Dubai Chambers has signed a Memorandum of Understanding (MoU) with DMCC (Dubai Multi Commodities Centre) aimed at enhancing Dubai’s position as a global destination for digital investments.
Read also – ADB Provides $10 Mn Grant to Address Gender-Based Violence in Cambodia
The agreement will provide access to comprehensive service packages for companies looking to launch and expand from Dubai to the world by leveraging the promising investment opportunities available in key digital economy sectors.
Read also – IFC Supports $70 Mn to Çimsa’s Decarbonization Plans in Türkiye
As part of the MoU, DMCC will offer special business setup support packages for companies attracted to the emirate by Dubai Chambers, particularly those specialising in cryptocurrencies, artificial intelligence, and gaming. Companies will also benefit from opportunities to participate in DMCC’s knowledge series events, as well as access the services of DMCC’s compliance hub and tax clinics on a complimentary basis.
Khalid Al Jarwan, Vice President of Operations and acting Vice President of Digital and Commercial Sectors at Dubai Chambers, commented: “Through this agreement with DMCC, we aim to cement Dubai’s position as a global hub for the digital economy and a leading incubator for innovative companies specialising in future-facing sectors. This comes as part of our commitment to attracting global investments to Dubai and developing an advanced digital business ecosystem in the emirate.”
Feryal Ahmadi, Chief Operating Officer, DMCC said: “In contributing 15% of Dubai’s annual foreign direct investment, DMCC has become a core driver in attracting international capital and investment flows to the emirate – in particular for areas of the digital economy such as AI, crypto and gaming. Our partnership with Dubai Chambers will provide dedicated support for global companies at the forefront of Web3, together further positioning Dubai as the chosen destination for innovation-focused investments.”
Dubai Chambers plays a key role in supporting the objectives of the Dubai Economic Agenda (D33), which aims to double the size of the emirate’s economy over the next decade and position Dubai as one of the top three cities globally. The chambers’ strategic priorities include improving Dubai’s favourable business environment, attracting international businesses and investments into Dubai, and driving the international expansion of Dubai Chambers’ members, as well as accelerating the growth of Dubai’s digital economy, increasing the effectiveness of advocacy, and sustaining a climate of institutional and customer excellence.
About Dubai Chambers
Dubai Chambers is the engine of Dubai’s economic development and business growth. As the umbrella organisation of Dubai Chamber of Commerce, Dubai International Chamber, and Dubai Chamber of Digital Economy, the organisation empowers the local business community, builds and reinforces international partnerships, and accelerates the growth of the digital economy to cement the emirate’s position as a leading global hub for business, trade, and investments.
Each of the three chambers has its own distinct strategies and objectives while also working together as a unified chamber dedicated to achieving the ambitions of the Dubai Economic Agenda (D33), which seeks to double the size of the emirate’s economy by 2033 and establish Dubai among the top three global cities.
About DMCC (Dubai Multi Commodities Centre)
Headquartered in Dubai, DMCC is the world’s most interconnected Free Zone, and the leading trade and enterprise hub for commodities. Whether developing vibrant neighbourhoods with world-class property like Jumeirah Lakes Towers and the much anticipated Uptown Dubai, or delivering high performance business services, DMCC provides everything its dynamic community of over 100,000 people needs to live, work and thrive.
DMCC has a strong track record in commodity trade through the platforms we provide including gold and diamond vaults and secure transport; trading platforms like the Dubai Gold & Commodities Exchange, Dubai Diamond Exchange and DMCC Tradeflow, the dedicated online platform for registering possession and ownership of commodities stored in UAE-based storage facilities; the DMCC Coffee Centre; the DMCC Tea Centre; the UAE Kimberley Process Certification Scheme; and a range of commodities backed financial investment tools.
