DMCC onboards 1,800 companies within nine months

DMCC onboards 1,800 companies within nine months

04 October 2021

The Dubai free zone DMCC has taken in 1,800 companies during the first nine months of this year, due to the many virtual and physical events promoting DMCC and Dubai as a perfect location to set up businesses, in addition to ease of doing business in Dubai, and the launch of the Crypto Centre earlier this year, which exclusively meant for businesses operating in the cryptographic and blockchain spaces.

The Dubai Free Zone DMCC has onboarded 1,800 new companies during the first nine months of this year – its best showing since its inception in 2002. DMCC, which registered 215 new businesses in September, said the surge was due to ease of doing business in Dubai, the expansion of the Tea and Coffee Centers, and the launch of the Crypto Centre.

Launching the Crypto Centre earlier this year exclusively meant for businesses operating in the cryptographic and blockchain spaces. It will help develop new technologies that can push the boundaries with this new-fangled assets and ways of transaction. It is “on track to become home to 100 crypto and blockchain companies by the end of the year,” said DMCC in a statement.

“With Expo 2020 Dubai now underway, and significant milestones for the UAE on the horizon, I fully expect we will reach over 20,000 member companies by the end of the year,” said Ahmed Bin Sulayem, Executive Chairman and CEO, DMCC. “As part of our diversification strategy, our Crypto Centre continues to generate significant interest, particularly as Dubai furthers its position to become a global centre of crypto," said Sulayem.

Throughout 2021, DMCC has conducted virtual and physical events in key target markets to promote DMCC and Dubai as a perfect location to set up and do business with some of the world’s fastest-growing economies. “As we have seen with these record-breaking numbers, companies are finding this at DMCC, with a broad range of entrepreneurs, SMEs and multinationals across tech, telecoms, professional services, financial services, precious metals and stones, and energy setting up with us,” said Ahmad Hamza, Executive Director – Free Zone, DMCC.

Source: Dubai's DMCC free zone signs up 1,800 companies for best nine months in nearly 20 years | Markets – Gulf News

Latest News

10 November 2021

UAE Targets 20 Unicorns by 2031

In line with the Entrepreneurial Nation project, the UAE will establish a Dh1 billion private equity fund to support UAE-based start-ups and SMEs operating in key sectors, targeting to become home to 20 unicorns by 2031 by attracting skilled talent and foreign capital.

04 October 2021

Expo 2020 An Opportunity to Reconnect with The World

Expo 2020 Dubai is an opportunity to reconnect with the world after a longtime of isolation post-pandemic. Located at the Dubai Conference Center, which will be the hub for all businesses, the event brings stakeholders a chance to present their brands to millions of visitors coming to this huge event from across the globe.

Questions, comments, or concerns?

We'd love to hear from you

icon 600500006