Mar 08, 2024 08:46 PM

BUSINESS

Dubai Free Trade Zone Attracts 25% More Chinese Companies

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What’s new: By the end of 2023, the Dubai Multi Commodities Centre (DMCC), the largest free-trade zone in the United Arab Emirates, hosted a total of 852 Chinese companies, up almost 25% from the previous year, the latest DMCC data showed.

The data, issued on Monday, came after the conclusion of three investor roadshows conducted by the DMCC in China, with the center’s executive chairman and chief executive Ahmed Bin Sulayem highlighting in a statement the “consistent 25% growth in Chinese companies joining DMCC” for the past two years.

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