Dubai Multi Commodities Centre (DMCC) has reported a 13% increase in the number of Singaporean companies joining its international business district over the past 12 months. The announcement was made during DMCC’s first in-person “Made For Trade Live” roadshow in Singapore, aimed at attracting more Singaporean businesses to Dubai.
In a move to further streamline company setup, DMCC has partnered with international business services provider Hawksford. The agreement will see Hawksford offer advisory, registration, accounting, and tax services to businesses—particularly those in the technology, innovation, and sustainability sectors—interested in establishing a presence in DMCC.
Ahmed bin Sulayem, Executive Chairman and CEO of DMCC, said: “Our first in-person Made For Trade Live roadshow in Singapore comes at a time of accelerating cooperation between our two nations, with bilateral trade reaching $18.70 billion last year.”
“This momentum is echoed by a 13% rise in Singaporean companies joining DMCC over the past 12 months, bringing the total to nearly 400, accounting for more than half of all Singaporean businesses in the UAE,” he added.
He emphasized that the new Hawksford partnership would further position DMCC as the preferred global expansion hub for Singaporean firms.
Currently, DMCC hosts over 25,000 companies from 180 countries, contributing 15% of Dubai’s annual foreign direct investment (FDI) and representing 7% of the emirate’s GDP.
