The Dubai Multi Commodities Centre (DMCC) free zone licensed an additional 1,230 businesses in the first six months of 2021, the highest number since 2013. This builds on the 2,025 firms that signed up last year, benefiting from the DMCC’s COVID-19 relief packages and incentives.
“We have carried over the record-breaking performance of 2020 into 2021, with another set of very strong achievements across all our pillars,” said DMCC executive chairman and CEO Ahmed Bin Sulayem. “We expect to reach 20,000 members by year end – a target I am confident we will achieve.”
In May that DMCC opened the DMCC Crypto Centre, an ecosystem for businesses operating in the cryptographic and blockchain sectors, in partnership with CV Labs. Located in Almas Tower, the Crypto Centre is to be a hub for the development and application of crypto and blockchain technologies.
In April, DMCC also signed a 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 in the GCC. The facility will refine and store precious metals including gold, silver, platinum, palladium and rhodium.