UAE Business: DMCC posts solid H1 growth, new firms up 19pc – Gulf Digital News

UAE Business: DMCC posts solid H1 growth, new firms up 19pc – Gulf Digital News

DMCC, a flagship free zone and Dubai government's authority on commodities trade and enterprise, has reported its best ever performance in the first half, registering 1,469 new companies for the first six months of 2022, up 19% over last year.

In June alone, DMCC welcomed 323 new businesses to its Free Zone and business district, the best monthly performance since its inception. It is now home to over 21,000 businesses.

DMCC’s persistent growth was driven by strong demand from international markets including Europe, China, and India, demonstrating Dubai’s continued commercial appeal and the ease of setting up and doing business at the free zone.

Growth was also buoyed by continued interest in the DMCC Crypto Centre, and high volumes of trade for a range of commodities, predominantly diamonds, tea, and coffee.

Executive Chairman and CEO Ahmed Bin Sulayem said: "DMCC is constantly striving to further enhance Dubai’s status as a hub for doing business across the globe. This ethos has enabled us to grow from zero to over 21,000 member companies in the space of just two decades."

"By providing a hyper-connected community for trade and constantly striving to improve our services, we will continue to work with our member companies towards new growth in