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Standard & Poor's Rating Services (S&P) has reaffirmed its ‘A' long-term and ‘A-1' short-term foreign and local currency ratings on the Dubai Multi Commodities Centre (DMCC) |
Standard & Poor's Rating Services (S&P) has reaffirmed its ‘A' long-term and ‘A-1' short-term foreign and local currency ratings on the Dubai Multi Commodities Centre (DMCC). The centre's strong operational ties with the Government of Dubai are crucial to its long-term role in the economic development of Dubai, according to Standard & Poor's.
According to Standard & Poor's: "DMCC is expected to play an increasingly important role in Dubai's economic development in the next few years, both through free zone activities, and through development of other projects and brands, such as the Business Park and hotels at Jumeirah Lake Towers."
With an open economy, a thriving port, and strategic geographical location, Dubai has established itself as the regional centre for commodities trade. As economies across the world experience economic downturns, more and more businesses are relocating to Dubai to take advantage of the emirate’s business friendly environment.
