FINANCIAL NEWS

Dubai’s DMCC registers 975 new firms in H1

08 Aug 2012

(MENAFN) The Dubai Multi Commodities Centre Authority (DMCC) reported 60 percent increase in new companies during the first half of 2012 year-on-year, Arabian Business reported.

The licensing authority for the Jumeirah Lakes Towers Free Zone said that 975 new companies have registered in the JLT Free Zone, bringing the total number of businesses operating there to over 4,600.

DMCC said that the JLT Free Zone was continuing to expand with 61 towers now completed and five more are expected to be completed by the end of 2012.

There are now more than 120 retail outlets servicing the 50,000 individuals working and living in the JLT Free Zone, the authority added.

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