DMCC – the world’s flagship free zone and Government of Dubai Authority on commodities trade and enterprise – successfully concluded its first Made for Trade Live roadshow in Japan, which focused on Web3, gaming and AI to further complement the thriving tech ecosystem within DMCC.
The event in Tokyo builds on the growing bilateral trade and investment relations between the UAE and Japan. DMCC is home to 83 Japanese companies, constituting over 24% of Japanese firms that are set up in the country, and sees further opportunities for Japanese businesses to accelerate their growth through Dubai.
The event saw DMCC executives brief Japanese business leaders within the Web3, AI and gaming industries, including Cygames, Next Ninja and Square Enix, on the opportunities in expanding with DMCC given the ability of the district to connect them to some of the world’s fastest-growing markets via Dubai.
Ahmed Bin Sulayem, Executive Chairman and CEO of DMCC, emphasized the significant presence of Japanese companies in their district, constituting nearly 25% of Japan's business presence in the UAE. He highlighted untapped potential in areas like Web3, crypto, gaming, and AI, expressing readiness to welcome more Japanese companies to Dubai.
H.E. Shihab Ahmed Mohamed Abdulrahmaim Alfaheem, UAE Ambassador to Japan, highlighted the strong bilateral trade growth, reaching over USD 54.5 billion in 2022. He mentioned initiatives like CSPI and JU-CAT as examples of leveraging data and technology for mutual prosperity, endorsing Dubai as a gateway to fast-growing markets and supporting DMCC in attracting Japanese companies.
DMCC’s roadshow programme plays a pivotal role in spotlighting Dubai as a premier business destination. Throughout the series, DMCC emphasises Dubai’s distinctive value proposition in attracting foreign direct investment (FDI) to the Emirate. Notably, DMCC contributes 11% to Dubai’s annual FDI inflows, and in 2023, the business district achieved its second-best year on record, welcoming nearly 2,700 new companies. DMCC is today home to over 24,000 businesses from around the globe.
News Source: Dubai Media Office
