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Dubai Multi Commodities Centre

Logo: dmcc, CC BY-SA 4.0, via Wikimedia Commons3

Free-trade zone in Dubai

The Dubai Multi Commodities Centre (DMCC) is a commodities exchange and free-trade zone in the United Arab Emirates. It is located in the Jumeirah Lake Towers district of Dubai. The DMCC was created in 2002 and deals in four main sectors: precious commodities (e.g., gold, diamonds); energy; steel and metals and agricultural commodities (e.g., tea, cotton).2 Wikipedia text CC BY-SA 4.0

Last updated Oct 21, 2026.

Overview

2002Founded1
  • Industrycommodities exchange1
  • HeadquartersAlmas Tower1
  • Websitewww.dmcc.ae

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The Dubai Multi Commodities Centre (DMCC) is a commodities exchange and free-trade zone in the United Arab Emirates. It is located in the Jumeirah Lake Towers district of Dubai. The DMCC was created in 2002 and deals in four main sectors: precious commodities (e.g., gold, diamonds); energy; steel and metals and agricultural commodities (e.g., tea, cotton).2

The story

On 1 May 2002, Crown Prince Mohammed bin Rashid Al Maktoum issued a royal decree to establish the Dubai Multi Commodities Centre (DMCC) as a center for commodities trading. Further regulations were issued through decrees that clarified the DMCC's status as an independent authority and exempted companies operating in the free-trade zone from taxes, customs duties and regulations of the Dubai Municipality.

Further regulation were issued on 22 March 2003, that clarified the president of the DMCC must be appointed by the Ruler of Dubai and could then appoint a Chief Executive Officer and members of the Board of Directors. The law expanded the mandate of the free-trade zone to establish any other agencies or companies it might need to run the free-trade zone and support companies operating there, including recruitment of personnel, and obtaining financial loans and assistance from banks.

The Dubai Diamond Exchange (DDE) was established in 2004 to facilitate the development of the diamond and coloured gems market. Dubai ranks third behind Antwerp and Mumbai in the leading global diamond hubs in terms of trade, growing from $300 million (Dh1.10 billion) in trade in 2002 to $26 billion in 2016. The Dubai Pearl Exchange (DPE) provides facilities for traders in pearls and holds events like the World Pearl Forum. In early 2011, DPE held the first pearl auctions outside of the Far East.

In 2012, the DMCC launched its own financial products, such as the Dubai Commodity Asset Management (DCAM), Dubai Shariah Asset Management (DSAM), DMCC Tradeflow, and Dubai Gold & Commodities Exchange (DGCX).

In 2018, the DMCC launched the Middle East's first Google for Entrepreneurs Global Tech Hub with AstroLabs Dubai.

In 2020, the DMCC underwent major restructuring. While previously acting as both a free zone and its own authority, the structure of the entity was changed, with the DMCC and DMCC Authority split into separate entities and the DMCC as a center was transferred to the control of the Investment Corporation of Dubai, and the DMCC Authority was transferred under the control of the Dubai Executive Council as a full Dubai government department.

From Wikipedia’s article on Dubai Multi Commodities Centre, shared under CC BY-SA 4.0.4

Timeline

  1. 2002Founded Founded1

Sources

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