Dubai’s DMCC witnesses ‘best-ever’ year for registrations, welcomes 3,049 businesses in 2022

Dubai’s DMCC witnesses ‘best-ever’ year for registrations, welcomes 3,049 businesses in 2022

Dubai Multi Commodities Centre (DMCC) achieved its “best-ever” year for new member company registrations, attracting 3,049 new businesses to Dubai in 2022.

This marks a year-on-year increase of 23 per cent, breaking the previous record set in 2021 when DMCC registered 2,485 new members.

Factors driving the growth included international demand, the freezone’s continued work within key commodities sectors, and the growing demand from blockchain and web3 businesses for space at the DMCC Crypto Centre. The Crypto Centre is now home to more than 500 companies.

Ahmed Bin Sulayem, executive chairman and CEO, DMCC, said: “Backed by a strong regional macroeconomic landscape, DMCC has been efficiently accelerating its growth strategy throughout 2022, focusing on supporting its member companies in high-impact sectors such as web3 and blockchain technologies, commodities and global trade. The unprecedented performance this year reflects this growth acceleration and highlights the significant value that DMCC adds to each of its members.

“I often view our member company registrations as a barometer for commercial and FDI activity in Dubai – these record-high numbers demonstrate burgeoning investor confidence in the emirate and the growing number of opportunities that Dubai presents.”

Feryal Ahmadi, COO DMCC, added: “With a number of exciting new projects in the pipeline