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The Dubai Multi Commodities Centre (DMCC) has announced a doubling of the number of Chinese companies in its free zone, adding on average more than two Chinese companies per week.
Today, DMCC has 703 Chinese companies, accounting for nearly 12% of Chinese companies in the UAE. This growth has benefited from the long-standing diplomatic and economic relationship between the UAE and China.
DMCC has played a vital role in strengthening the UAE’s trade relations with China and strengthening the presence of Chinese companies in Dubai. Since its inception, DMCC has signed a wide range of agreements with Chinese public and private entities to facilitate bilateral trade relations, as well as hosting roadshows and webinars to facilitate the international expansion of Chinese companies.
comprehensive infrastructure
DMCC has built a comprehensive infrastructure that caters to the Chinese business community, including the Yingtian China Business Centre DMCC established in 2017 to help Chinese companies wishing to set up companies in Dubai. In addition, DMCC’s website has also been launched in Chinese, further enhancing the ease of doing business in Dubai. In 2020, the China Service Center opened in Almas Tower, DMCC’s headquarters, offering Mandarin on-boarding support at all customer touchpoints, while setting up a representative office in Shenzhen to bring DMCC to the door of Chinese businesses.
Ahmed Bin Sulayem, Executive Chairman and CEO of DMCC, said: “China has always been an important market for DMCC. It is Asia’s largest economy, the world’s second largest economy, and the UAE’s largest trading partner. There are more than 6,000 Chinese companies in the UAE. , DMCC is proud to be home to 12% of them. Combined with DMCC’s leading business ecosystem, infrastructure and facilities, Dubai’s strategic location provides us with a significant competitive advantage in supporting the international expansion of Chinese businesses.”
Li Jian, general manager of Dongfang Electric International, a member company of DMCC in China, said: “The superior geographical location, developed social and economic infrastructure and friendly business environment have created DMCC’s strong competitiveness. In the process of setting up a branch of DMCC, we I feel that the fully digital registration process is simple and effective. The DMCC team assisted us in a timely manner and provided professional and efficient support. The successful registration and operation of the DMCC branch of Dongfang Electric International will continue to help our business thrive in the Middle East and surrounding areas.”
growth and development
Tang Yuhua, President of POWERCHINA Middle East and North Africa, said: “PowerChina was registered with DMCC in 2013. In the past ten years, we have witnessed the growth and development of DMCC. The team has a thorough understanding of corporate needs and actively supports us to achieve a global vision. The digital platform provides a one-stop shop for everything from business licensing to people management, which is valuable to our business operations.”
Jason Ou, President of Hisense Middle East and Africa, said: “A presence in DMCC presents countless opportunities and expansion prospects. DMCC supports Hisense, a global enterprise with regional headquarters in DMCC, for its business growth plans and regional development. DMCC’s The intelligent platform and integrated infrastructure provide a superior business ecosystem. Plus, its prime location close to the heart of Dubai makes it ideal for today’s demanding businesses. We are satisfied with DMCC’s service and support.”
Hikvision, a member company of DMCC, said: “We established our brand in DMCC in 2016 and benefited from the friendly business atmosphere and high standard of service provided by DMCC. DMCC’s exclusive online platform makes business operations more efficient. Efficient and convenient; inquiries about company and employee services are always handled promptly. In addition, the DMCC team has demonstrated the highest level of professionalism with a friendly attitude and eagerness to address member company concerns.”
largest trading partner
The UAE and China have historically enjoyed good diplomatic and economic relations, working closely together to achieve common goals and principles. The UAE is China’s largest trading partner in the Arab world. In 2021, China is also the UAE’s largest trading partner, accounting for 11.7% of the UAE’s total foreign trade. An increase of 19.8%. In the first quarter of 2022, China remained the UAE’s largest trading partner, with bilateral trade between the two countries amounting to AED57 billion. By 2030, trade is expected to expand to $200 billion.
Part of the reason for this accelerated growth is that the UAE was one of the first countries to join the Belt and Road Initiative and Comprehensive Strategic Partnership. As a result, the UAE is now China’s largest logistics hub in the Middle East, with more than 60% of China’s trade in the region now transiting through the UAE. — arab trade news agency
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