Dubai Multi Commodities Centre (DMCC), the world’s leading free zone and the Government of Dubai’s Authority for Commodities Trading and Enterprise, has announced a 6% increase in the number of Italian companies joining the international business district in 2024, bringing the total number to over 500.
The announcement follows the DMCC Made For Trade Live (MFTL) roadshows in Milan and Rome. The DMCC said both events, with a focus on gems, jewellery, luxury goods and fashion, highlighted “opportunities for Italian companies to expand globally through Dubai, in light of the UAE and Italy’s commitment to strengthening economic ties.”
DMCC’s latest visit to Italy follows significant growth in trade between the two countries, which has exceeded $9 billion since 2023. The two countries’ key areas of interest include energy, technology, gems, jewellery, fashion and luxury.
According to DMCC Chairman Ahmed bin Sulayem, the UAE has become Italy’s top trading partner in the region, with the relationship strengthening each year. “We currently house over 500 Italian companies in our district, who are drawn to DMCC’s value offering and a business environment that offers businessfriendly regulation, world-class infrastructure and a highly competitive 9% corporate tax rate,” he said.
DMCC’s roadshow programme plays a key role in promoting Dubai as a leading business destination. DMCC accounts for 15% of Dubai’s FDI inflows. In 2023, the business district achieved its second best year ever, welcoming almost 2,700 new companies. DMCC is currently home to around 25,000 businesses from around the world.
Hélène Tarin, Editor-in-Chief of the Asian Bureau, Rough&Polished
