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DMCC Crypto Center Surpasses 500 Member Firms in 2022 CryptoBlog

The presence of more than 500 blockchain and Web3 companies within the Crypto Center of the Dubai Multi Commodities Center (DMCC) shows that the demand for space is still very high, according to a press release. According to DMCC CEO Ahmed Bin Sulayem, the “record” number of global new business registrations indicates the extent of investors’ “confidence in the emirate”.

New milestone for DMCC

According to the UAE-based Dubai Multi Commodities Center (DMCC), demand for space in its “Crypto Centre” has increased significantly, as evidenced by the more than 500 blockchain and Web3 companies registered with the Crypto Center by the end of 2022. The surge in demand for space at the DMCC center occurred against the backdrop of a 23% year-over-year increase in enrollees, from 2,485 in 2021 to 3,049 in the end of 2022.

Commenting on what is seen as a new milestone for the commodity center, Ahmed Bin Sulayem, Executive Chairman and CEO of DMCC, said:

Supported by a strong regional macroeconomic landscape, DMCC has effectively accelerated its growth strategy throughout 2022, focusing on supporting its member companies in high-impact sectors such as web3 and blockchain technologies, commodities and world trade. The unprecedented performance this year reflects this acceleration in growth and underscores the significant value that DMCC adds to each of its members.

The CEO also suggested that the “record” number of new company registrations may well indicate the extent of investors’ “confidence in the emirate”.

Meanwhile, Feryal Ahmadi, the chief operating officer (COO) of DMCC suggested that his organization would seek to “build on its position of strength by further improving its services and offerings” and forging new alliances to worldwide.

What are your thoughts on this story? Let us know what you think in the comments section below.

Terence Zimwara

Terence Zimwara is an award-winning journalist, author and writer in Zimbabwe. He has written extensively on the economic issues of some African countries as well as how digital currencies can provide an escape route for Africans.

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