|The United Arab Emirates' Dubai Multi Commodities Centre (DMCC) has been named ‘Global Free Zone of the Year' 2016 by The Financial Times fDi Magazine, for the second year in a row.
fDi praised the DMCC's wide range of facilities and developments catering to a large variety of industries and sectors, as well as the future development plans for a smart city. fDi also noted the ease of online access to all DMCC's services, allowing investors to log in through any device, from anywhere; the DMCC Business Directory, which enables all members to connect with each other to exchange goods and services; and an e-procurement portal allowing companies to participate in tenders by or for the zone.
fDi also highlighted the short turn-around time for setting up a business in the zone - just 15 days - with all documents digital, so investors can obtain the relevant paperwork in a matter of hours.
Commenting on the annual survey result, fDi Magazine's Editor-in-Chief Courtney Fingar says: "The high quality of entries received for our Global Free Zones of the Year awards makes for an extremely competitive field, and choosing winners is difficult. However, DMCC once again stood out for its all-around excellence, increasing numbers of member companies, growth prospects and its well communicated offering to companies of varying sizes and sectors from all across the world. These are some of many reasons why we are pleased to name DMCC our Global Free Zone of the Year for 2016."fDi's annual Global Free Zone Awards are considered the most prestigious free zone ranking in the world. A panel of judges from fDi is appointed to study each location and nominate their winning and runner-up free zones in each region.