Haitham bin Tariq Al Said who was sworn-in as the Sultan of Oman on Saturday.

H.H. Sheikh Rashid bin Saud bin Rashid Al Mu’alla, Crown Prince of Umm Al Qaiwain, also sent a congratulatory message to the Sultan, on the occasion.

Source: Emirates News Agency

Sharjah Ruler congratulates new Oman Sultan

SHARJAH, H.H. Dr. Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, has sent a message of congratulations to Sultan Haitham bin Tariq Al Said who was sworn-in on Saturday as the Sultan of Oman.

In his message, H.H. Dr. Sheikh Sultan expressed his best wishes to the Sultan, extending his warmest congratulations to the people of Oman.

Source: Emirates News Agency

Fujairah Ruler congratulates Haitham bin Tariq Al Said for his coronation as Sultan of Oman

FUJAIRAH, H.H. Sheikh Hamad bin Mohammed Al Sharqi, Supreme Council Member and Ruler of Fujairah, has sent a message of congratulations to Sultan Haitham bin Tariq Al Said who was sworn-in on Saturday as the Sultan of Oman.

H.H. Sheikh Mohammed bin Hamad bin Mohammed Al Sharqi, Crown Prince of Fujairah, also sent a congratulatory message to the Sultan.

Source: Emirates News Agency