The best annual performance since its inception

"Dubai Multi Commodities" attracts 2,485 new companies to the emirate in 2021

DMCC hosted 302 virtual seminars and events during 2021. From the source

The Dubai Multi Commodities Center, the free zone and authority of the Government of Dubai specialized in the trade of goods and projects, announced the best annual performance since its establishment, as the center attracted 2,485 new companies to Dubai in 2021, and recorded its best performance in the months: June, August, September And November, bringing the number of registered companies to more than 20,000 companies.

In a statement yesterday, the center stated that this record performance comes after it also achieved exceptional performance during the year 2020, with 2025 new companies joining its free zone.

New companies

According to the statement, "Dubai Multi Commodities" succeeded in attracting new companies from a wide range of sectors, after witnessing strong demand from international markets, as well as its expansion in its specialized commodity centers, and the launch of the "Crypto" center.

It also recorded a large turnout from the main target markets, including China, the United States, the United Kingdom, and Russia, which reflects the continued attractiveness of Dubai as a leading destination for trade, and the ease of establishing and doing business.

big growth

Ahmed bin Sulayem, CEO and CEO of DMCC, said, "During the year 2021, the center witnessed significant growth in various aspects of its business, at a time when the focus remains focused on consolidating Dubai's position as a leading and preferred destination globally for doing business for companies from various sectors." .

He added: “This unprecedented performance reflects the value that DMCC provides to the companies registered in it, through its distinguished facilities, high-quality services, and the great progress achieved in emerging sectors, such as the field of encryption technologies. Cryptographic technologies intersect across different economic sectors, which makes me proud of the center’s leadership in supporting the development of this promising field in Dubai.”

He continued: “From 2018 to 2021, 8,347 new companies joined DMCC.

Our environment that supports the growth and prosperity of trade, which we developed and strengthened strategically over two decades, was a major contributor to Dubai’s great economic weight.”

favorite destination

For her part, the chief operating officer of DMCC, Faryal Ahmadi, said: “Our free zone has become a preferred destination for more than 20,000 companies, which places a great responsibility on us in upgrading our services and solutions, encourages us to build new fruitful partnerships, and promotes growth. Trade flows through Dubai.

And she continued, "We are currently preparing for a number of important projects for the current year, including the (Dubai Diamond Conference) within seven weeks from now, and the launch of the next version of the (Future of Trade) report later this year."

encryption techniques

The DMCC indicated that it had officially launched, in partnership with “Crypto Valley Labs”, the “Crypto Center”, which provides a comprehensive system that supports the growth and prosperity of businesses and companies active in the crypto and “Blockchain” sectors.

The center is located in the "Al-Mas Tower", and it has become a leading destination on the map of developing and applying encryption and "Blockchain" technologies.

In April 2021, DMCC signed a land sale and purchase agreement with REIT Development Company to establish the largest precious metals refining, purification and storage facility, and the first to be entirely based on Blockchain technologies in the Arabian Gulf region.

The new facility will purify and store precious metals, including gold, silver, platinum, palladium, and rhodium.

The Center also issued two dedicated versions of its series of reports: “The Future of Trade”, at a time when the version devoted to crypto technologies focuses on the decentralized finance sector and its impact on global trade.

In turn, the "Dubai Diamond Exchange", the largest facility to host diamond tenders in the world, hosted 68 tenders for diamonds and precious stones, making Dubai currently the fastest growing diamond center in the world.

Promote Dubai

The DMCC confirmed that during 2021 it continued to promote Dubai as a major destination for foreign direct investment, as it conducted realistic and online promotional tours in seven markets around the world, to highlight the opportunities offered by the emirate.

It also held a series of virtual, semi-virtual and virtual events, as part of its “Found for Trade” promotional campaigns, in countries, including Ukraine and Shenzhen, China.

These events are designed to introduce participants to the importance of the DMCC as a main gateway to access the major markets in the world, the distinguished services it provides for companies, and the world-class infrastructure it provides.

The center hosted more than 302 virtual and event seminars during the year 2021, which attracted more than 32,635 participants and followers.

 Tea and coffee center

The DMCC's Tea Center handled more than 35,580 metric tons of tea, in addition to 6,482 metric tons of value-added tea products, representing an increase of 14% over 2020.

In turn, the Centre's Coffee Center has stored and processed more than 9,000 metric tons of green and roasted coffee, imported from a wide range of producing markets across Central and South America, Asia and Africa.

Specialized centers

Earlier in 2021, the Dubai Multi Commodities Center announced its plans to add new centers through the establishment of the Cocoa Center, and a study is underway to establish centers dedicated to honey, meat, and saffron.

Tradeflow platform

The DMCC's Tradeflow platform, which is a fully digital and interactive property registry, recorded a total trading value of 1.1 trillion dirhams ($299 billion), an increase of 48% over 2020.

Follow our latest local and sports news and the latest political and economic developments via Google news