The Dubai Multi Commodities Centre (DMCC), a Free Zone and Government of Dubai Authority on commodities trade and enterprise announced that August was its greatest month since its inception in 2002.
This follows the business district’s recent record-breaking achievements, which included a solid performance in the first half of the year, during which 1,230 companies were welcomed, with 204 new member companies registered, and best eight-month performance in seven years and the highest six-month performance since 2013.
DMCC has seen steady growth over the years, fueled by strategic partnerships that facilitated the ease of doing business, roadshows that attracted trade to Dubai, and new initiatives like the DMCC Crypto Centre, a comprehensive ecosystem for businesses in the cryptographic and blockchain industries.
“DMCC continues to edge closer to the target we set ourselves to reach 20,000 members by the end of 2021. The record-breaking level of business activity, even during the quieter summer months, reflects the continued appeal of our business district to companies of all sizes and origins.”
As Dubai prepares to welcome the world to Expo 2020 Dubai in a few weeks, DMCC expects a wealth of opportunities on the horizon. Building on this momentum, the center is looking forward to the next few months which will undoubtedly be marked by many more milestones and achievements.
Mr. Ahmad Hamza, Executive Director, Free Zone commented that, “I am incredibly proud of the DMCC’s record-breaking performance. The ecosystem we offer, our fully digitalized set-up process, along with the innovative solutions, products and services we bring mean we remain the business community’s partner of choice. Our network is unmatched and with that comes unique connectivity, these are pre-requisites for any company seeking growth.”