Swiss, British Firms Flock to Dubai's DMCC, Boosting Trade and Tech Hub Status
Swiss and British businesses are flocking to Dubai, with a significant increase in companies choosing DMCC as their base. The Swiss presence has nearly doubled to almost 450 firms, while British companies have surged to nearly 2,200. This growth reflects a 120% boost in UAE-Swiss non-oil trade and a 10% rise in Swiss and British companies in DMCC over the past year.
DMCC's influence is evident in its sponsorship of Switzerland's CV Summit and its recent European tour focusing on technology, innovation, and sustainability. The hub's expansion demonstrates Dubai's growing appeal as a global trade and tech hub. DMCC's Executive Chairman, Ahmed Bin Sulayem, highlights the hub's role in providing global reach and scalable platforms for tech companies.
DMCC's growth is not just in numbers but also in impact. It contributes 15% of Dubai's annual FDI inflows and 7% of its GDP, driving growth and fostering innovation. With nearly 26,000 member companies from over 180 countries, DMCC is a testament to Dubai's global connectivity and business-friendly environment.
The surge in Swiss and British companies choosing DMCC reflects Dubai's growing appeal as a global business hub. With its focus on technology, innovation, and sustainability, DMCC continues to drive Dubai's economic growth and strengthen its global partnerships.
