DMCC stands for the Dubai Multi Commodities Center. It is a government of Dubai Authority on commodities trade and enterprise and a free trade zone in the UAE. DMCC has released the news of the launching of the DMCC Gaming Center in the Emirates. This center will be home to more than 50 esports teams, metaverse VR and AR technology, gaming companies, tournament organizers, game publishers, and developers.
Scroll down to find out all about the DMCC gaming center in Dubai.
Details on the DMCC Gaming Center in Dubai, UAE
The DMCC Gaming Center is established by the Dubai Multi Commodities Centre (DMCC) and the Government of Dubai Authority on commodities trade and enterprise. DMCC is the world’s premier free zone. The main aim of the DMCC Gaming Center is to support the expanding local and international video gaming industry. Its opening was publically announced back in November of 2022.
The DMCC Gaming Center was unveiled during the Dubai Esports Festival. This center will create an awesome environment where all gaming and esports businesses will flourish. Doing so will appreciate the remarkable DMCC’s efforts in the esports and gaming sector of the UAE.
The award-winning free zone, where the DMCC Gaming Center will be located, will provide unmatched access to a thriving network of peers in the gaming sector. It will provide countless new and exciting opportunities for business collaboration. This center is presently home to more than 50 gaming businesses, including tournament organizers, esports teams, and game makers and developers.
Jumeirah Lake Towers (JLT) is the area where DMCC is situated. Its gaming center will take advantage of the AED 1.8 billion gaming market in the South East region, which will grow to $5 billion by the year 2025.
Thanks to the DMCC Gaming Center Dubai, UAE, all the members will have access to the larger esports community through regular esports competitions and gaming events. Additionally, every member will benefit from industry support from YaLLa Esports, a well-known esports organization in the United Arab Emirates and ecosystem partner of DMCC.
Not only that but members will also have the opportunity to participate in acceleration and market entrance programs tailored specifically for the gaming industry with the assistance of AstroLabs, a top-rated tech ecosystem builder in the MENA (Middle East and North Africa) region and the ecosystem partner of the DMCC.
Through their accelerator programs, ZK Advancer and The Sandbox Metaverse, the partnership of the venture capital firm Brinc and the DMCC have made it possible for members to access $150 million in funding. Members of the DMCC Gaming Center who are interested in creating games using web3 and blockchain technologies will also have access to such programs.
Unparalleled access to a thriving network of peers in the gaming industry will be made available through the DMCC Gaming Center for its members. It will open up fresh possibilities for collaboration for them. Gaming companies seeking to engage with audiences worldwide can take advantage of DMCC’s immense dedication to enhancing business efficiency, next-level digital setup procedures, and state-of-the-art infrastructure.
Potential of DMCC Gaming Center in Dubai, UAE
Due to their greater sense of immersion and catchy storylines, games have become more and more popular around the world than other types of entertainment. According to DMCC’s research, eight out of ten millennials and Gen Zers play video games, and players between the ages of 25 and 40 can spend up to seven hours a week to do gaming.
Esports is another rapidly expanding industry, with 68% of internet users accessing information & content on gaming and 10% of them are esports lovers. Esports is being watched by more people than a number of mainstream sports leagues, such as the MLB PSL, BPL, and NBA.
With its above 50 gaming-related businesses, DMCC is paving the way for the rapidly growing gaming industry of the UAE. Furthermore, DMCC has established a strong network and infrastructure to support the growth of gaming businesses and give them access to significant industry participants.
E-Sports and Gaming License Activities
Members of the DMCC Gaming Center have access to a number of gaming licensing activities, including:
Gaming
- Metaverse Services
- Academy
- Development
- Online Service
- Engine Operation
- Industry Research
- Content Production
- Studio Services
- Publishing Games and Related Content
- Community Management
- Consultancy Services
Esports
- Tournament Support Platform
- League Operator
- Online Publication
- Data & Analytics Services
- Event Management
- Virtual Reality & Augmented Reality
Facilities and Benefits of DMCC Gaming Center
The facilities and benefits of the DMCC Gaming Center for the gaming company owners include:
- Live and work in a strategic location
- Zero personal income or corporate tax
- Full business ownership
- 100% capital repatriation
- One-stop-shop and excellent connectivity
Views of the CEO and Executive Chairman of DMCC
According to Ahmed Bin Sulayem, CEO and Executive Chairman of the DMCC, the gaming industry is one of the fastest growing in the world, with approximately 3.2 billion players spending a combined $196.8 billion this year, in 2022. When compared to the 1970s, when video games first started to appear, the scale and expansion of the business today are astounding. He believes that these enthusiastic audiences are always seeking deeper immersion and more compelling storytelling in their preferred type of entertainment. He also thinks that there has never been a better time to formalize their efforts by establishing the DMCC Gaming Center because their portfolio of gaming companies is growing quickly and more of their DMCC Crypto Center members are entering the blockchain gaming market. By building this center, they will strengthen Dubai’s representation as a major center for esports and gaming across the globe.
FAQs – Frequently Asked Questions
Is gaming popular in UAE?
Yes, gaming is popular in the UAE. The gaming market is very strong in the Emirates, where amateur and professional gamers spend one of the highest per capita amounts in the world and by far the most in the region.
How do I start a gaming business?
Follow these steps to start a gaming business:
- Create a business plan for your gaming business.
- Obtain insurance and a business license.
- Locate a suitable area for your running your gaming business.
- Gather tools, supplies, and employees.
- Promote your gaming business.
What is the most popular game in the UAE?
Online ludo and PUBG mobile are the most popular games in the UAE.
How many gamers are there in UAE?
According to recent statistics, the UAE ranks first since nine out of 10 adults there play video games. According to a survey, 23% of survey participants play games regularly, or at least 11 hours each week.
Conclusion
With the announcement of the opening of the DMCC Gaming Center in Dubai, the Dubai free zone authority is looking to take control of the booming gaming industry of the UAE and other regions. As part of a $5 billion industry push, this is a next-level video gaming hub for the gaming industry-related people. It is open to get the maximum benefit from this growing industry.
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