Dubai, UAE — A total of 2,692 new companies joined Dubai Multi Commodities Centre (DMCC) last year, bringing the total number of companies in DMCC to over 24,000.
In its 2023 Annual Report, DMCC said 2023 was its second-best year on record as companies continue to flock to its business district.
The launch of new industry ecosystems, the expanded service offerings and the physical growth of the Uptown Dubai district with the launch of Uptown Tower have driven DMCC’s 2023 growth story, DMCC said.
DMCC accounted for 11 percent of Dubai’s total FDI inflows and cemented its status as a global hub for trade in commodities like diamonds and precious stones, gold, energy and agri-softs as well as high-value services such as crypto, gaming and Web3.
Ahmed Bin Sulayem, Executive Chairman and Chief Executive Officer, DMCC, said, “For DMCC, 2023 showcased our ability to sustain our record performance whilst undertaking crucial infrastructure expansions. 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 in Dubai.”
Feryal Ahmadi, Chief Operating Officer, DMCC, added, “As we push on in 2024, we will aim to further consolidate our position as a market leader in these areas and as the international business district of choice for companies looking to scale up and connect to global markets from Dubai.”