DMCC welcomes nearly 2,700 new companies to Dubai

As many as 2,692 new companies joined the Dubai Multi Commodities Centre (DMCC) in 2023 in its second-best year on record.

The total number of companies in DMCC’s business district now exceeds 24,000.

The launch of new industry ecosystems, the expanded service offerings and the physical growth of the Uptown Dubai district with the launch of Uptown Tower have driven DMCC’s 2023 growth story.

The free zone maintained its leading role as a magnet for foreign direct investment (FDI), accounting for 11 per cent of Dubai’s total FDI inflows and driving its status as a global hub for trade in commodities like diamonds and precious stones, gold, energy and agri-softs as well as high-value services such as crypto, gaming and Web3.

"With the opening of Uptown Tower and the wider development of Uptown Dubai, our business district is stronger now than it has ever been, and we have set ourselves up for accelerated growth, a crucial factor as we accommodate new waves of investment to Dubai," said Ahmed Bin Sulayem, Executive Chairman and CEO of DMCC.

Feryal Ahmadi, Chief Operating Officer, DMCC, added: "Last year we built on our position of strength to elevate the value we provide to our member companies through the development of new ecosystems, refinement of our service offering and forging of new strategic partnerships around the world. This approach has enabled us to maintain our peak performance and drive new levels of growth in areas like crypto, gaming and energy as well as in key focus markets like China."

.@DMCCAuthority closes its second most successful year on record by welcoming 2,692 new companies to #Dubai in 2023, bringing the total number of companies in DMCC to over 24,000.https://t.co/IAWQGat6w2 pic.twitter.com/jXeqD7gfBw

— Dubai Media Office (@DXBMediaOffice) March 11, 2024