The Dubai Multi Commodities Center (DMCC) is the most popular free trade zone in the UAE at the JLT (Jumeirah Lake Towers) in Dubai. It was founded in 2002 to provide the structural, industrial and financial framework needed to build a city center in the world market. It is the most connected free place in the world and the best merchandise for malls and businesses.
With its one-of-a-kind combination of Free Zone designation, cutting-edge commercial and residential real estate, and top-notch financial features and services, DMCC stands out among its competitors.. In addition, continued investment in the most innovative and connected infrastructure and state-of-the-art business services facilitate commerce anywhere in the world.In addition, DMCC's commercial and retail businesses include gold, precious stones, metals, tea and coffee centers and industrial materials. The DMCC houses leading international organizations and start-ups. Power more than 20,000 devices worldwide with advanced technology. In addition, the DMCC generates around 10% of Dubai's GDP.
Additionally, the Development Corporation of Dubai, a sovereign wealth fund, took over as the autonomous DMCC's parent company in August 2020.In 2003, DMCC had 28 employees; by 2022, it had grown to 22,000 partner companies from 180 countries and the largest open space in the world, with over 65,000 workers.