DMCC to be called Dubai Multi Commodities Center

DMCC in Dubai is changing its name from the Dubai Metals and Commodities Centre (DMCC) to Dubai Multi Commodities Center (also DMCC,) effective immediately, in order to reflect significant growth in its commodities sector. The DMCC wanted to extend its range to other commodities such as steel, coffee, food grains, cotton and others. DMCC hopes that the new name change and direction in strategy will position it better to attract international businesses across a much broader spectrum of commodities activities.

�The move from �metals� to �multi� reflects DMCC�s increasing scope of activities and its status as a fully-fledged multi commodities centre,� said Ahmed bin Sulayem, chief operating officer of DMCC. �DMCC was established to create a dedicated market place in Dubai and provide a world-class and supportive business environment through purpose-built infrastructure, and the facilitation and integration of the entire value chain of its key segments,� Sulayem added.

DMCC provides industry-specific market infrastructure within its various commodity sectors, through the Dubai Gold and Commodities Exchange, the Dubai Diamond Exchange, the Dubai Tea Trading Centre, the Dubai Gem Certification, the Dubai Gold and Commodity Receipts and the Dubai Cut Diamond.