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Dubai Commodities Center strengthens bilateral trade ties with China

MEDIA IN, Dubai, July 17, 2018 (WAM)

The Dubai Multi Commodities Center (DMCC), a free trade zone of the Government of Dubai, has signed a Memorandum of Understanding (MoU) with Royal Fund Investments, which will strengthen the strong bilateral trade relationship between the Center and the fast-growing Chinese business community. Said Ahmed bin Sulayem, Executive Chairman of the Center for DMCC: honored Dubai Multi Commodities Center in collaboration with the Royal Company Fund Investments in the quest to find new ways to enable companies to achieve prosperity by keeping the doors open to trade and as a result of the new relationship with the Royal Company Fund Investments, we met Has already signed with companies and government agencies in Beijing last week with more meetings planned for the future. The initiatives in the MOU are a platform for Chinese companies looking to grow in Dubai and beyond. Under the MOU, the two parties are committed to communicating and providing attractive business solutions to Chinese companies looking to establish business in Dubai and the DMCC free zone, awareness of potential investment opportunities in the Dubai-based Uptown region and the introduction of DGCX products in the market including Including Shanghai Gold Futures and Shariah-compliant spot gold contracts. The Dubai Multi Commodities Center (DMCC) has significantly increased its activity in China. Last year, the DGCX was the first foreign exchange to list Shanghai gold futures contracts outside China. Before the launch of the DMCC Coffee Center later this year, the Dubai Multi Commodities Center A strategic supply agreement with MHC and Yunnan state farms Last month, the center also signed an agreement to transfer knowledge with Mishan as the representative of Ningbo Province.

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