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29 March 2024

Dubai Precious Metals Conference to be held on April 29-30

Published
By Staff

The Dubai Multi Commodities Centre (DMCC), the licensing authority for the Jumeirah Lakes Towers (JLT) Free Zone, and Foretell Business Solutions Private Limited, one of India's leading commodities research firms, on Monday announced the inaugural Dubai Precious Metals Conference (DPMC) to be held on April 29-30 in JLT; the Middle East's tallest commercial tower.

The two-day conference will bring together key participants from the international precious metals sector to discuss trends and latest developments in the global precious metals market, examining issues ranging from marketing to trade, finance to technology.

The programme will address challenges and growth opportunities of the sector and include discussions on how Dubai and the UAE can stay ahead of the curve with regards to trade infrastructure and innovation, thus ensuring its role as the region's major trading centre for precious metals.

Ahmed bin Sulayem, Executive Chairman, DMCC, said: "DMCC's inaugural Dubai Precious Metals Conference is another example of our ongoing commitment to enhancing commodities trade through Dubai and the UAE. Over the last decade, DMCC has successfully supported the commodities trade by providing an ideal physical infrastructure, a fit-for-purpose regulatory framework as well as innovative products and value-added services, which has made the JLT Free Zone the premier destination for multinationals and major regional industry players from a range of commodity sectors and beyond. Through initiatives like this new addition to the global precious metals calendar, we are looking to promote the growth of the industry and ensure the continued positioning of Dubai as one of the world's leading precious metals centres."

Senior-level speakers will provide attendees with insights from their respective roles in the precious metals value chain ranging from bullion operations to trading, procurement services, financing and more.

"This is a significant time for the precious metals industry, which has witnessed considerable movement in recent months due to unprecedented developments in the global economy," said Gerhard Schubert, Head of Precious Metals, Emirates NBD, and Co-Presenting Sponsor of DPMC.

"It is essential that all stakeholders come together to discuss trends and lay down new strategies for the sustained growth of the precious metals industry. Emirates NBD is honoured to support the Dubai Precious Metals Conference, which is an ideal forum bringing together industry players, analysts, investment experts, retail merchants and economists, and we look forward to participating in the informative discussions at the event."

Alison Burns, Regional Head of Precious Metals, Standard Bank, added: "Standard Bank's key strategic objectives are to preserve and develop its global Natural Resources franchise and, in particular, to promote and encourage cross border flows, notably into, out of and across Africa. We believe the Middle East plays a unique role in directing investment into Africa and we are delighted to be a co-presenting sponsor of this year's conference."

"Although gold will feature prominently throughout the conference, there will be a keen focus on the progress of silver and platinum group metals, especially from the point of view of international investors. We look forward to contributing to the broad spectrum of local and international experts with input from our own Head of Commodities Research, Walter De Wet."

G Srivatsava, President Foretell Business Solutions Pvt Ltd, co-organiser of the conference said: "The Middle East region is a $ 1 trillion economy, growing at a rate of over 5% per annum. Dubai seamlessly connects the West and the East and is obviously the natural choice for the region's first conference on Precious Metals. DPMC strives to bring together key decision-makers in the precious metals industry to deliberate on the core theme of transforming Dubai into the precious metals hub for the MENA region. Foretell Business Solutions Private Limited, India, is honoured to be a part of this prestigious conference hosted and co-organised by DMCC."

To date the Dubai Precious Metals Conference has close to 200 registered delegates from across the precious metals value chain, including miners, refineries, trading companies, banks and logistics companies.

The event has been well received by the local community and industry bodies from across the globe, including delegations from Mexico, Turkey, India, and China which have registered to attend the event.