The Dubai Multi Commodities Centre (DMCC) has revealed plans to expand its DMCC Coffee Centre and DMCC Tea Centre to triple output, increase services, and boost capacity.
The announcement follows rising demand from traders to use DMCC facilities to connect with regional and international markets to gain competitive advantage.
DMCC intends to replicate the successful business model behind its coffee and tea operation by creating a new infrastructure and logistics centre in Jafza to attract, facilitate, and promote cacao, pepper, and spices the flexibly to expand to other agro-commodities.
The announcement was made during a tour of both facilities by a senior Dubai FDI delegation, headed by His Excellency Fahad Al Gergawi, Chief Executive Officer, Dubai FDI, and Mr. Khalid Al Boom, Deputy Chief Executive Officer, Dubai FDI.
The DMCC Tea Centre began its operation in 2005 to promote global tea trade through the emirates and has facilitated the business of more than 320 million kilos since inception.
The DMCC Coffee Centre was launched in 2019 – the first of its kind of facility in the Middle East – with a plan to transform Dubai into a new global hub for the coffee trade.
Despite an overall softer business climate, DMCC revealed 805 new companies joined its centres in the first half of 2020, with noticeable growth in May and June.
DMCC recently announced its Business Support Package’s extension, its most significant commercial incentive, until 31 August 2020. This followed the Dubai business community’s positive market reaction to the original package launched in April 2020.
