DMCC sets five-year record in new registrations.

The Dubai Multi Commodities Centre (DMCC) said on Monday that it registered a record breaking 2025 new companies in 2020 notwithstanding the challenges of the Covid-afflicted business environment.

The free zone said in a statement that 2020 witnessed the highest number of registrations in five years "primarily due to the Business Support Package."

Despite an overall business environment shaped by the Covid-19 pandemic, the record-breaking registrations are a testament to Dubai's continued appeal to investors and the trust they place in the world's leading free zone.

"2020 was a year like no other, with the Covid-19 pandemic impacting every society, business and country. Despite the countless challenges at our doorstep, the UAE's visionary leadership and prompt and decisive actions meant," said Ahmed bin Sulayem, executive chairman and chief executive officer, DMCC.

He said DMCC's strong performance, which saw 2,025 companies set up in its free zone during a global crisis, is a clear indication that the UAE and Dubai remain the chosen place to do business. "We know that 2021 will not be without its obstacles, but we are optimistic about our growth trajectory and our continued ability to attract foreign direct investment to the Emirate."

DMCC's Business Support...