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DMCC Invitations Diamond World to Dubai With Message on Iconic Burj Khalifa

Adaptability is the cornerstone of the emirate’s strategy to enterprise, and with this show on the long-lasting Burj Khalifa we hope to not solely showcase our connection to diamonds however supply a way of optimism, route and management to your entire valuable stones trade

DMCC– the world’s flagship Free Zone and Authorities of Dubai Authority on commodities commerce and enterprise – introduced immediately the launch of its newest low cost marketing campaign to encourage worldwide diamond firms to arrange operations in Dubai. Efficient instantly and legitimate till 30 September 2020, DMCC has decreased its enterprise set-up charges by 50 per cent for all diamond-connected firms.

As well as, DMCC introduced that new firm registrations might be provided a free 12-month membership of the Dubai Diamond Change (DDE) – a neighborhood of over 1000 main diamond firms in Dubai. To mark the marketing campaign launch, DMCC lit up Burj Khalifa – the world’s tallest constructing – with a breath-taking visible show in celebration of Dubai’s outstanding diamond story.

His Excellency Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Overseas Commerce – UAE Ministry of Economic system, mentioned: “The commerce of valuable metals and stones is a important pillar of the nation’s financial diversification agenda. The UAE Ministry of Economic system is concentrated on catalysing a brand new section of financial progress and growth within the nation, and supporting the commerce related to diamonds is a precedence. Any initiative that connects the UAE with companions all over the world and showcases the thrilling enterprise alternatives that exists right here is one to be supported. DMCC needs to be recommended for his or her work on this house and impressive imaginative and prescient for commodities.”

Dubai is quick changing into the world’s main diamond buying and selling hub each when it comes to worth and quantity after 20 years of fast progress. In 2003, the overall worth of tough and polished diamonds traded within the emirate was AED 13.2 billion (USD 3.6 billion), a determine that rose considerably in 2018 to AED 91.eight billion (USD 25 billion). DMCC has additionally revealed its plan to assist Dubai change into a number one worldwide commerce hub for Laboratory Grown Diamonds (LGD) and colored stones.

“Proper throughout the availability chain, the diamond trade is passing via a interval of turbulence. For a lot of, the change that can observe is seen as an unpredictable menace. However for Dubai, it is a chance. Adaptability is the cornerstone of the emirate’s strategy to enterprise, and with this show on the long-lasting Burj Khalifa we hope to not solely showcase our connection to diamonds however supply a way of optimism, route and management to your entire valuable stones trade,” mentioned Ahmed Bin Sulayem, Govt Chairman and Chief Govt Officer, DMCC.

“By lowering the price of organising in DMCC by document ranges, we hope to take away boundaries to entry and provide the kind of help required by enterprise throughout difficult occasions. Dubai is the way forward for diamonds, and we invite the world to hitch us in writing the subsequent chapters of its outstanding story with the particular stone,” he added.

Since its inception in 2002, DMCC has created the ecosystem, state-of-the-art infrastructure, amenities and providers required to draw, facilitate and promote diamond commerce in Dubai. The expansion of the Dubai Diamond Change – the world’s largest diamond tender facility – alongside the success of knowledge-sharing platforms such because the flagship Dubai Diamond Convention, have positioned Dubai on the coronary heart of the area’s diamond trade.

DMCC’s earlier marketing campaign throughout Eid Al Fitr featured shows of the “UAE Gold Bullion Cash” highlighting the emirate’s outstanding rise to one of many main gold buying and selling hubs on this planet.

Tawhid Abdullah, Chairman, Dubai Gold and Jewelry Group, added: “Dubai has come a really great distance with diamonds, and the emirate is now synonymous with the commerce of this very valuable stone. With the worldwide diamond trade at present going via a interval of subdued progress and rising concern, there’s a actual alternative for Dubai to indicate the kind of management, braveness and innovation that can safe its future. DMCC deserve nice credit score for his or her position in shaping the valuable metals and stones commerce in Dubai and showcasing to the world that the emirate is open for enterprise.”

Additional info on the low cost promotion and the way firms can be part of the world’s main Free Zone in Dubai might be discovered on-line right here: http://www.dmcc.ae/diamonds. DMCC additionally caters for a wide range of license actions, from buying and selling, consultancy to mild industrial in addition to Household Workplace construction with a variety of promotions out there.

Pictures and video out there for obtain right here: dmcc.ae/diamonds-image-hub and additional info on DMCC and diamonds out there right here: dmcc.ae/diamonds

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