Dubai Creative Cluster Authority: Outstanding Contribution to Economic Development Middle East 2017
In support of the National Innovation Strategy unveiled in 2014, Dubai Creative Clusters Authority (DCCA) seeks to create an enabling environment for entrepreneurs, industry leaders, and talented individuals from across the globe. Over 4,500 companies, from dynamic start-ups to corporate behemoths, are currently located in Dubai Creative Clusters, a diverse Free Zone catering to Dubai’s creative and other knowledge-based sectors.
Offering unparalleled ease of doing business thanks to its flexible and transparent regulatory environment, companies in the free zone benefit from 100% foreign ownership, guaranteed 50-year exemption from corporate taxes, and full repatriation of profits and capital. DCCA’s focus on development-friendly regulations and policies ensures the delivery of world-class infrastructure and vibrant communities.
With its one-stop-shop approach, DCCA demonstrates how collaboration between the private sector and local government can facilitate cross-sector growth, enabling global companies to establish a base in the Middle East whilst also supporting the emergence of entrepreneurs and small businesses.
The nine clusters under DCCA’s jurisdiction include Dubai Internet City, Dubai Media City, Dubai International Academic City, Dubai Studio City and Dubai Design District, amongst others. These clusters host diverse ecosystems tailored to ICT, media and entertainment, higher education, energy and environment, outsourcing and design, and related areas.
The CFI.co judging panel notes that DCCA has been set up to facilitate the work of creative businesses. As such, it provides an environment that invites and inspires. The judges are pleased to offer Dubai Creative Clusters Authority the 2017 Outstanding Contribution to Economic Development Middle East Award.
