Dubai Multi Commodities Centre’s (DMCC) free zone recorded its best year since its inception with its registration of 2,485 companies in 2021, raising its member companies total to over 20,000.
The record-breaking performance follows on from the 2,025 companies that joined the business district in 2020, according to an official statement.
“From 2018 to 2021, 8,347 new companies joined DMCC and became ambassadors for doing business in Dubai,” said Ahmed Bin Sulayem, executive chairman and CEO of DMCC.
“With our sights set firmly on positioning Dubai as the preeminent place to do business in any sector, DMCC has seen substantial growth across all aspects of the business. This unprecedented performance is reflective of the value that DMCC provides to its member companies through its facilities and services, and the significant progress we are making in emerging sectors such as crypto,” he added.
Driven by strong international demand, the expansion of its commodities centres and the launch of the DMCC Crypto Centre, the free zone was able to increase engagement with key markets, including China, US, UK and Russia, demonstrating Dubai’s continued commercial appeal, and the ease of setting up and doing business at DMCC.
“This year, I have seen first-hand how crypto interlinks across our industries, so I am proud that DMCC is championing the cryptographic space in Dubai,” said Sulayem.
In partnership with CV Labs, the DMCC Crypto Centre is fostering a comprehensive ecosystem for businesses operating in the cryptographic and blockchain sectors. The hub offers a home to all types and sizes of crypto businesses, from companies developing blockchain-enabled trading platforms, through to firms offering, issuing, listing, and trading crypto assets.
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