Roads, railroads and canals lead to the trading
opportunities and it defines the location of major cities. In the early 16th
and 17th century, cities were built around waterways and seaports.
This 21st century has noticed a new trend in determining the
location of economic hubs and creating ‘Aerotropolises’. Emirate is now
following a strategy to diversify energy commodity exports into a broader base.
Dubai flourishes its service sector to be a major trading hub.
The Emirate is committed in the further development of transportation
and logistics environment. Dubai will have the first and only integrated
sea-land-air corridor. This will help in containers offloaded from a ship to be
transported and airborne in two or three hours. Dubai has launched its
operations at Al Maktoum International Airport in June 2010, which will be the
world’s largest airport in terms of passenger and cargo volumes. Government of
Dubai has set up the Dubai Multi commodities Centre Authority (DMCC), who are
the master developers of the Jumeriah Lake Tower free zone (JLT).
Jumeriah Lake Tower Free Zone (JLT) is the fastest emerging
Free Zone among UAE Free Zones. The key goal of DMCC is to offer the required physical,
market and fiscal infrastructure to enhance commodity flow through Dubai. DMCC
has registered over 725 companies in 2010 and 750 companies in the year 2011,
from the month of January to August. And has continues to make JLT, as one of
the fastest rising Free Zones among UAE.
DMCC has unveiled the prototype of the first gold bullion
coin in the UAE. A national legal tender gold coin will position as a globally recognized
sign of pride and credit of UAE’s achievement. Dubai has itself positioned as
the regional trade hub that connects East and West. DMCC has devoted to
continue to help Dubai in its growth and prosperity by developing Dubai trade.
Today JLT has around 15,000 residents and 10,000 people working over 200
hectares of development. DMCC look forward in helping novel and existing JLT
members in reaping the benefits of both Dubai and JLT.
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