DUBAI, March 18, 2013: The Dubai Gold and Commodities Exchange (DGCX) today announced its official support for the UAE's bid to host the 2020 World Expo in Dubai. The Exchange will seek to raise awareness of the bid through its international outreach programmes.
Ahmed Bin Sulayem, Chairman of DGCX said, "As the leading derivatives exchange in the region, DGCX is proud to support the UAE's bid for the World Expo 2020. As an international business hub, a gateway to emerging markets across the Middle East, Africa and Asia, and a city that bridges East and West both commercially and culturally, Dubai is the ideal venue for the World Expo 2020. Hosting Expo 2020 will further raise both the UAE's and Dubai's global profile and showcase its exceptional economic growth, tourism and infrastructure."
Gary Anderson, CEO of DGCX said: "DGCX is very happy to offer its support for the UAE's bid for the prestigious World Expo 2020. Holding the event in Dubai will greatly serve to enhance its status as a global city. By playing a significant role in developing the derivatives marketplace in the UAE, DGCX has made important contributions to enhancing the UAE's status as an economic and financial hub. DGCX will be promoting the UAE's bid for the World Expo 2020 at the global industry events that it will be participating in."
A World Expo in Dubai in 2020 would be the first to be held in the Middle East, North Africa and South Asia (MENASA) region. Staged every five years over a period of six months, World Expos are a key meeting point for the global community to share innovations and discuss issues of international importance such as the global economy, sustainable development and improved quality of life for the world's population.
Dubai is competing against four other candidate cities The winning city will be announced in November 2013 following a vote by the 163 member nations of the Paris-based Bureau International des Expositions (BIE), the intergovernmental organisation in charge of overseeing the bidding, selection and organisation of World Expos.
About DGCX
Established in 2005, DGCX is the region's first derivatives exchange and the only one allowing participants to clear and settle transactions within the Gulf region. The Exchange has played a pioneering role in developing the regional market for derivatives. DGCX is a Dubai Multi Commodities Centre (Dubai Government) initiative in partnership with Financial Technologies (India) Limited and Multi Commodity Exchange of India Limited (MCX). It is an electronic commodity and currency derivatives exchange with 230 members from across the globe, offering futures and options contracts covering the precious metals, energy and currency sectors.
Further Information:
Madyan Jabr
Dubai Gold and Commodities Exchange (DGCX)
Tel: +971 (0)4 361 1625;
Email: madyan.jabr@dgcx.ae
Baiju Francis / Dhanya Isaac
Weber Shandwick
Tel: +971 4 445 42 22;
e-mail: BFrancis@webershandwick.com;
DIssac@webershandwick.com
© Press Release 2013
