The government of Dubai recently announced the establishment of the Dubai Metals and Commodities Center (DMCC). The new free zone will be the location of a full range of facilities for trading in gold, diamonds and key commodities, stated a press release.
DMCC will offer 100 percent ownership and a 50-year tax holiday to resident companies. The facility will offer a full service to those organizations involved in gold trading with physical trading facilities, storage and hallmarking as well as package and delivery facilities available on-site. Three refineries will also be housed within the complex.
Trading facilities, a convention center, a training center and a gems lab will be available to DMCC resident companies in the diamond trade while the commodities industry will be provided with world-class trading, storage and logistics facilities. — (menareport.com)
© 2002 Mena Report (www.menareport.com)
