DMCC reported a 21% increase in Colombian companies

According to Amac News: This growth means that DMCC is now home to 23 companies from Colombia and more than 150 companies from across South America, according to the announcement.
DMCC has also signed a Memorandum of Understanding (MoU) with the Bogotá Chamber of Commerce, an important step in further deepening its economic ties with Colombia.
The aim of this new partnership is to increase the exchange of economic information and foster business growth through targeted sponsorship of companies and promotion of events.
DMCC's visit follows the historic signing of the new UAE-Colombia Comprehensive Economic Partnership Agreement (CEPA), which is expected to more than double bilateral non-oil trade to $1 billion over the next five years.
Colombia's rich and innovation-driven commodity market offers diverse export potential, perfectly mapped by the DMCC commodity and Web3 ecosystems.
In 2022, Colombia exported $2.59 billion in bullion, making it a top 30 gold exporter, said Ahmad Bin Salim, DMCC's executive chairman and chief executive officer.
With the implementation of the UAE-Colombia CEPA along with DMCC's new strategic partnership with the Bogotá Chamber of Commerce, there is a great opportunity to use it as a springboard to deepen our regional connectivity and create mutual economic growth.
Ovidio Claros, Executive President of the Bogotá Chamber of Commerce, said our main goal is to offer a series of organizational initiatives and events for Colombian businesses that foster deeper connections and offer opportunities to expand into new markets.
The two Made For Trade Live events were held in partnership with the UAE Embassy in Bogotá, the Bogotá Chamber of Commerce and ANDI - the National Business Association of Colombia. More than 400 Colombian business leaders were briefed on the business attractiveness of Dubai and the ease of doing business in the DMCC business district.
DMCC's roadshow program plays a pivotal role in highlighting Dubai as a premier business destination. Throughout the series, DMCC emphasizes Dubai's distinctive value proposition in attracting foreign direct investment (FDI) to the emirate.
DMCC contributes to Dubai's annual FDI inflows and in 2023, the business district recorded its second best year ever, welcoming nearly 2,700 new companies. DMCC is now home to over 24,000 businesses from around the world.