As many as 2,692 new firms joined the Dubai Multi Commodities Centre (DMCC) in 2023 in its second-best 12 months on file.
The complete variety of firms in DMCC’s enterprise district now exceeds 24,000.
The launch of recent trade ecosystems, the expanded service choices and the bodily progress of the Uptown Dubai district with the launch of Uptown Tower have pushed DMCC’s 2023 progress story.
The free zone maintained its main position as a magnet for overseas direct funding (FDI), accounting for 11 per cent of Dubai’s complete FDI inflows and driving its standing as a worldwide hub for commerce in commodities like diamonds and valuable stones, gold, power and agri-softs in addition to high-value providers comparable to crypto, gaming and Web3.
“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,” mentioned Ahmed Bin Sulayem, Executive Chairman and CEO of DMCC.
Feryal Ahmadi, Chief Operating Officer, DMCC, added: “Last year we built on our position of strength to elevate the value we provide to our member companies through the development of new ecosystems, refinement of our service offering and forging of new strategic partnerships around the world. This approach has enabled us to maintain our peak performance and drive new levels of growth in areas like crypto, gaming and energy as well as in key focus markets like China.”
.@DMCCAuthority closes its second most profitable 12 months on file by welcoming 2,692 new firms to #Dubai in 2023, bringing the entire variety of firms in DMCC to over 24,000.https://t.co/IAWQGat6w2 pic.twitter.com/jXeqD7gfBw
— Dubai Media Office (@DXBMediaOffice) March 11, 2024
