Hikvision, a world-leading AIoT solutions company, unveiled its new regional headquarters in DMCC's Uptown Tower in April 2024. Hikvision chose to settle in the DMCC free zone for many reasons.

From a geographical point of view, Dubai, where DMCC is located, is at the intersection of Europe, Asia and Africa, and is an important hub connecting East-West trade. This enables Hikvision to use Dubai as a base to efficiently radiate the huge market of nearly 3 billion people in the Middle East, North Africa, South Asia, etc., greatly improving the market coverage of its products and services.

In terms of policy, the DMCC free zone provides companies with 100% foreign ownership, zero tariffs, no foreign exchange controls, and exemption from corporate income tax (some industries will be charged 9% from 2023, but it is still at a relatively low level globally), which greatly reduces Hikvision's operating costs and investment risks, enabling it to invest more resources in R&D and market expansion.

Since its settlement, Hikvision has made full use of the advantages of the DMCC free zone and has made significant progress in its business. In the Middle East, its smart security products are widely used in many fields such as urban security, commercial facilities, and transportation hubs. For example, it provides advanced monitoring equipment and smart security solutions for many important public areas in Dubai, effectively improving the local security level and winning high recognition from local governments and customers. With the good reputation and market share accumulated in the Middle East market, Hikvision has further expanded into the African and South Asian markets, gradually building a global market network.