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|17 July, 2018

DMCC, Royal Fund Investments sign MoU to boost China trade in Dubai

MoU commits both parties to connect and provide attractive business solutions for Chinese corporates

Image of JLT used for illustrative purpose. Almas Tower is located on its own artificial island in the centre of the Jumeirah Lakes Towers Free Zone scheme, the tallest of all the buildings on the development in Dubai. The Dubai Multi Commodities Centre (DMCC), the developer of the tower has its corporate offices in Almas Tower.

Image of JLT used for illustrative purpose. Almas Tower is located on its own artificial island in the centre of the Jumeirah Lakes Towers Free Zone scheme, the tallest of all the buildings on the development in Dubai. The Dubai Multi Commodities Centre (DMCC), the developer of the tower has its corporate offices in Almas Tower.

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DUBAI- DMCC, the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise, has signed a Memorandum of Understanding, MoU, with the Royal Fund Investments, RF, to cement strong bilateral trade relations with Chinese business community.

The MoU commits both parties to connect and provide attractive business solutions for Chinese corporates looking to set up in Dubai and the DMCC Free Zone; raise awareness around potential investment opportunities in DMCC’s much anticipated Uptown Dubai district; as well as awareness of the Dubai Gold and Commodities Exchange products available to market including Shanghai Gold Futures and Shariah Spot gold contracts. Ahmed Bin Sulayem, Executive Chairman of DMCC, and Guolong Ma, CEO of RFI, signed the MoU.

"DMCC takes pride in collaborating with RFI in seeking out new ways for businesses to flourish by keeping doors to trade open. As a result of our new relationship with RFI, we have already met with businesses and government entities in Beijing last week, with more to come. The initiatives outlined in this MoU serve as a launch pad for Chinese businesses looking to grow in Dubai and beyond," said Bin Sulayem.

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In turn, Mr. Ma said, "There is a strong synergy between RFI and DMCC when it comes to our commitment to boosting business activities along the Belt & Road corridor. DMCC is a strong partner and we look forward to bringing the activities outlined in our MoU to life together". On July 11th this year, DMCC also signed an MoU with China Council for the Promotion Of International Trade.

© Copyright Emirates News Agency (WAM) 2018.