DMCC welcomes over 500 Italian companies, focuses on jewellery and precious stones  

With nearly 25,000 businesses now operating within its district, DMCC remains a key hub for companies seeking to expand their presence in the Middle East 

Dubai – DMCC, the premier free zone in Dubai, has announced that it is now home to over 500 Italian companies, reflecting a 6% increase since the beginning of the year. This milestone coincides with the conclusion of the Made for Trade Live (MFTL) roadshow held in Rome and Milan, which emphasised opportunities in the jewellery and precious stones sectors. 

The roadshow highlighted Dubai’s role as a global hub for luxury goods, including jewellery, and aimed to strengthen economic ties between the UAE and Italy. With bilateral trade reaching USD 9 billion in 2023, the UAE continues to be Italy’s largest trading partner in the Arab world. 

Ahmed Bin Sulayem, Executive Chairman and CEO of DMCC, noted the significance of this relationship, stating that the UAE’s business-friendly environment attracts a diverse range of industries, including jewellery. He expressed optimism for future growth, emphasising DMCC’s advantages such as world-class infrastructure, a strategic location, and a competitive corporate tax rate. 

During the events, nearly 180 business leaders learned about the ease of doing business in Dubai through DMCC. The organisation is committed to showcasing Dubai as a leading business destination, particularly in sectors such as technology, precious stones, and jewellery. 

DMCC has become a vital player in attracting foreign direct investment, contributing significantly to Dubai’s economic landscape. With nearly 25,000 businesses now operating within its district, DMCC remains a key hub for companies seeking to expand their presence in the Middle East. 

DMCC seems to have considerably reignited its focus towards the jewellery industry, conducting multiple events aimed to boost workings. It recently released a pivotal report emphasising the urgent need for the diamond industry to embrace digital innovation to enhance traceability and address global challenges. Titled “Provenance, Traceability and Technology,” the report outlines how technology can drive transparency and sustainability within the diamond supply chain.   
 
The report follows the DMCC’s “Provenance, Traceability and Technology Forum,” which took place during the Kimberley Process Intersessional Meeting in Dubai in May 2024. The event brought together key stakeholders in the diamond industry to discuss traceability solutions.   
 
Ahmed Bin Sulayem, Executive Chairman and CEO of DMCC, stated, “It is paramount that we collectively embrace technology and its increasingly critical role in the diamond industry’s evolution. By utilizing AI, blockchain, and laser micro-machining, the industry can enhance transparency while supporting artisanal mining communities—key objectives of the Kimberley Process.”   

Retail Jeweller ME News