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Annual Report 2023

DMCC is

Made for Trade

It is why we are consistently recognised as the world’s premier international business district and number one Free Zone

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A message from the Executive Chairman and Chief Executive Officer

“For DMCC, while 2022 was about growth, 2023 showcased our ability to sustain performance whilst undertaking crucial infrastructure expansions.

As a result, we broke the 24,000 members mark, closing out the year with 2,692 new companies in our second most-successful year on record.

Figures such as these illustrate why DMCC today is worth 11% of all foreign direct investment to Dubai, and 7% of its GDP. We remain unfailing in our ability to provide the environment, services and ease of doing business needed for international industry to thrive.”

Ahmed Bin Sulayem
Executive Chairman and Chief Executive Officer, DMCC

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2023 in numbers

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2,692

Businesses joined DMCC in 2023

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100K+

People live and work in DMCC’s JLT district

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600+

Food and beverage outlets within the JLT community

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11

Companies register and join DMCC every working day

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9.75%

Annual growth rate in the last 3 years

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11%

DMCC share of foreign direct investment in Dubai

Trade highlights

icon-circle-diamond Diamonds

17.8%

DMCC’s Dubai Diamond Exchange held over 70 tenders throughout the year. Meanwhile DMCC continued its strong positioning of other precious stones segments, hosting the International Coloured Gemstone Association Annual Congress and the world’s first Lab-grown Diamond Symposium in Dubai.

icon-circle-coffee-beans Coffee

7,330

Metric tonnes of coffee handled.

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32,000

Metric tonnes of tea handled.

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AED 1.9T

Total value of transactions.

icon-circle-dgcx DGCX

5.4M

Contracts traded with a notional value over USD 115.3 billion.

Free Zone

DMCC saw its second-most successful year on record, with 2,692 new companies joining, taking the total registered companies to over 24,000.

This success was down to a number of factors, including international outreach to 25 focus markets, expanding into new industry sectors, and enhancing digitalisation services across the board.

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Property and community

2023 was an exceptional year for DMCC’s business district, with the soft launch of Uptown Tower gathering a number of industry-leading awards, the expansion of Uptown Dubai district, key plot sales, and smart and sustainable infrastructure upgrades for the JLT community.

Ecosystems