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Newsletter 02/2020

Member News | Dubai Multi Commodities Centre



DMCC was established by the Government of Dubai in 2002 to attract, enable and promote trade through the emirate. Since then, we have quickly grown to become one of the world’s most interconnected business districts. Trade and entrepreneurship are in our DNA, and along with our 17,000 member companies, we contribute 10% to Dubai’s GDP.

At our core as the licensing authority, we facilitate the registration and set up of companies within our leading global Free Zone in Dubai giving them easy access to discover and penetrate the local, regional and global markets. We provide an environment that fosters success; we have developed world-class infrastructure and state-of-the-art facilities alongside a wide range of products and services for multinationals, SMEs and Startups alike.

But it is all too easy to rest on your laurels. Through continuous innovation, we are able to build upon our past, and current, achievements. 

As part of this, we recently signed an agreement with Crypto Valley VC and CV Labs on the sidelines of Davos 2020 to launch Crypto Valley – the world's largest ecosystem for cryptographic, blockchain and distributed ledger technologies – in Dubai.

The global cryptographic technologies sector ecosystem is growing rapidly, with cryptocurrencies, distributed ledger, blockchain and decentralised transaction platforms enabling the secure exchange of digital assets and aiding a vast range of industries by improving efficiency.

Designed to foster growth, collaboration and integrity across the global blockchain economy, the DMCC Crypto Valley will offer a variety of services including incubation for early-stage startups, co-working facilities, innovation services for corporate clients, blockchain and entrepreneurship training, education, events, mentoring and funding. This partnership means we can offer even more to our growing network of businesses and entrepreneurs.

The agreement commits both parties to collaborate and develop a comprehensive DMCC Blockchain Strategy that is aligned with the Emirates Blockchain Strategy 2021, and supports the Dubai Blockchain Strategy launched by His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council.

Research from our recent Future of Trade report found that blockchain technologies could help reduce up to 20 per cent of the physical paper costs associated with global trade, currently estimated at AED 6.6 trillion (USD 1.8 trillion). From a sustainability perspective, saving millions of tonnes of paper every year by using blockchain across the board would have an enormous impact.

Looking at the continuous implementation of cutting-edge solutions alongside the current leading services and facilities offered within our business district, it’s easy to see why seven new companies join us every day.

For more information on how to join DMCC, please visit

Australian Business Council Offer

Members receive a 20% discount on the license fee when setting up their company at the Free Zone

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