DMCC signs up 3,049 new firms in 2022
Total number of DMCC companies reaches over 22,000
Last year, the DMCC Crypto Centre partnered with global VC firm Brinc to provide its members with access to their $150 million accelerator fund.
As many as 3,049 new businesses signed up with Dubai’s DMCC last year, a 23 per cent increase year-on-year, the free zone said yesterday, taking the total number of companies registered with the business district to over 22,000.
Among the newly licenced are crypto- and blockchainfocused entities, taking the DMCC Crypto Centre’s membership to over 500 entities.
“DMCC has been efficiently accelerating its growth strategy throughout 2022, focusing on supporting its member companies in high-impact sectors such as web3 and blockchain, commodities and global trade,” said Ahmad Bin Sulayem, Executive Chairman and CEO, DMCC. “The unprecedented performance this year reflects this growth acceleration and highlights the significant value that DMCC adds to each of its members.” He added: “I often view our member company registrations as a barometer for commercial and FDI activity in Dubai — these record-high numbers demonstrate burgeoning investor confidence in the emirate and the growing number of opportunities that Dubai presents.”
Exciting new projects
Feryal Ahmadi, Chief Operating Officer, DMCC, added: “With a number of exciting new projects in the pipeline and the unwavering dedication of the entire DMCC team, I am confident that we can carry this momentum forward into 2023. Next year will see DMCC build on its position of strength by further enhancing its services and offerings and forging new partnerships across the globe, all with the ultimate aim of driving new trade flows through Dubai.”
Last year, the DMCC Crypto Centre partnered with global VC firm Brinc to provide its members with access to their $150 million accelerator fund.
DMCC also partnered with SafeGold and Comtech Gold to tokenise gold bars based in UAE facilities.
The Dubai Diamond Exchange (DDE), the world’s largest diamond tender facility, saw strong demand from companies hosting tenders and auctions of diamonds and precious stones.
The DMCC Tea Centre handled over 42,000 metric tonnes of bulk tea, with an overall value addition volume of 8,200 metric tonnes of packaged tea, including around 400 million tea bags.
The DMCC Coffee Centre stored and processed more than 4,000 metric tonnes of green and roasted coffee from a broad range of producing markets across Central and South America, Asia and Africa.
DMCC Tradeflow, a fully digital registry for the possession and ownership of commodities stored in UAE-based facilities, recorded a total value of Dh1.63 trillion, a 48 per cent increase over 2021.