DMCC – the world’s flagship free zone and Government of Dubai Authority on commodities trade and enterprise – has been named ‘Global Free Zone of the Year 2023’ by the Financial Times’ FDI Magazine for a record ninth consecutive year.
A total of 69 nominees were assessed against a comprehensive set of criteria, updated this year to increase scope and difficulty, by the Financial Times’ editorial team and a panel of independent judges, making the award one of the most prestigious accolades that a free zone can earn.
The central methodology of the assessment focused on understanding the strength of the investment environments and the company expansion prospects that the free zone enables. Given its core focus on increasing the ease of doing business and the fact that DMCC contributes towards 11% of Dubai’s foreign direct investment (FDI), DMCC scored particularly highly in these two areas.
Aruna Gaitonde, Editor in Chief of the Asian Bureau, Rough & Polished
