The presence of more than 500 blockchain and Web3 companies inside the Crypto Center of the Dubai Multi Commodities Center (DMCC) shows that the demand for space remains very high, according to a statement. According to DMCC CEO Ahmed Bin Sulayem, the “record” number of overall registrations of new companies indicates the degree of “confidence in the emirate” from investors.
New milestone for DMCC
According to the UAE-based Dubai Multi Commodities Center (DMCC), the demand for space in its “Crypto Center” has grown significantly, and this can be evidenced by the more than 500 blockchain and Web3 companies that have registered with the Crypto Center by the end of 2022. The increased demand for space at the DMCC center occurred against the backdrop of a 23% year-over-year increase in the number of registered members, from 2,485 in 2021 to 3,049 by the end of 2022.
Commenting on what is seen as a new milestone for the commodities hub, Ahmed Bin Sulayem, Executive Chairman and CEO of DMCC, saying:
Backed by a strong regional macroeconomic outlook, DMCC has been efficiently accelerating its growth strategy throughout 2022, focusing on supporting its member companies in high-impact sectors such as web3 and blockchain technologies, commodities, and global trade. . This year’s record performance reflects this growth acceleration and highlights the significant value DMCC adds to each of its members.
The CEO also suggested that the “record” number of startup registrations may well indicate the extent of investor “confidence in the emirate”.
Meanwhile, Feryal Ahmadi, DMCC’s chief operating officer (COO), suggested that his organization would look to “leverage its position of strength by further improving its services and offerings” and forging new partnerships around the world.
What are your thoughts on this story? Let us know what you think in the comments section below.
image credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or a solicitation of an offer to buy or sell, or a recommendation or endorsement of any product, service or company. bitcoin.com does not provide investment, tax, legal or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
