Dubai Multi Commodities Centre (DMCC) has announced plans to create a new Financial Centre within its business district.
The new centre will focus on trade finance, fintech innovation and digital asset solutions, cementing DMCC’s position as a key global hub connecting traditional and digital finance.
The announcement builds on the recent launch of the DMCC Wealth Hub, which caters to family offices and private capital.
New Dubai financial centre plan
Together, these initiatives represent the next phase in DMCC’s transformation from a commodities powerhouse into a diversified financial and technology-driven trade ecosystem.
DMCC said the Financial Centre will serve as the “financial backbone” of its 26,000-strong community, clustering banks, fintechs, accelerators and investment firms within a single integrated platform to expand access to capital and advance the UAE’s ambition to position Dubai among the world’s foremost financial hubs.
Further details about the Financial Centre will be unveiled at the Dubai Precious Metals Conference in November, marking a major milestone in DMCC’s growth strategy.
UAE–Vietnam trade links
The news came following a successful trade roadshow in Vietnam.
The Vietnam roadshow comes amid accelerating trade between the two countries. The UAE–Vietnam Comprehensive Economic Partnership Agreement (CEPA), signed in October 2024, has already driven bilateral non-oil trade past $7.02bn (AED25.8bn) in the first half of 2025 — a 16.9 per cent year-on-year increase.
The CEPA eliminates more than 98 per cent of tariffs and opens new opportunities in agri-food, manufacturing, and technology.
Bilateral non-oil trade is projected to approach $20bn (AED73.5bn) in the coming years as both economies deepen cooperation.
Ahmed Bin Sulayem, Executive Chairman and CEO, DMCC, said the new Financial Centre and international engagement underscore Dubai’s growing role in global trade:
“Building on the launch of DMCC Wealth Hub and our landmark agreement with VARA, the digital-asset regulator, we are creating a dedicated Financial Centre that will connect our 26,000 member companies more directly to the global financial system.
“The centre will anchor trade finance, fintech innovation and digital-asset solutions across Dubai and beyond.”
He added that since the UAE–Vietnam CEPA came into effect, bilateral trade has accelerated sharply, with DMCC now home to over 670 Southeast Asian companies, including an increasing number from Vietnam.
The district is supporting growth in coffee, tea, energy-related supply chains, and advanced technology — sectors where Vietnam is a natural partner.
“We look forward to deepening this partnership, unlocking new commercial opportunities, and supporting Vietnamese companies as they leverage CEPA to expand globally from Dubai,” Bin Sulayem said.
DMCC expanding global footprint
DMCC currently hosts more than 26,000 companies from 180 countries, accounting for 15 per cent of all foreign direct investment into Dubai.
DMCC’s Made For Trade Live series, which included the Vietnam roadshow, serves as a cornerstone of its global outreach programme to strengthen trade ties with strategic partner markets.
At the Vietnam events in Ho Chi Minh City and Hanoi, DMCC briefed more than 550 business leaders on how Dubai can serve as a launchpad for international expansion, particularly in high-growth areas such as agri-commodities, artificial intelligence, and digital infrastructure.
The new Financial Centre initiative signals DMCC’s strategic evolution — from facilitating global commodities flows to powering digital finance and investment ecosystems, positioning Dubai as a world-class financial innovation hub.
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