The Swiss Tower in JLT is taller than any tower in Switzerland and the tallest of its kind in the world

Swiss Business Council Dubai & Northern Emirates organises Opening Ceremony

Dubai, UAE; 30 October 2013: The Swiss Tower, the first "country branded" tower in the UAE, officially launched on 29 October 2013. The 40-floor tower in the DMCC Free Zone, the largest and fastest growing free zone in the UAE, has a total structural height of 167 metres. Construction of the Swiss Tower was completed in 2010 and the Swiss Business Council Dubai & Northern Emirates moved in early 2012.

The opening ceremony was attended by over 150 dignitaries including Swiss President of the Council of the States, H.E. Filippo Lombardi; Ahmed Bin Sulayem, Executive Chairman, DMCC; Swiss Ambassador, H.E. Andrea Reichlin; Walter Deplazes, Consul General Switzerland; and Urs Stirnimann, Chairman of Swiss Tower Interim Owner Association.

During the ceremony, Ahmed Bin Sulayem, Executive Chairman, DMCC commented:
"Choosing DMCC and Jumeirah Lakes Towers as the destination for Swiss Tower further highlights the strong trading ties between Geneva and Dubai as 'sister cities', and the strength of Dubai as a global hub for commodities trade and enterprise. DMCC is now the UAE's largest and fastest growing free zone with over 7,400 members with over 150 Swiss member companies. We are certain that the establishment of Swiss Tower creates a world-class environment for Swiss corporations here at the DMCC Free Zone."

The Swiss Business Council, Switzerland Tourism, Swiss ILC Management Services and many other Swiss companies have their offices in the Swiss Tower. It is the tallest tower of its kind in the world and is also taller than any tower in Switzerland.

With 65 mixed-use commercial and residential towers and over 220 retail outlets in operation, there are currently over 75,000 people working and living within the DMCC Free Zone.

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About The Dubai Multi Commodities Centre
The Dubai Multi Commodities Centre (DMCC) is a strategic initiative of the Government of Dubai, was established in 2002, with a mandate to provide the physical, market and financial infrastructure required to set up a commodities market place in Dubai. The Centre attracts key players throughout the entire value chain of a wide range of commodities sectors, together with relevant support industries such as finance, logistics and insurance. DMCC has established a robust infrastructure, including free zone status, trade networking platforms, secure vaults and purpose-built storage facilities. Resident companies of DMCC are offered highly attractive benefits under a free zone status, including 50-year guaranteed 0% corporate and personal income tax, 100 per cent business ownership, full ownership of business premises, and a secure regulated environment. DMCC has also implemented a dedicated compliance policy in the organisation, which is in line with the compliance related laws and regulations of the UAE Federal Government and the competent international bodies. DMCC owns three fully operational towers which host the majority of the physical, market and financial infrastructure including the Jewellery & Gemplex facility, the specialised diamond and pearl exchanges and gold vault. www.dmcc.ae

Media Enquiries:
DMCC
Henriette Svensen
PR & Corporate Communications Manager
+971 4 375 2207
henriette.svensen@dmcc.ae

Brunswick Group
Katharine Crall
Associate
+971 56 174 0292
kcralle@brunswickgroup.com

Press Release 2013