Dubai Multi Commodities Centre (DMCC), the world’s flagship Free Zone, has recorded its best-ever three-quarter (Q1-Q3) performance since its inception, registering 1800 companies in the first 9 months of 2021.
The Dubai-based commodity marketplace, which started its operations in 2002, added 215 new businesses to its Free Zone in September alone. This new achievement builds upon the Center’s best H1 performance since 2013 and the best June and August on record earlier this year.
The current achievement is 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 Centres, the launch of the DMCC Cacao Centre, and the launch of the DMCC Crypto Centre.
Ahmed Bin Sulayem Executive Chairman & CEO DMCC
“By all accounts, DMCC started 2021 from a position of strength, allowing us to deliver the best H1 performance in eight years. We carried that momentum forward into the third quarter, and have continued to shatter all previous records since DMCC’s establishment in 2002. With Expo 2020 Dubai now underway, and significant milestones for the UAE on the horizon, I fully expect we will reach over 20,000 member companies by the end of the year. As part of our diversification strategy, our recently launched Crypto Centre continues to generate significant interest, particularly as Dubai furthers its position to become a global center of crypto. The pandemic has been a ten-year accelerant for business culture and digital transformation, during which time DMCC has ensured to stay ahead of the curve in providing what the market both wants and needs.”
Mr. Ahmad Hamza, Executive Director, Free Zone, DMCC, commented, “Dubai has retained, and even built upon, its commercial appeal since the pandemic. Businesses recognized that they need a base where they feel supported, have access to some of the industry’s best facilities, and fully digitalized services that make operating their business as smooth as possible.”
