Dubai Multi Commodities Centre (DMCC) has reported a 13% increase in the number of Singaporean businesses establishing a presence within its international business district over the past year.
This development was revealed during DMCC’s inaugural roadshow held in Singapore, aimed at strengthening business ties and encouraging firms from the region to expand operations in Dubai, as detailed in a press release.
To support this initiative, DMCC has entered into a strategic partnership with Hawksford, a global provider of business services, to simplify the process of setting up companies within its zone.
Under the agreement, Hawksford will offer guidance on company formation, along with accounting and tax support, with a particular focus on attracting enterprises from the technology, innovation, and sustainability sectors.
Ahmed bin Sulayem, Executive Chairman and CEO of DMCC, commented: “Our first in-person Made For Trade Live roadshow in Singapore coincides with growing collaboration between our countries, highlighted by bilateral trade reaching $18.70 billion last year.”
He further stated: “This positive trend is reflected in the 13% rise in Singaporean firms joining DMCC in the past year, bringing their total to nearly 400 — representing more than half of all Singaporean businesses currently operating in the UAE.”
The CEO also noted: “As our partnership progresses, our agreement with Hawksford as our on-ground partner will further cement DMCC’s status as the preferred business hub for Singaporean companies seeking global growth through Dubai.”
Today, DMCC hosts over 25,000 companies from 180 different nations, encompassing a wide range of industries and sectors.
