DMCC now hosts approximately 15 percent of the estimated 6,000 Chinese businesses and companies operating in the UAE
The Dubai Multi Commodities Center (DMCC) has reported a 9 percent increase in its Chinese company memberships during the first half of 2024, bringing the total number of Chinese members in the free zone to 900. This announcement coincided with the conclusion of DMCC‘s latest Made For Trade Live roadshow in Shanghai and Shenzhen.
DMCC emphasized emerging commercial opportunities between the UAE and China, highlighting projections that bilateral trade could reach $200 billion by 2030. The surge in Chinese memberships is attributed to the growing influence of the new regional trade bloc, BRICS+, as global trade models pivot towards friendship-focused partnerships over traditional globalization.
UAE-China Partnership Prospects
The Future of Trade 2024 report by the free zone also identifies substantial opportunities for the UAE and China to enhance collaboration in technology and environmentally sustainable technologies (ESTs). China, a leading exporter of green technologies and critical raw materials like graphite, as well as products such as electric vehicles (EVs) and solar panels, plays a pivotal global role.
Both the UAE and China rank among the top 10 importers of ESTs worldwide by value, highlighting the growing strategic significance of their bilateral relations in advancing the global sustainability agenda. As key players in the shift towards sustainability, these hubs are poised to lead in sectors critical for global environmental initiatives.
DMCC has notably become the base for approximately 15 percent of the estimated 6,000 Chinese businesses and companies operating in the UAE.
“We expect to see these numbers increase in the coming years as the UAE and China strengthen their commercial networks and capitalize on the vast opportunities available in high-growth sectors such as technology, services, and sustainability,” stated Ahmed Bin Sulayem, Executive Chairman and CEO of DMCC.
DMCC’s Roadshows Drive Growth
DMCC’s Made For Trade Live (MFTL) roadshows significantly promote Dubai as a premier business hub. In March, the free zone continued to attract Chinese businesses with events held in Hong Kong and Shanghai. At these events, DMCC reported a 25 percent year-on-year increase in new Chinese member companies in 2023.
The MFTL series underscores Dubai’s distinctive advantages in attracting foreign direct investment (FDI) to the emirate. DMCC currently contributes 15 percent to Dubai’s annual FDI inflows.
Set Up Your DMCC Business with Solutions FZCO
Contact Solutions FZCO and let’s begin your company formation today! Experience a seamless company registration process & set a solid foundation for your dreams.
