45% of US companies in the UAE operate out of Dubai Multi Commodities Centre

Dubai Multi Commodities Centre (DMCC), the free zone and government authority responsible for commodities trade and enterprise, concluded the second edition of its promotional tour in the United States this year, noting that it currently includes 700 American companies, representing more than 45% of the total 1,500 American companies operating from the UAE.

The center said in a statement that the tour was held in the cities of San Francisco in California and Denver in Colorado, in line with the center’s efforts to enhance trade and investment flows between the UAE and the United States in key economic sectors.

In line with its efforts to position the UAE as the largest destination for US FDI in the Middle East, DMCC briefed senior US executives on Dubai’s supportive and unique business environment, including world-class infrastructure and diverse growth opportunities for US companies in Dubai, DMCC added.

“Dubai has been a preferred destination for US companies in the region for many years,” said Ahmed Bin Sulayem, Executive Chairman and Chief Executive Officer, DMCC. “The record levels of trade and investment flows we achieved last year are a testament to this status and reflect the continued attractiveness of the emirate to US companies, supported by several key factors, such as the size of our local market, our advanced infrastructure, our business network and our business-friendly environment.”

“The centre’s free zone currently houses around 700 US companies, representing nearly half of the US companies operating in the UAE. We aspire to strengthen the UAE’s position in the future by expanding our business ecosystem and leveraging the incredible potential in promising sectors such as technology, artificial intelligence, energy and more,” he added.

According to the center, the series of promotional tours it organizes under the title “Made for Trade” plays a pivotal role in highlighting the importance of Dubai as a leading destination for business and investment. Through this series, the center emphasizes the distinctive value that makes the emirate an attractive destination for foreign direct investment.

The Dubai Multi Commodities Centre (DMCC) said it contributes 15% of annual foreign direct investment (FDI) flows into Dubai, and the total number of companies registered in the centre is more than 24,000 from all over the world.

It is noteworthy that non-oil bilateral trade between the UAE and the United States recorded its highest levels ever, reaching $31.4 billion during 2023.