Dubai Multi Commodities Centre (DMCC) is the UAE's largest free-trade zone that is located in the Jumeirah Lake Towers district of Dubai. Created in 2002, it serves as a commodities exchange that deals in four main sectors: precious commodities (e.g., gold, diamonds); energy; steel and metals and agricultural commodities (e.g., tea, cotton). In August 2020, the Investment Corporation of Dubai, a sovereign wealth fund, became the parent company of the autonomous DMCC as part of a major restructuring.