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Thursday, April 25, 2024 4:30 GMT
Dubai Multi Commodities Center has been named the Global Free Zone of the Year 2022 by the Financial Times specialist editorial team and independent judges. It is the eighth consecutive year that the Financial Times fDi Magazine has recognized Dubai’s authority on commodities trade and enterprise, the statement added.Award winners are selected based on a comprehensive set of criteria and a review of the free zones’ ecosystems. Criteria used in making judgments this year included the effectiveness of each free zone’s ecosystems, business and marketing strategies, infrastructure improvements, and COVID-19 response, the statement said.This year, the DMCC won several awards, including Large Tenant Free Zone of the Year — Global; Large Tenant Free Zone of the Year — Middle East; Middle East Free Zone of the Year; Middle East SME Free Zone of the Year; Global Excellence Award for Environmental, Social, and Governance Practices; and Global Excellence Award for Infrastructure Development.Executive Chairman and CEO of DMCC Ahmed Bin Sulayem said: “Since DMCC was established in 2002, we have had two core goals – create a global gateway for trade, and comprehensively enhance the ease of doing business for our member companies.”