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DMCC reports 9% growth in membership

news agency wam , 25 Jul 2024 - 17:51

The Dubai Multi Commodity Center (DMCC) has announced that it has seen a 9% growth in attracting its companies from China in the first half of 2024.


According to Amac News: DMCC said that a 9 percent growth will bring the total number of Chinese members in the region to 900 people.
The announcement comes as DMCC wraps up its latest Made for Trade Live roadshow in Shanghai and Shenzhen – the second in China in 2024.
The DMCC highlighted new business opportunities between the UAE and China, with bilateral trade set to reach $200 billion by 2030.
DMCC's Future of Trade report also found significant opportunities for the UAE and China to cooperate more closely on technology and environmentally friendly technologies (EST).
China is the number one exporter of green technologies and other environmental exports and a world leader in sales of critical raw materials such as graphite and goods such as electric vehicles (EVs) and solar panels.
More than 550 business leaders were briefed on the report's findings and the benefits for Chinese businesses to expand their operations through Dubai.
DMCC executives emphasized that the UAE's advanced business infrastructure, supportive economic policies and dedicated business ecosystems for high-growth areas in DMCC have led to this area becoming 15% of the 6,000 Chinese businesses in the UAE.
 


Story Code: 1100

News Link :
https://www.amacnews.com/en/news/1100/dmcc-reports-9-growth-in-membership

AMAC
  https://www.amacnews.com