Dubai records over AED1.8 bn in realty transactions Tuesday

DUBAI, 3rd October, 2022 (WAM) — DMCC – the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise – has been named Global Free Zone of the Year 2022 by the Financial Times’ fDi Magazine for the eighth consecutive year. The award, among the most prestigious of accolades a free zone can earn, is decided by the Financial Times Specialist editorial team and a panel of independent judges against a comprehensive set of criteria and a review of the free zones’ ecosystems. The methodology focuses on metrics that demonstrate core growth of the free zones, both in terms of the increase in small and large tenants, and how effectively each free zone provides ecosystems and related initiatives that support growth, business and marketing strategy, infrastructure improvements, COVID-response and promotion of sustainability. Reflecting the leading business district and trade hub that DMCC has created for businesses of all sizes, as well as its central focus on sustainability and social impact, DMCC also received: Large Tenant Free Zone of the Year – Global; Large Tenant Free Zone of the year – Middle East; Middle East Free Zone of the Year; SME Free Zone of the Year – Middle East; Excellence Award for ESG Practices – Global; and Excellence Award for Infrastructure Development – Global. Ahmed bin Sulayem, Executive Chairman and Chief Executive Officer, DMCC, said, “Since DMCC was established in 2002, we have had two core goals – create a global gateway for trade, and comprehensively enhance the ease of doing business for our member companies. This simple yet critical strategy has underpinned our exceptional growth and is why our business district is now home to over 21,000 global businesses of all sizes and sectors. “As we continue to accelerate our growth and break performance records across all our business verticals, I would like to thank Financial Times’ fDI Magazine for once again recognising DMCC’s achievements on the global stage.”