DMCC, the world's flagship free zone and the Dubai Government Authority for Trade and Commerce, said in a statement that it had registered 1,023 new member companies in the first half of 2024.

According to Amac News: The announcement of DMCC states that by registering this group of new members in the company, the number of them has increased to almost 25,000 companies.
DMCC now accounts for 15% of total foreign direct investment (FDI) in Dubai, up 11% from last year and 7% of the UAE's GDP.
DMCC's focus for the second half of 2024 is the consolidation of major real estate developments in Uptown Dubai and Jumeirah Lakes Towers (JLT) as well as the strategic expansion of its ecosystem network in high-value sectors such as AI and Web3.
The overall growth of DMCC's business district was led by strong results in a number of sectors, particularly in technology, where DMCC registered 226 new companies, including 14 gaming companies and 9 artificial intelligence companies.
The DMCC Crypto Hub launched 64 new companies, including seven virtual asset service providers (VASP), and its membership has grown by more than 11% year-to-date.
Meanwhile, 159 energy companies joined DMCC in the first half of 2024, bringing its total energy ecosystem to over 3,260.
DMCC also added 140 companies from the financial sector, an increase of 8.5% year-to-date. Solid numbers were also considered in agriculture, precious stones and precious metals.
DMCC is gearing up for the imminent launch of its new Artificial Intelligence Center. The High Tower AI Center is expected to be the next leading innovation platform to drive AI adoption and develop real-world use cases.
The center sits alongside DMCC's other leading Web3 ecosystems, namely DMCC Crypto Center and DMCC Gaming Centre, providing members with a seamless experience as well as networking and collaboration opportunities.
Despite downward pressure on global diamond prices, the UAE recorded a significant increase in diamond trade volume in the first half of the year through the Dubai Diamond Exchange (DDE) DMCC.
For natural diamonds, more than 113 million rough carats and 6.3 million polished carats were traded for a total of 119.4 million carats. This equates to an increase of approximately 12% in the combined rough and polished diamond trade in terms of volume over last year.
Meanwhile, lab-produced diamonds recorded 15.9 million carats in total first-half trade by rough and polished volume, up 51 percent year-over-year, including a 62 percent increase in the rough.
Through these growth figures, DMCC continues to strengthen Dubai's position as the world's leading trading hub for diamonds and gemstones.