The Dubai Multi Commodities Center (DMCC) has recently announced the successful conclusion of its second Made for Trade Live roadshow in the U.S. this year. The DMCC visited San Francisco, California, and Denver, Colorado, to boost UAE-U.S. trade and investment ties across key economic sectors.
In a bid to uphold the UAE’s status as home to the largest U.S. foreign direct investment stock in the Middle East, DMCC briefed American executives on Dubai’s offerings. The city’s unique business-friendly environment and world-class infrastructure offer multiple opportunities for American businesses.
Bilateral non-oil trade hits record high
DMCC is currently home to around 700 U.S. companies. That is over 45 percent of the 1,500 American businesses in the UAE. With bilateral non-oil trade also reaching an all-time high of $31.4 billion in 2023, DMCC sees significant opportunities for American businesses looking to establish their regional presence and scale up operations from Dubai.
“Dubai has been the longstanding hub of choice for American companies in the region for many years,” stated Ahmed Bin Sulayem, executive chairman and CEO of DMCC.
Read: Dubai Chambers, China Construction Bank partner to boost trade and investment cooperation
DMCC’s expansion into key sectors
Bin Sulayem added that the record levels of trade and investment between the UAE and the U.S. last year are a testament to the country’s position as a business hub. With the addition of more U.S. companies, DMCC seeks to expand its business ecosystems and tap into the huge potential of sectors like tech, AI, energy, and more.
During the second Made for Trade Live roadshow in the U.S., DMCC hosted three events in partnership with key U.S. players including Airtifae, the San Francisco Chamber of Commerce, and the Denver Metro Chamber of Commerce. Notably, the center also contributes 15 percent to Dubai’s annual FDI inflows and is now home to over 24,000 businesses from around the globe.
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