DMCC has announced that it achieved its best-ever year for new member company registrations, attracting 3,049 new businesses to Dubai in 2022. An increase of 23% year-on-year, this breaks the previous record set in 2021 when DMCC registered 2,485 new members.
The record growth was driven by prominent international demand, DMCC’s continued work within key commodities sectors, and the growing demand from blockchain and web3 businesses for space at the DMCC Crypto Centre, to the extent that the Crypto Centre is now home to over 500 companies. Each of these areas was underpinned by DMCC’s commitment to increasing the ease of setting up and doing business in Dubai.
As blockchain and web3 technologies create increasingly positive economic and social impacts across all sectors and industries, the DMCC Crypto Centre has seen its community grow rapidly over 2022. Now home to over 500 members, it represents the largest concentration of crypto and blockchain companies in the region.
DMCC Crypto Centre partnered with global VC firm Brinc to provide its members with access to their USD 150 million accelerator fund. Brinc is a portfolio company of Animoca Brands, a global leader in web3 and blockchain investment. This major partnership supports the long-term and rapid growth of the companies that develop web3 and blockchain technologies and associated value-added services at the DMCC Crypto Centre.