DP World launches a new strategic branch focused on supporting the growth ambitions of large companies

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DP World has launched the Global Business Corporation, a new strategic branch focused on supporting large companies in achieving their growth ambitions. The initiative, which aims to further raise Dubai’s profile as a preferred global business destination, invites companies to enhance their international operating models with a base in the emirate.

Driven by the goal of ushering in a new era of business opportunity, the Global Business Corporation (GBC) seeks to publicize the strengths and advantages of Dubai as a location for centralized high-value business operations of large businesses, such as head office, functional offices of centers of excellence and finance and treasury centers.

Standing at the heart of a business-friendly ecosystem that includes special economic zones, the region’s largest commercial port and a comprehensive portfolio of services and solutions, GBC seeks to connect businesses to business enablers across Dubai. to help them grow and operate seamlessly.

GBC can provide company formation and licensing – under the unique common law based GBC regulations – for large companies wishing to set up a limited liability entity or branch in Dubai. A GBC license allows a foreign or domestic group of companies to own and operate a business management entity, allowing them to develop a wide range of functional expertise and regional management capabilities as well as intellectual property. , based on its strategies, operational needs and capital requirements. . GBC companies registered in the Jebel Ali Free Zone (Jafza) can also be used as holding companies.

The launch of GBC by DP World will open new horizons for large companies focused on strategic growth in a remapped post-pandemic world. Located at the strategic crossroads of key trade corridors and close to some of the largest and fastest growing markets in the world, GBC will help businesses access a comprehensive portfolio of business support solutions and business ecosystem flourishing in Dubai to facilitate the expansion of new business opportunities. their operations in Dubai.

“Dubai’s location provides easy access to vast opportunities in emerging markets in the Middle East, Africa, Europe and CIS. With the growth of manufacturing in this region, our air, sea, road and rail infrastructure seamlessly connects Dubai to markets around the world. Dubai’s world-class business-friendly infrastructure, access to highly skilled talent pools and its ability to deliver a range of strategic benefits make it one of the most growth-friendly business hubs in the world. world. With the launch of GBC, we plan to be the flagship for ambitious high-growth companies around the world and provide them with the support they need to realize their strategic ambitions,” said Sultan Ahmed Bin Sulayem, Group Chairman and CEO. from DPWorld.

“Today, more and more global companies see Dubai as an attractive business destination. Dubai is where political and economic stability meet culture, ideas and progress. Businesses have come to Dubai to grow and prosper for over a century. The business world has changed, providing opportunities for large corporations to consider alternative locations when considering their strategic growth,” added Mohammed Al Muallem, Executive Vice President of DP World.

GBC is a complement to Dubai’s coalition of Foreign Direct Investment Advisory and Advocacy Groups. GBC will further strengthen Dubai’s ability to add value and agility to companies establishing their headquarters or regional hubs in the city.
Source: DP World

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