DMCC and World Gold Council Join Hands to Enhance UAE's Gold Industry

UAE, 06 March, 2024 : DMCC and WGC Middle East have inked an MoU to enhance the gold sector in the UAE and the wider region. Their collaborative efforts will focus on combating illicit trade, implementing training programs, engaging bullion banks, and conducting consumer research, aiming to revolutionize the gold value chain.

Ahmed Bin Sulayem, DMCC's Chairman, underlines Dubai's pivotal role in setting global gold standards and fostering innovation, integrity, and sustainability in the market.

WGC CEO David Tait stresses the significance of collaboration in establishing trust within the gold market. Andrew Naylor, Head of Middle East and Public Policy, emphasizes the goal of enhancing market integrity and efficiency in the UAE.

The partnership coincides with WGC's establishment of a new regional headquarters in DMCC, signaling its commitment to bolstering the gold market in the Middle East.

This collaboration marks a significant step toward fortifying the UAE's position as a premier hub for gold trade and innovation on the global stage.

Source : www.dmcc.ae