The Solana Foundation is now an ecosystem partner for the Dubai Multi Commodities Centre, a free economic zone in the UAE.

The Solana Foundation has partnered with the Dubai Multi Commodities Centre (DMCC), one of the UAE’s free economic zones. Under this partnership announced on October 15, Solana will offer technical and business development support to DMCC Crypto Centre members through its blockchain platform. Additionally, Solana will provide webinars and educational courses on various Web3 topics and expand its existing grant program within the DMCC.

Solana’s current partners will receive special privileges within the DMCC, as stated by the center’s CEO, Ahmed Bin Sulayem:

“We will offer Solana ecosystem projects complimentary setup and business licensing, while our members will have access to a top-tier blockchain platform and dedicated Solana engineering teams to elevate their businesses.”

DMCC’s ecosystem partners include various entities such as the crypto exchange Bybit, digital asset market maker DWF Labs, Web3 incubator TDeFi, venture capital fund Brinc, and several others. The total count of companies within the center’s membership now officially stands at 23,000.

The DMCC, along with the Abu Dhabi Global Market and Dubai Silicon Oasis Authority, constitutes one of the three original economic free zones in the UAE, aimed at enhancing the country’s investment environment. This trio will soon be joined by the Ras Al Khaimah Digital Assets Oasis, which was introduced at Blockchain Life 2023.

As of September 2023, the Solana network had secured the 10th position globally in terms of total value locked, with an equivalent of approximately $359 million.