The Dubai Multi Commodities Centre (DMCC) announced yesterday a 14% growth in the number of Turkish companies in its free zone over the past twelve months, raising the total number of registered Turkish companies to over 700. This was announced during the latest edition of the promotional tour 'Found for Trade', organized by the centre in Istanbul. In a statement, the centre said this growth reflects the accelerating pace of growing commercial and investment activity between the UAE and Turkey, driven by the Comprehensive Economic Partnership Agreement that came into effect in 2023. According to the Ministry of Foreign Trade, non-oil trade between the two countries reached $44 billion during the period from September 2024 to August 2025, recording an annual growth of 12% and exceeding the five-year target set by the agreement of $40 billion. First Executive Officer and CEO of DMCC Ahmed bin Sulaim said: 'In the centre, we have recorded a growth of over 14% in the number of Turkish companies joining our business community over the past year, driven by our systems that reflect the strengths of Turkey in sectors such as energy, shipping, precious metals, coffee, tea, and honey'.
