In the best performance since inception in terms of the number of new companies registered
Dubai Multi Commodities attracts 3,049 new companies to Dubai in 2022
Dubai is one of the world's leading centers for the trade in rough and polished diamonds.
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Ahmed bin Sulayem: "The record numbers that we have achieved show the growing confidence of investors in the emirate's economy, and the increasing opportunities offered by Dubai."
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The Dubai Multi Commodities Center, the free zone and authority of the Dubai government concerned with the trade of commodities and projects, announced its best year ever in terms of the number of new companies joining it, as it attracted 3,049 new companies to Dubai in 2022.
And he stated in a statement, that with the number increasing by 23% on an annual basis, the center would have broken the previous record recorded in 2021, when it registered 2,485 new companies at that time.
Big order
Dubai Multi Commodities attributed this record growth to the great demand it witnessed from international markets, the continued momentum of its strong activity in the main commodity sectors, and the increasing demand from "block chain" companies and "Web 3" technologies for office space in the "Crypto Center". affiliated with him.
Unprecedented performance
Ahmed Bin Sulayem, Chief Executive Officer and Executive Director of the Dubai Multi Commodities Center, said: “With the support of the strong regional economic recovery, the center worked efficiently during the year 2022 to accelerate the implementation of its ambitious growth strategy, focusing on providing all possible forms of support, to enhance the growth and prosperity of member companies.” It includes those operating in promising and high-impact sectors, such as (Web 3) technologies, (Blockchain), commodities and global trade.
He added, "The unprecedented performance recorded by the Center in the past year reflects the acceleration of its business growth, and also highlights the great value that the Dubai Multi Commodities Center adds to each member company registered in it."
He continued, “I often look at the number of new companies registered with us as a measure of commercial activity and foreign direct investment in Dubai.
Thus, these record numbers that we achieved in the past year show the growing confidence of investors in the emirate's economy, and the increasing opportunities that Dubai offers to everyone who aspires to growth and prosperity.
Promote services
For her part, Faryal Ahmadi, Chief Operating Officer of the Dubai Multi Commodities Center, said: “During the new year, we look forward to consolidating the strong position of the center, by enhancing its services and developing its offers, and building new partnerships around the world, which ultimately contributes to attracting new trade flows.” via Dubai.
Crypto Center
According to the statement, the "Crypto Center" of the Dubai Multi Commodities Center witnessed rapid growth during 2022, as it currently includes more than 500 companies, making it the largest gathering of crypto and "blockchain" companies in the region.
"Dubai Diamond"
In turn, the Dubai Diamond Exchange, the world's largest diamond tender facility, witnessed strong demand from companies hosting diamond and gemstone auctions.
Dubai is one of the world's leading centers for the trade in rough and polished diamonds, and continues to strengthen its position in the areas of colored gemstones and lab-grown diamonds.
Thanks to its contributions to the advancement and development of the sector, the UAE was nominated to chair the Kimberley Process for the year 2024, after assuming the position of Vice President in 2023.
tea center
In turn, the "Tea Center", affiliated with the Dubai Multi Commodities Center, processed more than 42,000 metric tons of loose tea, and a total of 8,200 metric tons of packaged value-added tea, including about 400 million tea bags.
This represents an increase of 27% compared to 2021, and thus the "Tea Center" set a new record in terms of the total quantities of tea it dealt with.
coffee center
In the same vein, the DMCC Coffee Center has stored and processed more than 4,000 metric tons of green and roasted coffee from a wide range of producing markets across Central and South America, Asia and Africa.
Tradeflow platform
The “Tradeflow” platform of the Dubai Multi Commodities Center, which is a fully digital central registry whose mission is to record the possession and ownership of goods stored in facilities based in the UAE, recorded a total value of 1.63 trillion dirhams ($ 445 billion), an increase of 48%. for the year 2021.
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