Dubai is set to redefine its role in the global financial landscape with the unveiling of a new financial centre within the Dubai Multi Commodities Centre (DMCC). This strategic move marks a significant evolution for the city, transitioning from a global gateway hub to a seamless convergence point for trade, finance, technology, and capital. The announcement was made during DMCC’s Made For Trade Live roadshow in Vietnam, where over 550 Vietnamese business leaders explored Dubai’s potential as a platform for international expansion. The event also highlighted the strengthening economic ties between the UAE and Vietnam under the Comprehensive Economic Partnership Agreement (CEPA).
The upcoming financial centre will serve as a financial engine for DMCC’s thriving business ecosystem, integrating banks, fintech innovation labs, digital asset platforms, venture capital firms, and specialized financial service providers into one cohesive district. This initiative aims to create a robust financial backbone that supports Dubai’s trade flows, entrepreneurial growth, commodity networks, and digital economy. Companies within DMCC’s 26,000-strong community will gain streamlined access to capital, structured finance, risk solutions, cross-border settlement frameworks, and investment partnerships.
Ahmed bin Sulayem, DMCC’s Executive Chairman and CEO, described the project as transformative, emphasizing its role in connecting member companies directly to the global financial system. The centre will focus on trade finance, fintech innovation, and digital-asset solutions, aligning with the UAE’s ambition to position Dubai among the world’s most influential financial hubs. The new centre is expected to complement the Dubai International Financial Centre (DIFC), with DMCC focusing on trade-related financial services such as commodity finance, supply-chain financing, and blockchain-enabled settlement systems.
The timing of this development coincides with Dubai’s growing appeal as a global wealth hub. Independent research projects that the UAE will attract 9,800 high-net-worth individuals in 2025, the largest net inflow globally. Additionally, trade connectivity between the UAE and Southeast Asia is rapidly expanding, with the UAE-Vietnam CEPA driving bilateral non-oil trade to $7 billion in the first half of 2025. The new financial centre will further enhance Dubai’s position as a command centre where global capital meets global trade, shaping the next generation of financial systems.