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DMCC, the world’s most interconnected Free Zone, and the leading trade and enterprise hub for commodities, has concluded its two-part ‘Made for Trade Live’ roadshow in Spain on Thursday.
Over 300 business leaders and industry experts participated in the event across two cities – Madrid and Barcelona – in what was the first event of its kind in Spain for DMCC, and follows the recent launch of its Spanish website.
The timing of the event is significant given the recent rise of the Spanish economy. An annual growth rate above three percent for the past three years, led the International Monetary Fund to raise 2018 growth forecasts from 2.4 percent to 2.8 percent in Spain – outperforming Italy, Germany and France. One of the reasons behind the robust economic growth is the increasing number of Spanish firms pursuing growth by embracing foreign expansion.
"At times of financial uncertainty, many European countries are pushing ahead to discover and drive forward investment opportunities in new markets. Situated at the crossroads of the world, Dubai offers unparalleled access to some of the most exciting and fastest growing global markets. The opportunity for Spanish firms to partner with DMCC to access these trade flows, and benefit from international enterprise is one not be missed, and why we are here," said Ahmed bin Sulayem, Executive Chairman of DMCC.
"With robust infrastructure, state-of-the-art facilities and world-class services, DMCC enabled its 15,000 plus member companies to trade with confidence. Following the positive discussions across the two days here, I have no doubt we will witness a sharp increase in the number of Spanish companies seeking to join DMCC and help us deliver of ambitious growth strategy of 30,000 member companies by 2025," he added.
D. Jose Manuel Garcia-Margallo, former Minister of Foreign Affairs and Cooperation of Spain, said,"The UAE is diversifying its economy and there is a lot of investment in logistics, health, education and water – these are areas where Spain is very strong. The UAE is a hub, a stable country with a business friendly environment and is open to do work with a diversified economy. It is a good place to be in the world economy, and we expect to see sustained growth in the next three to four years. I am quite impressed with the fast growing pace of the UAE, the prospect of the economy and the determination it has to change its economic pattern."
During his keynote address in Barcelona, Joaquim Gay de Montella, President of Foment del Treball, said, "Doing business in the UAE is becoming easier, and this is the reason why more Catalan companies are setting up in the country. I am confident that this event, designed to introduce DMCC, will be highly enriching for us all and I hope that more Catalan companies will invest in the UAE, and especially through DMCC."
Speaking at both events from DMCC were James Bernard, Director – Sales, and Sanjeev Dutta, Executive Director – Commodities, in addition to representatives from JAFZA including Ahmad Al Haddad, Chief Operating Officer, and Ebtesam Ahmed Al Kaabi, Head of Sales.
Speakers in Madrid included Muhammed Mekki, Founding Partner of AstroLabs; Leticia Torres Garc?a, Managing Director, RLD in UAE, and Rafael Lopez-Dieguez Pinar, Director of Expansion, RLD.
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