Latest news with #Hawksford
Zawya
23-05-2025
- Business
- Zawya
DMCC witnesses 13% rise in Singaporean companies
UAE: Dubai Multi Commodities Centre (DMCC) recorded a 13% growth in companies from Singapore joining its international business district in the past 12 months. The announcement was made during DMCC's first-ever roadshow on the ground in Singapore as part of its efforts to attract Singaporean businesses to Dubai, according to a press release. DMCC entered into a partnership with Hawksford, the international business services provider, to streamline company setup in its district. Hawksford will provide advisory and registration, accounting and tax support to businesses, attracting new companies to DMCC, particularly from the technology, innovation, and sustainability sectors. Ahmed bin Sulayem, Executive Chairman and CEO of DMCC, said: 'Our first in-person Made For Trade Live roadshow in Singapore comes at a time of accelerating cooperation between our two nations, with bilateral trade reaching $18.70 billion last year.' 'This momentum is echoed by a 13% rise in Singaporean companies joining DMCC over the past 12 months, bringing the total to nearly 400, accounting for more than half of all Singaporean businesses in the UAE,' he added. The CEO noted: 'As our partnership deepens, our new agreement with Hawksford as our local partner will further reinforce DMCC's position as the business district of choice for Singaporean firms seeking global expansion from Dubai.' DMCC is currently home to more than 25,000 companies from 180 countries, covering every sector and industry. The district contributes 15% of Dubai's annual foreign direct investment (FDI) inflows and represents 7% of Dubai's gross domestic product (GDP).
Gulf Today
22-05-2025
- Business
- Gulf Today
DMCC sees 13% growth in companies from Singapore
DMCC has announced growth of 13 per cent of companies from Singapore joining its international business district in the past 12 months. The figures were revealed during DMCC's first-ever roadshow on the ground in Singapore as part of its efforts to attract Singaporean business to Dubai. DMCC is now home to over half of the estimated total Singaporean businesses operating in the UAE. DMCC signed a partnership agreement with Hawksford, the international business services provider, to streamline company setup in DMCC's district. Hawksford will provide advisory and registration, accounting and tax support to businesses, attracting new companies to DMCC. Singapore represents one of DMCC's strategic target markets, with a range of opportunities across tech, commodities and trade underpinned by a deepening relationship as Singaporean firms seek efficiencies through Dubai. With nearly 400 Singaporean companies now registered in DMCC, the business district is rapidly expanding its status as a critical gateway for businesses from Southeast Asia looking to grow internationally. The event saw senior DMCC executives engage directly with over 100 Singaporean business leaders, providing tailored insights into how Dubai can serve as a launchpad for international growth and investment diversification. Ahmed Bin Sulayem, Executive Chairman and CEO of DMCC, said, 'Our first in-person Made For Trade Live roadshow in Singapore comes at a time of accelerating cooperation between our two nations, with bilateral trade reaching $18.7 billion last year.' Tommaso Barindelli, Head of Business Development at Hawksford Dubai, stated, 'This partnership marks a significant milestone for our firm and a valuable opportunity for our current and future clients.' DMCC is currently home to over 25,000 companies from 180 countries, covering every sector and industry. The district contributes 15 per cent of Dubai's annual FDI inflows and 7 per cent of Dubai's GDP. Meanwhile last month DMCC, the leading international business district that drives the flow of global trade through Dubai, has announced that over 260 Indian companies joined its international business district in the past 12 months, bringing the total number operating from its international business district to just shy of 4,000. The announcement came as part of DMCC's roadshow in India this week, featuring two major forums in the business hubs of Mumbai and Hyderabad. Increasing by 7 per cent year-on-year, Indian businesses now account for 16 per cent of DMCC's total member base. With bilateral UAE-India trade reaching over $85 billion in 2024, DMCC highlighted the significant impact of deepening relations on the regional trade landscape that has been catalysed by the Comprehensive Economic Partnership Agreement (CEPA) signed in 2022. DMCC called on Indian businesses to leverage the momentum brought by the CEPA as it sought to attract the next wave of Indian companies to Dubai. The two events convened business leaders, government officials, and industry stakeholders to explore trade and investment opportunities through DMCC, showcasing Dubai as a strategic platform for Indian businesses seeking global expansion. Ahmed Bin Sulayem, Executive Chairman and Chief Executive Officer, DMCC, said, 'The UAE-India relationship is entering a defining new phase, underscored by the recent historic visit of Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, and Minister of Defence, to India. With bilateral trade now exceeding $85 billion, this next chapter will be defined by rapid expansion across strategic sectors – including investment, services, infrastructure, technology and food security – as we build out a new model for inter-regional collaboration and commercial opportunities.' He added, 'As our trade partnership deepens, we will continue to expand the value offering of our ecosystems aligned to India's strengths in physical commodities, high-value services, and next-gen technologies, as we reinforce DMCC's status as the hub of choice for the Indian business community in Dubai.' Held in partnership with the Confederation of Indian Industry and the Federation of Telangana Chambers of Commerce and Industry, the events highlighted the potential for Indian businesses to simplify their operations and supply chains, and tap into some of the world's fastest growing markets. This latest visit to India forms part of DMCC's global Made For Trade Live roadshow programme, in which it visits key markets across the world that present opportunities for deeper collaboration. With over 25,000 member companies and contributing 15 per cent to Dubai's annual FDI, DMCC is one of the most important business hubs for international growth and cross-sector innovation.
Emirates 24/7
22-05-2025
- Business
- Emirates 24/7
DMCC sees 13% growth in Singaporean companies
DMCC has announced growth of 13 percent of companies from Singapore joining its international business district in the past 12 months. The figures were revealed during DMCC's first-ever roadshow on the ground in Singapore as part of its efforts to attract Singaporean business to Dubai. DMCC is now home to over half of the estimated total Singaporean businesses operating in the UAE. DMCC signed a partnership agreement with Hawksford, the international business services provider, to streamline company setup in DMCC's district. Hawksford will provide advisory and registration, accounting and tax support to businesses, attracting new companies to DMCC. Singapore represents one of DMCC's strategic target markets, with a range of opportunities across tech, commodities and trade underpinned by a deepening relationship as Singaporean firms seek efficiencies through Dubai. With nearly 400 Singaporean companies now registered in DMCC, the business district is rapidly expanding its status as a critical gateway for businesses from Southeast Asia looking to grow internationally. The event saw senior DMCC executives engage directly with over 100 Singaporean business leaders, providing tailored insights into how Dubai can serve as a launchpad for international growth and investment diversification. Ahmed bin Sulayem, Executive Chairman and CEO of DMCC, said, 'Our first in-person Made For Trade Live roadshow in Singapore comes at a time of accelerating cooperation between our two nations, with bilateral trade reaching US$18.7 billion last year.' Tommaso Barindelli, Head of Business Development at Hawksford Dubai, stated, 'This partnership marks a significant milestone for our firm and a valuable opportunity for our current and future clients.' DMCC is currently home to over 25,000 companies from 180 countries, covering every sector and industry. The district contributes 15 percent of Dubai's annual FDI inflows and 7 percent of Dubai's GDP. Follow Emirates 24|7 on Google News.
Hi Dubai
22-05-2025
- Business
- Hi Dubai
DMCC Records 13% Surge in Singaporean Businesses Joining its Dubai District
Dubai Multi Commodities Centre (DMCC) has reported a 13 percent rise in Singaporean companies joining its international business district over the past year, underscoring growing economic ties between the UAE and Singapore. The announcement came during DMCC's first-ever roadshow in Singapore, where executives engaged with more than 100 business leaders to promote Dubai as a global hub for expansion. DMCC now hosts over half of all Singaporean firms operating in the UAE, with nearly 400 companies based in its district. To further support this growth, DMCC signed a partnership with Hawksford, a global business services provider, aimed at streamlining the setup process for new entrants. Hawksford will offer advisory, registration, tax, and accounting services to facilitate a smooth transition for Singaporean firms entering the Dubai market. 'Singapore represents a key strategic market for us,' said Ahmed bin Sulayem, Executive Chairman and CEO of DMCC. 'Our first in-person Made For Trade Live event in Singapore reflects the accelerating cooperation between our nations.' Bilateral trade between the UAE and Singapore reached US$18.7 billion last year, highlighting the strength of their economic relationship. With growing demand from sectors like technology, commodities, and trade, Dubai is positioning itself as a preferred base for Southeast Asian businesses seeking international scale. Tommaso Barindelli, Head of Business Development at Hawksford Dubai, called the partnership 'a valuable opportunity' for clients looking to expand globally. DMCC is currently home to more than 25,000 companies from 180 countries and contributes 15 percent to Dubai's annual foreign direct investment inflows and 7 percent to its GDP. News Source: Emirates News Agency
Zawya
22-05-2025
- Business
- Zawya
DMCC sees 13% growth in Singaporean companies as it concludes first-ever roadshow in Singapore
RELATED TOPICS UAE RELATED COMPANIES Hawksford Trust A-1 Fence Dmcc DMCC has announced growth of 13% in companies from Singapore joining its international business district Figures revealed during first-ever roadshow to Singapore and mean DMCC accounts for over half of all Singaporean businesses in UAE Strategic partnership with Hawksford announced to support inbound investment and international expansion through Dubai Event for over 100 Singaporean business leaders reinforces growing UAE–Singapore trade corridor amid shifting global trade dynamics Dubai, UAE: DMCC, the leading international business district that drives the flow of global trade through Dubai, has announced growth of 13% of companies from Singapore joining its international business district in the past 12 months. The figures were revealed during DMCC's first-ever roadshow on the ground in Singapore as part of its efforts to attract Singaporean business to Dubai, and mean DMCC is now home to over half of the estimated total Singaporean businesses operating in the UAE. A new partnership with Hawksford, the international business services provider, will streamline company setup in DMCC's district. Hawksford will provide advisory and registration, accounting and tax support to businesses, attracting new companies to DMCC – particularly from the technology, innovation and sustainability sectors – and enabling them to set up, scale and operate seamlessly from Dubai. Singapore represents one of DMCC's strategic target markets, with a range of opportunities across tech, commodities and trade underpinned by a deepening relationship as Singaporean firms seek efficiencies through Dubai. With nearly 400 Singaporean companies now registered in DMCC, the business district is rapidly expanding its status as a critical gateway for businesses from Southeast Asia looking to grow internationally. The event saw senior DMCC executives engage directly with over 100 Singaporean business leaders, providing tailored insights into how Dubai can serve as a launchpad for international growth and investment diversification. Ahmed Bin Sulayem, Executive Chairman and Chief Executive Officer, DMCC, said: 'Our first in-person Made For Trade Live roadshow in Singapore comes at a time of accelerating cooperation between our two nations, with bilateral trade reaching USD 18.7 billion last year. This momentum is echoed by a 13% rise in Singaporean companies joining DMCC over the past 12 months, bringing the total to nearly 400 – accounting for more than half of all Singaporean businesses in the UAE. As our partnership deepens, our new agreement with Hawksford as our local partner will further reinforce DMCC's position as the business district of choice for Singaporean firms seeking global expansion from Dubai.' Tommaso Barindelli, Head of Business Development, Hawksford Dubai, added: 'We are delighted to be appointed as an International Service Provider by DMCC. With our on-the-ground expertise in Singapore and other key markets, we are ideally placed to help clients seize the unique advantages of DMCC and Dubai – whether they are entering the UAE for the first time or looking to expand across Asia, the Middle East and Africa. This partnership marks a significant milestone for our firm and a valuable opportunity for our current and future clients.' The partnership with Hawksford forms part of DMCC's broader strategy to build a strong global network of referral partners, easing the company formation journey for foreign investors and ensuring tailored support across jurisdictions. DMCC is currently home to over 25,000 companies from 180 countries, covering every sector and industry. The district contributes 15% of Dubai's annual FDI inflows and in accounting for 7% of Dubai's GDP, it remains a key driver of the emirate's position as a leading hub for international business. Media Enquiries: DMCC PR & Corporate Communications pr@ About DMCC DMCC is a leading international business district that drives the flow of global trade through Dubai. We make it easier for our members to do business, helping them access the world's fastest growing markets from a dynamic district that offers everything they need to thrive. This approach is why we are the preferred location for over 25,000 top multinationals and high-impact startups, contributing significantly to Dubai's position as a global hub for trade and innovation. DMCC is where the world does business. For more information, visit
