The Dubai Multi Commodities Centre Authority (DMCC) has licensed the 3,000th company for its Jumeirah Lakes Towers (JLT) free zone.

Since the start of 2011, DMCC has registered over 400 companies, averaging over 100 per month; a rise of 65 per cent over the same period in 2010.

“This is a milestone moment for DMCC as we welcome our 3,000th company to the JLT free zone. We are registering record monthly numbers, which clearly highlights the attraction of Dubai and JLT. As well as driving company registrations, our focus for 2011 remains on introducing improved and new services together with the continued improvement of the JLT development,” stated Ahmed bin Sulayem, executive chairman, DMCC.

“JLT remains the fastest growing free zone in the UAE and we are pleased to see that the vast majority of company registrations are new to the region, with particular interest coming from Europe and India,” added Malcolm Wall Morris, chief executive officer, DMCC.

DMCC continues to attract both international and regional companies to Dubai with over 93 per cent of 2011 registrations being from companies and entrepreneurs new to the emirate.-TradeArabia News Service