DMCC Reports 11% Growth in Turkish Companies, Concludes Istanbul Roadshow

• DMCC announces a emergence of 11% successful Turkish companies joining its planetary concern territory year-on-year, taking its full to implicit 640
• This follows implicit USD 20 cardinal successful bilateral commercialized betwixt the UAE and Türkiye successful 2023, a  rise of 107% connected the erstwhile twelvemonth driven by the CEPA signed successful March 2023
• Announcement made during Made For Trade Live roadshow successful Istanbul wherever DMCC briefed 150 Turkish concern leaders connected the commercialized and commercialized opportunities successful Dubai

DMCC – the starring planetary concern territory that drives the travel of planetary commercialized done Dubai – has announced a emergence of 11% year-on-year successful Turkish companies joining its planetary concern district. The summation brings the full fig of Turkish subordinate companies successful DMCC to 643. 

This announcement was made during the latest variation of DMCC’s Made For Trade Live roadshow successful Istanbul, which took spot against a backdrop of booming commercialized and concern betwixt the UAE and Türkiye. In the archetypal fractional of 2024, commercialized betwixt the 2 countries roseate by 15%, pursuing a surge of 107% successful 2023, driven by the landmark Comprehensive Economic Partnership Agreement (CEPA) signed successful March 2023. Türkiye has present emerged arsenic the fastest-growing spouse among the UAE’s apical 10 planetary trading partners.

At the event, Turkish companies were introduced to the commercialized and concern opportunities disposable done Dubai and DMCC, highlighting the infrastructure and commercialized facilitation arrangements made imaginable nether the CEPA. Special absorption was placed connected industries with heightened worth for bilateral growth, specified arsenic precious metals and stones, jewellery, energy, and Web3 technologies and services, wherever DMCC offers tailored ecosystems and infrastructure to enactment growth.

His Excellency Dr Hamad Buamim, Chairman of the Board, DMCC, said: "The UAE-Türkiye commercialized narration has entered a caller epoch of growth, which is reflected successful the coagulated 11% emergence successful Turkish companies joining DMCC successful the past year. The opening of our archetypal typical bureau successful Istanbul 12 months agone is simply a testament to the worth we spot successful this narration and the important commercialized imaginable inactive to beryllium tapped into nether the CEPA. With implicit 640 Turkish companies wrong our planetary concern district, we expect this fig to turn considerably successful the coming years arsenic we proceed to solidify our commercialized corridor, grow our concern connectivity, and physique the ecosystems that Turkish companies request to turn globally from Dubai."

The Made For Trade Live lawsuit was held successful collaboration with Tamimi Consulting and briefed 150 Turkish concern leaders connected the opportunities for maturation done DMCC. The lawsuit underscored Dubai’s worth proposition arsenic a business-friendly destination and highlighted the easiness of mounting up and expanding operations done DMCC, 1 of the astir interconnected concern districts successful the world.

DMCC’s planetary roadshow bid is simply a cardinal inaugural successful showcasing Dubai arsenic a starring destination for overseas nonstop concern (FDI). The planetary concern territory contributes 15% to Dubai’s yearly FDI inflows. In 2023, DMCC recorded its second-best twelvemonth ever, welcoming astir 2,700 caller companies. Today, it is location to astir 25,000 businesses from astir the world.

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