• The Dubai Multi Commodities Centre (DMCC) Crypto Centre surpassed 500 member companies in 2022.
• This is a record-high number of new company registrations and indicates investors’ confidence in the emirate.
• 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 technologies, commodities and global trade.
The Dubai Multi Commodities Centre (DMCC) recently announced that their Crypto Centre has surpassed 500 member companies in 2022 – a record-high number of new company registrations that indicates investors’ confidence in the emirate. This achievement comes as DMCC has been accelerating its growth strategy throughout 2022 and focusing on supporting its member companies in high-impact sectors such as web3 and blockchain technologies, commodities and global trade.
Ahmed Bin Sulayem, the executive chairman and CEO at DMCC, commented on the milestone, saying: “Backed by a strong regional macroeconomic landscape, 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 technologies, commodities and global trade. The unprecedented performance this year reflects this growth acceleration and highlights the significant value that DMCC adds to each of its members.”
Feryal Ahmadi, the chief operating officer (COO) at the DMCC, added that their organization intends to “build on its position of strength by further enhancing and diversifying its portfolio of products, services and activities to meet the growing needs of the business community in the UAE and beyond.”
The DMCC Crypto Centre is a dedicated space for blockchain and Web3 firms to trade and operate. The centre offers a wide range of services, such as providing regulatory guidance and support, developing partnership opportunities, providing technical and academic support, and hosting events and conferences. It is also the first government-backed crypto centre in the Middle East, and is part of the DMCC’s larger strategy to become the world’s leading blockchain centre.
The record-high number of new company registrations at the DMCC Crypto Centre is a strong indicator of the growing demand for blockchain and Web3 firms in the region, as well as investors’ confidence in the emirate. DMCC’s efforts to support members in high-impact sectors are helping to drive economic growth in the UAE and beyond.