DMCC Looks to Grow $23bln UAE-US Trade Corridor

Dubai Multi Commodities Centre (DMCC) has successfully concluded the Made For Trade Live events in New York and Miami as it seeks to attract more companies from the U.S. to the UAE.

DMCC sees significant opportunities for growth between the United States and the UAE and is aiming to grow the trade corridor between the two nations. 

The trade corridor between the U.S. and UAE was worth $23 billion last year in 2021. This was partly due to the recently signed codeshare agreement between United Airlines and Emirates Airlines. 

DMCC is home to more than one-third of the approximately 1,500 American businesses in the UAE. It has played a huge role in enhancing U.S.-UAE trade and business relations. 

DMCC had two Made For Trade Live events, one in Miami and one in New York, hosted in partnership with AmCham Dubai, Brooklyn Chamber of Commerce, and Versailles Ventures. 

The events saw 120 business leaders from the two big American cities briefed on the commercial appeal of Dubai and the ease of doing business with DMCC, the fastest growing and most interconnected free zone in the world. 

Dubai has become firmly positioned as a global hub for financial services, crypto, and commodities trade. 

DMCC executives highlighted the opportunities in Dubai for U.S. businesses in these key areas.

The Executive Chairman and Chief Executive Officer of DMCC Ahmed Bin Sulayem said Dubai is the perfect place for U.S. businesses to expand their operations. 

“These trade roadshows allow DMCC to highlight the Dubai and wider UAE opportunity, and reflect on our mandate of facilitating trade, removing barriers to entry, and unlocking new business opportunities,” Sulayem said. 

The event will now hit the road and continue the tour, traveling to South America in order to engage with the business communities in Brazil over the coming weeks. 

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