Dubai, UAE; 13 November 2013: Dubai Multi Commodities Centre Authority (DMCC) has signed a Memorandum of Understanding (MoU) with Reuters Ltd. (Thomson Reuters) to further explore cooperation between the two parties by enhancing value added products and services that benefit customers and free zone members.
Held at Almas Tower, the tallest commercial tower in the Middle East, the MoU signing ceremony was attended by DMCC and Reuters officials who discussed the terms of the new agreement, which include a range of initiatives that add value to current products and services available, with a focus on events, networking and thought leadership.
Ahmed Bin Sulayem, Executive Chairman, DMCC, said:
“Since the establishment of the DMCC Free Zone just over 10 years ago we have welcomed over 7,500 member companies from across the globe to Dubai. The terms of the MoU signed with Reuters will no doubt enable us to further innovate for the benefit of our members. Today DMCC is the largest and fastest growing free zone in the UAE due to their continuous focus on enhancing products and services that enables start-ups through to multi-nationals to succeed.
In just a few years and more so over the past couple of years DMCC has become His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai’s most successful and influential free zone”.
With 65 mixed-use commercial and residential towers and over 220 retail outlets in operation, there are currently over 75,000 people working and living within the DMCC Free Zone at Jumeirah Lakes Towers. With an average of 200 companies choosing to join DMCC each month and a 94% retention rate, DMCC also remains the UAE’s fastest growing free zone.