DMCC opens Shenzhen office to attract more Chinese firms to Dubai

WAM

The world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise, DMCC, has announced the official opening of a representative office in Shenzhen, China.

The move is in partnership with Yingtian Global, an award-winning Corporate Service Provider.

It has supported the expansion of more than 300 Chinese businesses in the MENA region.

DMCC has developed a dedicated website for the office offering fast information access to help Chinese firms.

It will also provide advisory and consulting services in a common language, a convenient time zone and provide a host of services such as signature witnessing and document verification.

Having a physical presence in the southeastern city will bring DMCC to the doorstep of Chinese businesses and offer a simpler route to set up in Dubai without the need to travel. 

China remains Dubai’s largest trading partner with AED 66.4 billion worth of trade in the first half of 2020.

DMCC is already home to 544 Chinese companies, equalling almost 10 per cent of all Chinese businesses registered in the UAE.

Ahmad Hamza, Executive Director – Free Zone, DMCC, said, "China has always been an important market for Dubai and DMCC, and we have played a main role in developing the bilateral trade relations over the years. Sitting at the crossroads of the world, DMCC is eager to support Chinese businesses establish a foothold in the Middle East and beyond."

Li Feng, General Manager of China Business Centre DMCC, Yingtian Global, added, "We look forward to closely cooperating with DMCC to explore and introduce more opportunities and together, help write the next chapter of the UAE and China story."

More from Business News

  • UK's Jaguar Land Rover to halt US shipments over tariffs

    Jaguar Land Rover will pause shipments of its Britain-made cars to the United States for a month, it said on Saturday, as it considers how to mitigate the cost of President Donald Trump's 25% tariff.

  • US starts collecting Trump's new 10% tariff

    U.S. customs agents began collecting President Donald Trump's unilateral 10% tariff on all imports from many countries on Saturday, with higher levies on goods from 57 larger trading partners due to start next week.

  • Nasdaq set to confirm bear market as Trump tariffs trigger recession fears

    The tech-heavy Nasdaq Composite index was set to confirm it was in a bear market on Friday, down more than 20 per cent from a recent record high, as investors fled riskier assets on fears that tariffs imposed by President Donald Trump could spark a trade war and tip the global economy into recession.

  • Dana Gas and Crescent Petroleum exceed 500M boe in Khor Mor field

    UAE-based Dana Gas and Crescent Petroleum, alongside their partners in the Pearl Petroleum consortium, have said the cumulative production from their Khor Mor project, the largest non-associated gas field in Iraq, has exceeded 500 million barrels of oil equivalent (boe).

Blogs