Dubai Multi Commodities Centre (DMCC), the world's leading free zone and a government authority on commodities trade and enterprise, has successfully concluded its first "Made for Trade Live" roadshow in Japan. This pivotal event focused on the burgeoning sectors of Web3, gaming, and artificial intelligence (AI), further strengthening Dubai's thriving tech ecosystem.

The Tokyo roadshow builds upon the growing bilateral trade and investment relations between the United Arab Emirates (UAE) and Japan. With 83 Japanese companies already operating within DMCC, accounting for over 24% of the Japanese business presence in the country, the free zone sees significant opportunities for Japanese businesses to accelerate their growth through Dubai.

During the event, DMCC executives briefed Japanese business leaders from prominent Web3, AI, and gaming companies, including Cygames, Next Ninja, and Square Enix, on the advantages of expanding their operations within the DMCC district. The strategic location of Dubai offers unparalleled connectivity to some of the world's fastest-growing markets, positioning DMCC as an ideal hub for businesses seeking global expansion.

Ahmed Bin Sulayem, Executive Chairman and Chief Executive Officer of DMCC, highlighted the untapped potential for Japanese companies in the UAE market. "With over 80 Japanese companies in our district, DMCC is home to almost 25% of the entire Japanese business presence in the UAE – and we believe there is plenty of untapped potential in the market," he said.

Sulayem further emphasized DMCC's enhanced value proposition, dedicated tech ecosystems, and upcoming AI Center, which present significant opportunities for growth in strategic areas of shared interest, such as Web3, crypto, gaming, and AI.

Shihab Ahmed Mohamed Abdulrahmaim Alfaheem, Ambassador Extraordinary and Plenipotentiary of the UAE to Japan, underscored the importance of fostering robust economic partnerships in today's global landscape. "With historic ties dating back decades between the UAE and Japan, our collaboration continues to flourish, as evidenced by the remarkable 57.5% surge in bilateral trade volume in 2022, surpassing USD 54.5 billion," he stated.

Alfaheem highlighted initiatives like the Comprehensive Strategic Partnership Initiative (CSPI) and the Japan-UAE Coordination scheme for Advanced Technology (JU-CAT) as examples of the commitment to leveraging data and technology for mutual prosperity. "Dubai provides a springboard to access some of the world's fastest-growing markets, so we are proud to support DMCC in highlighting its proposition to companies across Japan," he added.

DMCC's roadshow program is important in spotlighting 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. 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. Today, DMCC is home to over 24,000 businesses from around the globe.

As Dubai continues to solidify its position as a global hub for innovation and technology, initiatives like the DMCC roadshow in Japan underscore the emirate's commitment to fostering international collaboration and driving growth in cutting-edge sectors such as AI, gaming, and Web3.