Dubai Multi Commodities Centre achieves record growth

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The Dubai Multi Commodities Centre (DMCC) Authority has announced that it achieved its best year on record, attracting 2,485 companies, representing 146 geographies, to Dubai in 2021. The record-breaking performance follows on from the 2,025 companies that joined the business district in 2020. The growth was fuelled by strong international demand, the expansion of its commodities centres and the launch of the DMCC Crypto Centre. DMCC also attracted companies from a diverse range of sectors in key target markets, including China, US, UK and Russia, indicating the emirate’s continued commercial appeal, and the ease of setting up and doing business at DMCC. Ahmed Bin Sulayem, executive chairman and chief executive officer, DMCC, said: “With our sights set firmly on positioning Dubai as the pre-eminent place to do business in any sector, DMCC has seen substantial growth across all aspects of the business. This unprecedented performance is reflective of the value that DMCC provides to its member companies through its facilities and services, and the significant progress we are making in emerging sectors such as crypto.” Launched in May last year, the DMCC Crypto Centre is an ecosystem for businesses operating in the cryptographic and blockchain sectors. DMCC is also working