Photo : Dubai government media office
DMCC, Dubai's leading international business hub, has reported an 11% increase in the number of Turkish companies joining its business district over the past year. This growth brings the total number of Turkish member companies in DMCC to 643, reflecting the strong trade ties and collaboration between the UAE and Türkiye. The announcement was made during DMCC’s recent "Made For Trade Live" roadshow event in Istanbul, which coincided with a surge in trade and investment between the two nations.
Stay informed with the latest news. Follow DXB News Network on WhatsApp Channel
In the first half of 2024, trade between the UAE and Türkiye grew by 15%, following an impressive 107% increase in 2023. This surge is largely attributed to the landmark Comprehensive Economic Partnership Agreement (CEPA) signed in March 2023, which has positioned Türkiye as the fastest-growing partner among the UAE’s top 10 global trading partners.
The event introduced Turkish companies to the vast opportunities available through DMCC and Dubai, particularly in industries like precious metals, jewelry, energy, and emerging Web3 technologies. The infrastructure and trade facilitation provided under the CEPA were highlighted as key enablers for Turkish businesses to expand their operations and connect with global markets through Dubai. DMCC’s specialized ecosystems and tailored support in these industries were also a focal point of the discussions.
His Excellency Dr. Hamad Buamim, Chairman of the Board at DMCC, remarked on the significance of the growing UAE-Türkiye trade relationship, which is driving Turkish businesses to join DMCC. He noted the successful opening of DMCC’s first representative office in Istanbul a year ago, emphasizing the continued potential for growth between the two countries under the CEPA. He expressed confidence that the number of Turkish companies in DMCC would continue to rise, reinforcing the trade corridor and expanding business connectivity.
The "Made For Trade Live" event, held in collaboration with Tamimi Consulting, attracted 150 Turkish business leaders and underscored Dubai's appeal as a business-friendly destination. The event also showcased how DMCC facilitates ease of setup and business expansion, offering one of the world’s most interconnected business environments.
DMCC’s global roadshow series plays a vital role in promoting Dubai as a leading hub for foreign direct investment (FDI). DMCC, which currently hosts nearly 25,000 businesses, contributes 15% to Dubai's annual FDI inflows. In 2023, the free zone recorded its second-best year ever, attracting nearly 2,700 new companies, further solidifying its position as a global trade and business center.
#trending #latest #DMCC #TurkishBusiness #DubaiTrade #UAETürkiyePartnership #GlobalTrade #FDI #BusinessGrowth #CEPA #MadeForTrade #DubaiEconomy #TradeOpportunities #EmergingMarkets #BusinessExpansion #Web3 #PreciousMetals #headlines #topstories #globalUpdate #dxbnewsnetwork #dxbnews #dxbdnn #dxbnewsnetworkdnn #bestnewschanneldubai #bestnewschannelUAE #bestnewschannelabudhabi #bestnewschannelajman #bestnewschannelofdubai #popularnewschanneldubai
Prime Minister Mostafa Madbouly, representing President El Sisi, has headed to Baku, Azerbaijan, to participate in the COP 29 Climate Summit...Read More.
Sayr offers a convenient, efficient system for planning public trips, allowing users to reach destinations using multiple transportation options tailored to the...Read More.
The meeting highlights the UAE's commitment to enhancing collaboration with global fintech leaders t
A convoy of 27 trucks, carrying 192 tonnes of relief supplies, departs from Dubai to assist conflict
Billionaire Elon Musk predicts Canadian Prime Minister Justin Trudeau's defeat in the upcoming feder
Former PM Kevin Rudd called Trump "Most Destructive President" as head of US think tank.
PM Anthony Albanese announced new laws to ban social media for children under 16, to be introduced i
Egypt’s PM to Attend COP 29 Conference in Azerbaijan
Prime Minister Mostafa Madbouly, representing President El Sisi, has headed to Baku, Azerbaijan, to participate in the COP 29 Climate Summit
Ras Al Khaimah Transport Authority Launches "Sayr" Mobility Platform
Sayr offers a convenient, efficient system for planning public trips, allowing users to reach destinations using multiple transportation options tailored to the
Grand Mufti Hosts Kazakh Students from Islamic University of Madinah
Grand Mufti of Saudi Arabia Sheikh Abdulaziz bin Abdullah Al-Sheikh welcomed a delegation of Kazakh students from the Islamic University of Madinah today
Egypt Highlights Investment and Trade Opportunities in Africa
He emphasized the significance of the African Continental Free Trade Agreement, signed during Egypt's AU presidency, marking a crucial step toward regional inte
Explore UAE's Rich History and Heritage: A Deep Dive into Its Cultural Roots
Explore the UAE's rich history and heritage through time and culture.
Hamdan bin Mohammed approves construction of Dubai’s first aerial taxi vertiport
The initiative aims to make Dubai the world’s first city to provide urban aerial transport with an advanced aerial taxi take-off and landing network
Saudi Pavilion Officially Inaugurated at Airshow China 2024
The Saudi pavilion was officially launched at Airshow China 2024, one of the world's largest aviation events, held in Zhuhai, China from November 12 to 17
Egypt Jumps 22 Spots in 2024 Global Youth Development Index Rankings
Egypt has climbed 22 places in the 2024 Global Youth Development Index, ranking 99th out of 183 countries with a score of 0.733
The UAE's Bold Investments in Space Exploration: A New Era of Cosmic Discovery
UAE bold space investments are shaping the future of exploration
Sheikh Mansour bin Zayed Award for Agricultural Excellence at Zayed Festival
Under the theme "Innovative Farmers and Breeders with a Sustainable Vision," the Sheikh Mansour bin Zayed Award for Agricultural Excellence will return to the S
© DNN. All Rights Reserved.