Friday 14 January 2022
Dubai Multi Commodities Center (DMCC) said it has achieved its best year on record, attracting 2,485 companies to Dubai in 2021. The year also saw DMCC achieve its best June, August, September, and November, reaching a total of over 20,000 member companies. The record-breaking performance follows on from the 2,025 companies that joined the business district in 2020.
Driven by strong international demand, the expansion of its commodities centers, and the launch of the DMCC Crypto Center, DMCC attracted companies from a broad range of sectors. Significant attraction was seen in key target markets, including China, US, UK, and Russia, demonstrating Dubai’s continued commercial appeal, and the ease of setting up and doing business at DMCC.
In partnership with CV Labs, DMCC inaugurated the DMCC Crypto Center, a comprehensive ecosystem for businesses operating in the cryptographic and blockchain sectors. In April 2021, DMCC signed a land sale and purchase agreement with REIT Development to establish the largest precious metals refinery and storage facility in the GCC and the first to be completely enabled by blockchain. The facility will refine and store precious metals including gold, silver, platinum, palladium, and rhodium.