Latest news with #DMCCCryptoCentre
Arabian Business
3 days ago
- Business
- Arabian Business
Dubai free zone DMCC attracts 1,100 new companies in H1 2025 as tech and trade ecosystems surge
Dubai Multi Commodities Centre (DMCC) welcomed more than 1,100 new companies in the first half of 2025, bringing its total membership to nearly 26,000. The growth reinforces DMCC's position as one of the world's leading hubs for trade, technology, and innovation, contributing around 15 per cent of Dubai's annual FDI and 7 per cent of GDP. The DMCC Crypto Centre surpassed 700 companies following a 38 per cent year-on-year increase, helping push the total number of tech firms in the district to more than 3,300. Dubai Multi Commodities Centre growth Key growth drivers included strong demand from China, Türkiye, and the UK, expanded licensing options, and deepening commercial ties across Asia. Ahmed Bin Sulayem, Executive Chairman and Chief Executive Officer, DMCC, said: 'This continued growth reaffirms the enduring strength of our value proposition and Dubai's appeal as a global business destination. 'In the face of rapid transformation brought by AI and other frontier technologies, we are intensifying our focus on high-growth sectors while expanding our ecosystems, service offering, and physical infrastructure to support the next wave of innovation-led investment. 'From advanced technology to established commodities, DMCC remains the business district of choice for ambitious enterprises looking to scale with confidence.' Techs in the city DMCC's technology ecosystem saw significant momentum: Crypto Centre: More than 700 companies, including and Animoca Brands opening first regional offices Gaming Centre: Now more than 140 companies. AI Centre: Expanded to more than 110 companies since its launch in September 2024 Together, these centres host almost 1,000 firms, cementing DMCC's position as a global Web3 and emerging tech hub. To meet rising demand, DMCC has started construction on Crypto Tower in Jumeirah Lakes Towers — a 17-storey landmark with blockchain incubators, an AI innovation floor, and gold vault facilities. Commodities and new Sectors DMCC marked major milestones in commodities: UAE surpassed one billion carats of diamonds traded in five years Record coffee price of $10,020 per kilo at the inaugural DMCC Specialty Coffee Auction Strategic partnership with AQUA-INDEX to launch the first water-backed digital asset, paving the way for the DMCC Water Centre International growth and licensing innovation at DMCC Company registrations from the UK rose 23 per cent year-on-year to nearly 2,200, Türkiye grew 22 per cent to around 700, and Chinese companies increased almost 10 per cent to just under 1,000. New Special Purpose Vehicle (SPV) and Holding Company licences have proven attractive to multinationals and family offices. Real estate and lifestyle growth Construction continued at pace in Uptown Dubai and JLT, including two new Grade A commercial towers, Mercer House luxury residences, and W Residences by Marriott International. New dining concepts, such as Uptown Social and further enhance the district's lifestyle offering. Future growth Building on a strong 2024, DMCC enters the second half of 2025 with a clear focus on scaling advanced technology sectors, driving sustainable trade, and deepening its role as a gateway for global business.
Zawya
3 days ago
- Business
- Zawya
DMCC welcomes over 1,100 companies in H1 2025
DMCC adds over 1,100 new companies in H1 2025, as district nears 26,000 overall DMCC Crypto Centre surpasses 700 companies with 38% YoY growth, bringing total tech companies in DMCC to over 3,300 Growth supported by strong overseas demand in key markets, new licensing options, and major investment in ecosystems as part of 10-year growth strategy Real estate expansion continues with key groundbreakings and new F&B openings Dubai, UAE: DMCC, the leading international business district that drives the flow of global trade through Dubai, welcomed over 1,100 new companies in the first half of 2025, bringing its district-wide total to almost 26,000 members. The DMCC Crypto Centre also crossed a significant milestone, surpassing 700 companies following a 38% year-on-year increase, and taking the total number of tech companies within the district to over 3,300. Growth was fuelled by strong demand from key overseas markets such as China, Türkiye and the United Kingdom, new licensing options, and expanded commercial reach in Asia. Strategic investment in DMCC's sector-specific ecosystems and real estate portfolio – as part of its 10-year growth strategy – also played a key role in driving momentum. Meanwhile, the expansion of DMCC's flagship districts of Jumeirah Lakes Towers (JLT) and Uptown Dubai continued at pace, marked by major groundbreakings and new F&B openings. The results reflect the strength of DMCC's integrated model – combining operational clarity, world-class infrastructure and ecosystems. With plans underway to expand into emerging sectors such as water and quantum technologies, DMCC remains a vital contributor to Dubai's diversified economy – accounting for 15% of its annual FDI and 7% of GDP. Ahmed Bin Sulayem, Executive Chairman and Chief Executive Officer, DMCC, said: 'With over 1,100 new companies joining in the first half of the year—driven by robust growth from China, Türkiye, and the UK – DMCC is now rapidly approaching 26,000 member companies. This continued growth reaffirms the enduring strength of our value proposition and Dubai's appeal as a global business destination. In the face of rapid transformation brought by AI and other frontier technologies, we are intensifying our focus on high-growth sectors while expanding our ecosystems, service offering, and physical infrastructure to support the next wave of innovation-led investment. From advanced technology to established commodities, DMCC remains the business district of choice for ambitious enterprises looking to scale with confidence.' Feryal Ahmadi, Deputy CEO and Chief Operating Officer, DMCC, added: 'Our first-half performance is a direct result of our long-term commitment to building high-performance ecosystems that deliver commercial impact and operational value for our members. From real estate to technology and trade, every layer of our district is designed to meet global demand – and these results demonstrate that alignment. As we move into the second half of the year, we will continue to expand our services, accelerate infrastructure delivery and unlock new opportunities for growth across all sectors.' Rapid Tech Ecosystem Growth DMCC's integrated technology ecosystem continued to gain traction, with the DMCC Crypto Centre surpassing 700 companies – a 38% increase year-on-year – driven by the addition of leading firms such as and Animoca Brands, with both establishing their first regional offices in the district. The DMCC Gaming Centre grew to over 140 companies, while the DMCC AI Centre, launched last September, expanded to over 110 companies. In total, DMCC now counts almost 1,000 companies licensed through these three centres alone – and over 3,300 tech companies district-wide as it continues to reinforce its leading position as a global hub for Web3 and emerging technologies. In response to DMCC's rapidly growing Web3 community, in January DMCC and REIT Development announced the construction of Crypto Tower – a landmark 17-storey project in JLT that will include over 150,000 square feet of leasable space, nine office floors, three dedicated floors for blockchain incubators, an AI innovation floor, a crypto club, gold bullion shop and vault storage area. DMCC also revealed plans for a new ecosystem – DMCC Quantum – aimed at supporting quantum-era innovation and establishing Dubai as a leading gateway for this emerging field. Commodities Milestones: Record Coffee Prices, Diamond Trade, and Water Innovation In the commodities space, DMCC continued to reach major milestones. In a defining moment, His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence, visited the Dubai Diamond Exchange – the largest diamond tender facility in the world with over 1,350 companies. The visit coincided with DMCC's announcement that the UAE surpassed one billion carats of diamonds traded over the past five years, underscoring Dubai's position as the global capital of the diamond trade. The inaugural DMCC Specialty Coffee Auction held at World of Coffee in February showcased some of the world's rarest and finest coffees and set record prices – including the highest-selling coffee from Finca Sophia, a farm in Panama, that sold for USD 10,020 per kilo. Meanwhile, DMCC also launched a strategic partnership with AQUA-INDEX to support the world's first water-backed digital asset token – further laying the foundation for the new DMCC Water Centre, a platform for sustainable water innovation, trading and investment. Strong Demand in Global Markets DMCC continued to attract strong international investment in the first half of 2025, with notable growth from key overseas markets. Company registrations from the United Kingdom rose by over 23% year-on-year, bringing the total number of British companies in the district to nearly 2,200. Türkiye also recorded robust growth, with a 22% year-on-year increase and close to 700 Turkish companies now operating within DMCC. Meanwhile, the number of Chinese companies grew by nearly 10%, reaching a total of almost 1,000. In February, DMCC signed two strategic partnerships with Beijing Innovation Service Hub and Beijing Chaoyang CCPIT to enhance bilateral trade and business connectivity with China. Expanded Licensing Options and Southeast Asia Presence International growth was further supported by the introduction of two new licensing categories – Special Purpose Vehicles (SPVs) and Holding Company licences – providing greater flexibility for companies to structure investments, manage assets, and oversee regional operations. These new licences have proven especially attractive for family offices, investment firms and multinationals entering the UAE. To enhance its presence in Southeast Asia, DMCC appointed Hawksford as its International Sales Partner in Singapore, enabling deeper engagement and support for businesses across the region. Property Groundbreakings and World-Class F&B DMCC continued to expand its built environment to support demand from businesses and residents, enhancing its position as a thriving mixed-use district at the heart of Dubai. In Uptown Dubai, DMCC's dynamic new district, DMCC broke ground and appointed the main works contractor for two new commercial towers that will deliver 62,000 square metres of premium Grade A office space and connect directly to Uptown Plaza, a world-class public realm. On the residential side, DMCC broke ground on Mercer House, a luxury twin-tower development by Ellington Properties offering premium living, wellness facilities and Dubai's first private urban beach club. A number of new F&B options also opened at The Atrium, including Uptown Social, a specialty coffee house, and an upscale Turkish seafood restaurant serving a range of Mediterranean and Aegean-inspired dishes. In JLT, DMCC's flagship mixed-use district, DMCC and Signature Developers broke ground on W Residences by Marriott International – a 38-storey development that will house approximately 185 exclusive residences – as it continues to transform JLT into one of most dynamic and desirable districts in Dubai. The project is part of DMCC's wider real estate transformation that has seen 19 major developments break ground or commence construction across JLT and Uptown Dubai over the past two years. Building on a Strong 2024 Foundation The strong results in H1 2025 build on a successful 2024, during which DMCC attracted 2,048 new companies, launched the DMCC Sustainability Hub, and expanded its global footprint through international engagement and partnerships. With its expanding member base, strategic partnerships and infrastructure pipeline, DMCC enters the second half of 2025 firmly focused on accelerating growth in advanced technologies, sustainable trade, and global connectivity. Media Enquiries: DMCC PR & Corporate Communications pr@ About DMCC DMCC is a leading international business district that drives the flow of global trade through Dubai. We make it easier for our members to do business, helping them access the world's fastest growing markets from a dynamic district that offers everything they need to thrive. This approach is why we are the preferred location for over 25,000 top multinationals and high-impact startups, contributing significantly to Dubai's position as a global hub for trade and innovation. DMCC is where the world does business. For more information, visit
Al Bawaba
3 days ago
- Business
- Al Bawaba
DMCC Welcomes Over 1,100 Companies in H1 2025, Crosses 700 Crypto Members, Supported by Overseas Markets, Ecosystem Investment and Real Estate Expansion
DMCC, the leading international business district that drives the flow of global trade through Dubai, welcomed over 1,100 new companies in the first half of 2025, bringing its district-wide total to almost 26,000 members. The DMCC Crypto Centre also crossed a significant milestone, surpassing 700 companies following a 38% year-on-year increase, and taking the total number of tech companies within the district to over 3, was fuelled by strong demand from key overseas markets such as China, Türkiye and the United Kingdom, new licensing options, and expanded commercial reach in Asia. Strategic investment in DMCC's sector-specific ecosystems and real estate portfolio – as part of its 10-year growth strategy – also played a key role in driving momentum. Meanwhile, the expansion of DMCC's flagship districts of Jumeirah Lakes Towers (JLT) and Uptown Dubai continued at pace, marked by major groundbreakings and new F&B results reflect the strength of DMCC's integrated model – combining operational clarity, world-class infrastructure and ecosystems. With plans underway to expand into emerging sectors such as water and quantum technologies, DMCC remains a vital contributor to Dubai's diversified economy – accounting for 15% of its annual FDI and 7% of Bin Sulayem, Executive Chairman and Chief Executive Officer, DMCC, said: 'With over 1,100 new companies joining in the first half of the year—driven by robust growth from China, Türkiye, and the UK – DMCC is now rapidly approaching 26,000 member companies. This continued growth reaffirms the enduring strength of our value proposition and Dubai's appeal as a global business destination. In the face of rapid transformation brought by AI and other frontier technologies, we are intensifying our focus on high-growth sectors while expanding our ecosystems, service offering, and physical infrastructure to support the next wave of innovation-led investment. From advanced technology to established commodities, DMCC remains the business district of choice for ambitious enterprises looking to scale with confidence.'Feryal Ahmadi, Deputy CEO and Chief Operating Officer, DMCC, added: 'Our first-half performance is a direct result of our long-term commitment to building high-performance ecosystems that deliver commercial impact and operational value for our members. From real estate to technology and trade, every layer of our district is designed to meet global demand – and these results demonstrate that alignment. As we move into the second half of the year, we will continue to expand our services, accelerate infrastructure delivery and unlock new opportunities for growth across all sectors.'Rapid Tech Ecosystem GrowthDMCC's integrated technology ecosystem continued to gain traction, with the DMCC Crypto Centre surpassing 700 companies – a 38% increase year-on-year – driven by the addition of leading firms such as and Animoca Brands, with both establishing their first regional offices in the district. The DMCC Gaming Centre grew to over 140 companies, while the DMCC AI Centre, launched last September, expanded to over 110 companies. In total, DMCC now counts almost 1,000 companies licensed through these three centres alone – and over 3,300 tech companies district-wide – as it continues to reinforce its leading position as a global hub for Web3 and emerging response to DMCC's rapidly growing Web3 community, in January DMCC and REIT Development announced the construction of Crypto Tower – a landmark 17-storey project in JLT that will include over 150,000 square feet of leasable space, nine office floors, three dedicated floors for blockchain incubators, an AI innovation floor, a crypto club, gold bullion shop and vault storage areaDMCC also revealed plans for a new ecosystem – DMCC Quantum – aimed at supporting quantum-era innovation and establishing Dubai as a leading gateway for this emerging Milestones: Record Coffee Prices, Diamond Trade, and Water InnovationIn the commodities space, DMCC continued to reach major milestones. In a defining moment, His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence, visited the Dubai Diamond Exchange – the largest diamond tender facility in the world with over 1,350 companies. The visit coincided with DMCC's announcement that the UAE surpassed one billion carats of diamonds traded over the past five years, underscoring Dubai's position as the global capital of the diamond inaugural DMCC Specialty Coffee Auction held at World of Coffee in February showcased some of the world's rarest and finest coffees and set record prices – including the highest-selling coffee from Finca Sophia, a farm in Panama, that sold for USD 10,020 per DMCC also launched a strategic partnership with AQUA-INDEX to support the world's first water-backed digital asset token – further laying the foundation for the new DMCC Water Centre, a platform for sustainable water innovation, trading and Demand in Global MarketsDMCC continued to attract strong international investment in the first half of 2025, with notable growth from key overseas markets. Company registrations from the United Kingdom rose by over 23% year-on-year, bringing the total number of British companies in the district to nearly 2,200. Türkiye also recorded robust growth, with a 22% year-on-year increase and close to 700 Turkish companies now operating within DMCC. Meanwhile, the number of Chinese companies grew by nearly 10%, reaching a total of almost 1,000. In February, DMCC signed two strategic partnerships with Beijing Innovation Service Hub and Beijing Chaoyang CCPIT to enhance bilateral trade and business connectivity with Licensing Options and Southeast Asia PresenceInternational growth was further supported by the introduction of two new licensing categories – Special Purpose Vehicles (SPVs) and Holding Company licences – providing greater flexibility for companies to structure investments, manage assets, and oversee regional operations. These new licences have proven especially attractive for family offices, investment firms and multinationals entering the UAE. To enhance its presence in Southeast Asia, DMCC appointed Hawksford as its International Sales Partner in Singapore, enabling deeper engagement and support for businesses across the Groundbreakings and World-Class F&BDMCC continued to expand its built environment to support demand from businesses and residents, enhancing its position as a thriving mixed-use district at the heart of Uptown Dubai, DMCC's dynamic new district, DMCC broke ground and appointed the main works contractor for two new commercial towers that will deliver 62,000 square metres of premium Grade A office space and connect directly to Uptown Plaza, a world-class public realm. On the residential side, DMCC broke ground on Mercer House, a luxury twin-tower development by Ellington Properties offering premium living, wellness facilities and Dubai's first private urban beach club. A number of new F&B options also opened at The Atrium, including Uptown Social, a specialty coffee house, and an upscale Turkish seafood restaurant serving a range of Mediterranean and Aegean-inspired JLT, DMCC's flagship mixed-use district, DMCC and Signature Developers broke ground on W Residences by Marriott International – a 38-storey development that will house approximately 185 exclusive residences – as it continues to transform JLT into one of most dynamic and desirable districts in Dubai. The project is part of DMCC's wider real estate transformation that has seen 19 major developments break ground or commence construction across JLT and Uptown Dubai over the past two on a Strong 2024 Foundation The strong results in H1 2025 build on a successful 2024, during which DMCC attracted 2,048 new companies, launched the DMCC Sustainability Hub, and expanded its global footprint through international engagement and partnerships. With its expanding member base, strategic partnerships and infrastructure pipeline, DMCC enters the second half of 2025 firmly focused on accelerating growth in advanced technologies, sustainable trade, and global connectivity.
Business Insider
25-06-2025
- Business
- Business Insider
DWF Labs and DMCC Renew Strategic Agreement to Accelerate Blockchain Innovation in the MENA Region
Dubai, UAE, June 25th, 2025, Chainwire DWF Labs, a next-generation Web3 market maker and investor, is pleased to announce the renewal of its strategic partnership with DMCC, the leading international business district that drives the flow of global trade through Dubai. This collaboration reaffirms both parties' commitment to advancing blockchain and Web3 innovation across the Middle East. Since the launch of the partnership, DWF Labs has actively supported the growth of Dubai's crypto ecosystem through its global investment network and market infrastructure expertise. DWF Labs has invested 7 figures in companies operating out of the DMCC Crypto Centre to date, providing capital and strategic support to founders across multiple verticals within the Web3 space. The renewed agreement focuses on deepening this collaboration by fostering an environment where blockchain startups can access the capital, tools, and mentorship required to scale internationally. At the heart of this collaboration is the DWF Venture Studio, which continues to serve as a platform for startups within the DMCC Crypto Centre community. The initiative offers advisory support, global market access, and integration pathways to digital asset exchanges, further enabling Web3 founders to navigate both regional and global markets. With over 650 crypto and blockchain firms now operating out of DMCC, the Crypto Centre has become a vibrant hub for Web3 development in the region. This renewed partnership enhances that ecosystem by extending DWF Labs's global reach, technical insight, and strategic resources to entrepreneurs building from Dubai. Andrei Grachev, Managing Partner at DWF Labs, commented: 'Our renewed partnership with DMCC reflects a shared vision to make Dubai a launchpad for the next generation of Web3 projects. As the region's ecosystem matures, we are excited to work closely with builders who are driving innovation in digital finance, infrastructure, and applications.' In November 2024, DWF Labs co-sponsored one of the largest Web3 hackathons in the region, co-hosted by Bybit and DMCC Crypto Centre. The event brought together 15 global Web3 startups building in areas such as tokenisation, AI, Web3 infrastructure and decentralised identity, with the top five projects sharing a USD 160,000 prize pool. The hackathon further demonstrated DWF Labs' hands-on role in supporting DMCC to advance the Web3 ecosystem in Dubai. Belal Jassoma, Senior Director - Ecosystems (Tech), DMCC, added: 'Our renewed partnership with DWF Labs signals a deepening of our shared commitment to accelerating Web3 innovation in the region. Through the DWF Venture Studio, their global network and active engagement across our ecosystem, startups at the DMCC Crypto Centre gain invaluable access to the tools, mentorship and funding needed to thrive. With over 650 crypto companies now in our community, this collaboration strengthens our ability to support visionary founders as they scale from Dubai to the world.' This renewed collaboration also aligns with the UAE's Digital Government Strategy 2025, which emphasizes digital-by-design systems, data-driven innovation, and the creation of resilient, future-ready infrastructure. As Dubai advances its ambition to become a global hub for blockchain and emerging technologies, DWF Labs remains committed to supporting builders who are contributing to this vision through scalable, compliant, and globally competitive Web3 solutions. About DWF Labs DWF Labs is the new generation Web3 investor and market maker, one of the world's largest high-frequency cryptocurrency trading entities, which trades spot and derivatives markets on over 60 top exchanges. Learn more: About DMCC DMCC is a leading international business district that drives the flow of global trade through Dubai. We make it easier for our members to do business, helping them access the world's fastest-growing markets from a dynamic district that offers everything they need to thrive. This approach is why we are the preferred location for over 25,000 top multinationals and high-impact startups, contributing significantly to Dubai's position as a global hub for trade and innovation. DMCC is where the world does business. For more information, visit Contact VP of Communications Lynn Chia
Hi Dubai
16-06-2025
- Business
- Hi Dubai
Bitcoin.com Establishes MENA Base in Dubai through DMCC Crypto Centre
a global leader in crypto education and self-custodial solutions, has launched its first Middle East and North Africa office in Dubai, joining the DMCC Crypto Centre. The move strengthens Dubai's position as a leading global hub for blockchain and Web3 innovation. The DMCC Crypto Centre, located in Uptown Tower, is home to more than 650 companies across the blockchain and digital asset value chain. It offers a comprehensive ecosystem that includes infrastructure support, mentoring, access to capital, and strategic partnerships — making it the region's largest concentration of crypto firms. With this expansion, aims to contribute to the emirate's fast-growing digital economy while leveraging its global expertise to support local and regional growth in the crypto space. The company has introduced millions to digital assets through its news platform and educational tools. Belal Jassoma, Director of Ecosystems at DMCC, said the partnership underscores Dubai's global appeal for Web3 companies and the Crypto Centre's role as a launchpad for blockchain innovation. Corbin Fraser, CEO of praised Dubai's progressive regulatory environment and DMCC's robust infrastructure as key factors behind the decision. 'Dubai is one of the most welcoming environments in the world for Web3 companies,' he said. Dubai's emergence as a digital asset hub is underpinned by its forward-looking regulatory framework, including the establishment of the Virtual Assets Regulatory Authority (VARA) — the world's first independent regulator for virtual assets. The DMCC now hosts over 25,000 businesses, including more than 3,200 tech companies. With over 800 firms across its technology-focused centres — including the Crypto, Gaming and AI hubs — DMCC continues to cement its role as a magnet for digital innovation. News Source: Dubai Media Office
