The Dubai Multi Commodities Center or DMCC — the Government of Dubai’s authority on commodities trade and enterprise — has announced that it recorded its best-ever nine-month performance since its inception in 2002.
According to official sources, it welcomed around 1,800 companies to Dubai from Q1 to Q3 this year.
In September alone, DMCC is said to have welcomed 215 new businesses to its free zone and business district, the best September performance since inception.
This builds upon DMCC achieving its best H1 performance since 2013, and its best June and August performances on record are also from this year.
The performance is believed to have been driven by DMCC’s focus on increasing the ease of doing business and setting up a company in Dubai, the expansion of the DMCC Tea and Coffee Centers, and the launch of the DMCC Cacao Center.
It has also launched the DMCC Crypto Center, which is on track to become home to 100 crypto and blockchain companies by the end of the year, said the official sources.
Among other things, DMCC is also building the Uptown Tower, the first to be released in its premium, mixed-use Uptown Dubai district.
It now stands 269 m tall, with work currently said to be focusing on residential floors.
Even otherwise, DMCC has throughout 2021 conducted virtual and physical events in target markets to promote itself and Dubai as a location to set up and do business.
Last month, DMCC Executive Chairman and Chief Executive Officer Ahmed Bin Sulayem led an official delegation to Brazil and Mexico to bolster trade ties, particularly around coffee.
