Dubai Multi Commodities Centre has said it recorded its best year on record as it attracted 2, 485 companies in Dubai in 2021.
The flagship free zone and Dubai government’s authority on commodities trade and enterprise also saw its best June, August, September and November, reaching a total of over 20,000 member companies.
The record-breaking performance follows on from the 2,025 companies that joined the business district in 2020.
DMCC said that driven by strong international demand, the expansion of its commodities centers and the launch of the DMCC Crypto Centre, it attracted companies from a broad range of sectors.
The significant attraction was seen in key target markets, including China, the US, UK and Russia, demonstrating Dubai’s continued commercial appeal, and the ease of setting up and doing business at DMCC, the authority said.
Earlier in the year, DMCC announced plans to add to its portfolio of commodities with the addition of a dedicated Cacao Centre and other commodity trade centers including meat, honey and saffron.
DMCC Tradeflow, a fully digital and interactive ownership registry, recorded a total value of AED 1.1 trillion (USD 299 billion), an 48% increase over 2020.
DMCC conducted roadshows physically and online in seven markets across the world to highlight the opportunities in the emirate.
Ahmed bin Sulayem, Executive Chairman and Chief Executive Officer, DMCC, said: “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. Given the incredible momentum that the DMCC team has collectively achieved this year, I am convinced that 2022 will feature major milestones, including the completion of Uptown Tower”.