DMCC Sees 25% Annual Growth in Chinese Companies Following Successful Trade Roadshows in Hong Kong and Shanghai
DMCC, the flagship free zone and government authority for commodities trade in Dubai, has announced a significant surge in the number of Chinese member companies joining the organization. According to new figures, DMCC is now home to over 14% of the estimated 6,000 Chinese businesses operating in the UAE.
In 2023, DMCC saw an impressive increase of almost 25% in the registration of Chinese companies, with a total of 852 new entrants. This growth further solidifies DMCC’s position as a key hub for Chinese businesses, particularly in sectors such as technology and precious metals.
To continue attracting Chinese companies to Dubai, DMCC recently held three successful events in Hong Kong and Shanghai as part of its Made for Trade Live roadshow. These events were in response to the growing interest and appeal of DMCC among the Chinese business community, evident in the year-on-year increase in new Chinese member companies.
China is the UAE’s largest non-oil trading partner, making DMCC optimistic about the potential for further collaboration and opportunities for Chinese businesses to expand into global markets through Dubai.
Ahmed Bin Sulayem, Executive Chairman and CEO of DMCC, highlighted the consistent growth in Chinese companies joining the organization and expressed the aim to enhance the services offered to Chinese businesses and promote trade and investment flows.
His Excellency Muhannad Sulaiman Al Naqbi, Consul General of the UAE in Shanghai, emphasized the significance of the collaborative efforts between the UAE and Shanghai to boost bilateral trade and strengthen the global trade landscape.
The three events organized by DMCC attracted close to 500 Chinese executives and were held in partnership with various organizations, highlighting the vast opportunities available through DMCC’s business ecosystems.
Through its Made for Trade Live roadshows, DMCC strives to showcase Dubai as a premier business destination and attract foreign direct investment to the emirate.
As a hub for commodities trade and enterprise, DMCC’s headquarters in Dubai play a pivotal role in supporting the growth and development of the city’s global trade position.
Analyst comment
Positive news. The increasing number of Chinese companies joining DMCC in Dubai suggests a strong growth potential for the market. The successful trade roadshows in Hong Kong and Shanghai further indicate a growing interest in DMCC among the Chinese business community. This is likely to result in increased trade and investment flows between China and Dubai, solidifying Dubai’s position as a premier business destination.
