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Dubai's Energy Sector Draws Major Corporations and Experiences Historic Growth

The energy sector of DMCC (Dubai Multi Commodities Centre) has reported highest growth among all other segments and has attracted diverse industry giants, according to the organisation’s top official. "Energy stands as the main commodity space at DMCC, experiencing fast growth this year," said Ahmed Bin Sulayem, Executive Chairman and CEO of DMCC.

"The energy member firms at DMCC have consistently showcased growth, averaging a great 15% year-on-year increment throughout recent years.

However, the peak of this development has been seen in 2023, with a surprising 250 new companies joining the energy sector in just the initial quarter. Today, DMCC serves as the accepted center point and business locale for energy," said Sulayem, who has guided DMCC's journey from a start-up of 28 part companies in 2003 to the world's foremost free trade zone. It currently flaunts north of 23,000 part organizations from 180 nations and utilizes in excess of 68,000 people.

DMCC’s Growing Energy Trade

The scope of DMCC's energy trade incorporates a wide range of items, including both traditional and renewable energy sources. This includes crude oil, natural gas, solar panels, wind turbines, geothermal systems, biofuels, hydrogen, and various energy solutions.

As a part of DMCC's ecosystem for energy companies, it houses an energy club, a powerful industry network that works with proficient systems administration, offers useful direction, and gives market experiences.

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Posted on :9/4/2023