Strategic step towards establishment of proposed diamond cluster in Dubai
Keys handed over to Almas Tower clients from Levels 3-20
Dubai, January 8, 2008: Dubai Multi Commodities Centre (DMCC) laid another significant step towards establishing a diamond industry cluster in Dubai, with the handover of offices in the Almas Tower to its diamond sector members. Located within the upcoming Jumeirah Lakes Towers development, the 65-floor Almas Tower is DMCC's flagship tower, purpose built to cater to the specific needs of the diamond industry.
DMCC handed over the keys to member companies occupying levels 3-20 of Almas Tower, during a ceremony held today (January 8, 2007) at Monarch Hotel, Dubai. The clients can now complete the individual fit outs of their offices before they move into their new offices.
Ahmed bin Sulayem, Executive Chairman, DMCC said: "The completion of Almas Tower is a significant step towards DMCC's objective of establishing a dedicated market place, providing industry-specific market infrastructure and full range of facilities for the diamond trade in Dubai. Equipped with hi-tech security systems and secure vaulting facilities, Almas Tower offer an entire range of diamond trade related facilities, and will lay the foundation for a dedicated diamond industry cluster in the region. It will also house Dubai Diamond Exchange, the region's only diamond exchange."
He added: "DMCC is pleased to welcome nearly 100 members who will be occupying levels 3-20. The rest of the floors at Almas Tower will be handed over in phases over the next couple of months. We look forward to seeing Almas Tower develop into a thriving hub of diamond trade as envisioned by DMCC."
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About DMCC
The Dubai Multi Commodities Centre, a strategic government initiative, rated 'A' by Standard & Poor's, provides innovative concepts and industry-specific physical and market infrastructure products that facilitate the growth of the energy (alongside other commodities) business in Dubai. DMCC's strategic objectives include reinforcing Dubai's position as the energy hub for the region, in addition to the development and launch of energy contracts for the Dubai Gold and Commodities Exchange (DGCX). DMCC is working with partners, regionally and internationally, to promote the highest global standards in product and service development, while encouraging greater transparency to the benefit of all market participants. DMCC facilitates businesses in Dubai through its free zone status.
www.dmcc.ae
For further information about DMCC, please contact:
Nicholas Nesson / Sudha Hemmad/ Gunjan Chaurasia
ASDA'A Public Relations
Exclusive Affiliate of Edelman,
Middle East & North Africa
Dubai, UAE
Tel: 971-4-3344550
Fax: 971-4-3356080
E-mail: n.nesson@asdaa.com / s.hemmad@asdaa.com / g.chaurasia@asdaa.com
© Press Release 2008
