At its best performance during this period since its founding in 2002

"Dubai Multi Commodities" attracts 665 new companies during the first quarter

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The Dubai Multi Commodities Center (DMCC), the free zone and authority of the Dubai government specialized in trade in goods and projects, announced that 665 new companies joined its Dubai Free Zone during the first quarter of 2022, marking its best performance during the first quarter since its establishment 20 years ago.

This new record achievement represents a growth of 13% year-on-year, which is 25% higher than the average performance of the DMCC during the five years, which confirms the growing position of Dubai, as a leading international destination for trade and business, through the establishment of companies and businesses in the Dubai Center. for multiple commodities.


Prominence

"The global economic climate remains challenging, however, Dubai's reputation as a world-leading business destination is stronger than ever," said Ahmed bin Sulayem, CEO and CEO of DMCC, noting that the center occupies a prominent position. In this international attraction.

He added, "The registration of 665 new companies in the first three months of 2022 is another record for the center that contributes to highlighting the great potential available when joining our free zone in Dubai," stressing that "Dubai Multi Commodities" will continue to promote the enormous commercial potential represented by Dubai. .


China and India

China and India have emerged as major markets of increasing importance to DMCC, as both have achieved significant growth in recent years in terms of the number of companies joining the centre.

In turn, India remained the largest market for the center, and key markets, such as the United Kingdom, Germany and France, recorded a strong performance compared to the same period last year. last year.

This growing demand on the part of Chinese companies is the culmination of the center's promotional campaigns in the "Mandarin" language, in addition to its representative office in the city of "Shenzhen", China.


promotional campaigns

On the same level, promotional campaigns and specialized communication programs with markets such as Israel and Turkey played a significant role in achieving a significant quarterly growth in the rate of attracting new companies to join the center during the three months of the year, at 350% from Israel and 100% from Turkey, compared to the previous year.

At the same time, the center is also witnessing interest from new markets from the emerging trading hub such as Indonesia and Vietnam.

Following the launch of the “Crypto Center”, the DMCC witnessed a rise in the number of “crypto” and “blockchain” companies that joined its free zone, as crypto companies accounted for 16% of the total number of new companies joining the center in the first quarter of the year. 2022.


2021 results

The achievement of this record performance of the center during the first quarter, after recording its best annual performance in 2021, during which it attracted 2485 companies, bringing the number of member companies registered in the center to exceed the barrier of 20 thousand companies.

This strong performance indicates the outstanding value that DMCC provides to all companies looking to expand internationally and take advantage of global trade opportunities from Dubai.

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