DMCC gets keen interest from European entities
The Dubai Multi Commodities Centre (DMCC) said it is witnessing increasing interest from companies in Europe as its business district continues to swell with over 19,000 members.
The free zone received a positive response from several European business firms during a DMCC delegation’s four-country road show aimed at attracting foreign direct investment and bolstering collaboration with key counterparts. The free zone signed two memoranda of understanding during the tour designed to showcase the ease of doing business in the UAE.
The delegation, led by DMCC executive chairman and CEO Ahmed bin Sulayem, held road shows in Spain, Monaco, Belgium and the Netherlands and had meetings with strategic partners.
“This roadshow forms an integral part of the DMCC’S ongoing strategy to engage with key markets and stakeholders in line with our mandate of attracting innovators, investors, entrepreneurs and business leaders to Dubai. We are thrilled to have had the opportunity to be on the ground to showcase
the potential Dubai and the DMCC offer,” said Bin Sulayem.
“While our business district continues to grow, with now over 19,000 members, we are seeing increasing and sustained interest from European markets. Through the two partnerships we signed, we are confident that our trade ties will strengthen further and we will be unlocking a host of mutually beneficial opportunities,” he said.
The DMCC team met Jean Castellini, Monaco’s Minister of Finance and Economy, during the visit to the city to discuss boosting Dubai-monaco trade opportunities. In Spain, the DMCC signed an
agreement with Fomento del Trabajo Nacional, the main employer organisation in Cataluña, to further develop the existing relationship between the two parties and showcase the commercial appeal of Dubai to firms in the region.
“We have collaborated with the DMCC on several occasions and decided to formalise our relationship through this agreement based on our shared goals. The DMCC’S ecosystem offers great value-add to the host of Spanish businesses looking to reach new global markets. We see tremendous potential through this collaboration and we very much look forward to what the future holds,” said David Tornos, general secretary of Fomento del Trabajo Nacional.
The second MOU was signed with Rotterdam Partners, an investment and promotion agency in the Netherlands, to cooperate on matters of mutual interest and benefit. The MOU was signed in the presence of the Rotterdam Mayor Ahmed Aboutaleb.
Wilbert Lek, managing director of Rotterdam Partners, said Dubai and Rotterdam have a lot in common, foremost a passion for innovation. “Through our collaboration with the DMCC, we will offer Dutch companies the opportunity to explore a thriving business and commercial hub in Dubai and we are looking forward to welcoming companies from the Emirates to Rotterdam.”
The DMCC team also travelled to Belgian city of Antwerp to meet with various diamantaires and discuss possible routes of collaboration to drive growth in the international diamond industry. In Barcelona, the DMCC hosted its flagship Made for Trade Live event, in partnership with the UAE General Consulate in Barcelona, Fomento del Trabajo Nacional and Banco Sabadell.