Dubai's DMCC Sees Entry of 2,700 New Companies

Publish date: Tuesday، 12 March 2024

In 2023, Dubai Multi Commodities Centre (DMCC) witnessed the inclusion of 2,692 new companies, marking its second-best year on record and bringing the total businesses in its district to over 24,000. Growth was fueled by the introduction of industry ecosystems, expanded services, and the physical expansion of Uptown Dubai, notably with Uptown Tower's launch.

DMCC maintained its status as a key foreign direct investment (FDI) hub, constituting 11% of Dubai's total FDI and establishing itself as a global trade hub for commodities such as diamonds, precious stones, gold, energy, agri-softs, and high-value services like crypto, gaming, and Web3.

Ahmed Bin Sulayem, Executive Chairman and CEO of DMCC, emphasized the strengthened business district, positioning for accelerated growth. He said, "With the opening of Uptown Tower and the wider development of Uptown Dubai, our business district is stronger now than it has ever been, and we have set ourselves up for accelerated growth, a crucial factor as we accommodate new waves of investment to Dubai."

Feryal Ahmadi, Chief Operating Officer, highlighted strategic partnerships, service refinement, and ecosystem development as pivotal in achieving peak performance and fostering growth in sectors like crypto, gaming, and energy, along with key markets such as China.

Dubai's DMCC Sees Entry of 2,700 New Companies

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