DUBAI- The Dubai Multi Commodities Centre, DMCC, has been named Global and Middle East Free Zone of the Year 2017 by the Financial Times fDi Magazine. This is the third year in a row it has earned the award.

This award recognises the free zone for its sustainable growth, strong customer service, innovation and global thought leadership drive.

Commenting on the award, Ahmed bin Sulayem, Executive Chairman of DMCC, said, "Shaping the future of trade, DMCC has emerged as a major contributor to Dubais economy over a 15 year period. Our growth will continue with several new strategic initiatives on the way, including our new district, Uptown Dubai." "Winning the Global Free Zone of the Year for the third year in a row is an honour and a tribute to the over 13,700 companies, which make up the DMCC Free Zone and contribute to our success every day, driving the next wave of growth and innovation," he added.

DMCC was also awarded the Global and Middle East Free Zone of the Year for SMEs, as well as a range of awards for Facilities Upgrades, Legal Support, Smart City Strategy, Red Tape Reduction and Thought Leadership.

"Despite the ever-tougher competition, DMCC continues to stand out from the crowd and is our choice as the world's top free zone for the third year running," said Courtney Fingar, Editor-in-Chief of fDi Magazine on behalf of the judging panel.

According to Fingar, DMCC's state-of-the-art facilities, combined with its location at the heart of the world's most dynamic investment destinations, Dubai, and the vast array of services offered to its fast-growing list of member companies, continues to make it an enviable site for investors to locate.

"But not content to rest on its laurels, DMCC is keeping at the forefront of technology and pioneering the use of electronic signatures and other services that save member companies time and hassle. We believe the already strong DMCC offer is becoming even more compelling through such developments and applaud the Free Zone's management for success in our awards", she continued.

The DMCC Free Zone added 2,016 new members in 2016 and over 600 in the first half of 2017. It has delivered an annual average growth rate of 33 percent in the last ten years.

Copyright Emirates News Agency (WAM) 2017.