Dubai, Nov 14 (IANS/WAM): The Dubai Multi Commodities Centre Authority (DMCC) has signed a memorandum of understanding (MoU) with Reuters (Thomson Reuters) to further explore cooperation between the two parties by enhancing value-added products and services that benefit customers and free zone members.

The MoU signing ceremony was attended by DMCC and Reuters officials, who discussed the terms of the new agreement which include a range of initiatives that add value to current products and services available, with a focus on events, networking and thought leadership.

"Since the establishment of the DMCC Free Zone just over 10 years, ago we have welcomed over 7,500 member companies from across the globe to Dubai,” Ahmed bin Sulayem, executive chairman of DMCC, was Thursday quoted as saying.

“The terms of the MoU signed with Reuters will no doubt enable us to further innovate for the benefit of our members. Today DMCC is the largest and fastest growing free zone in the UAE (United Arab Emirates) due to their continuous focus on enhancing products and services that enables start-ups through to multi-nationals to succeed,” he added.

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, with an average of 200 companies joining each month and a 94 percent retention rate.