With the emergence of more secured e-market place trade flow platforms and more country participations, the UAE has become the world’s most trusted gold trade hub.
Secured, compliant and more transparent eMarket trade flow platforms with advanced protection system is lifting the UAE to global standards which is attracting gold industry stakeholders to the UAE, the gold trade hub.
The market is already witnessing more international transactions with the availability of more liberalized protection tools such as trade credit insurance, factoring and financing terms.
Experts and stakeholders discussed more measures to sustain and consolidate this growth at the world’s largest hybrid Global Gold Convention organized by IBMC UAE at Armani Hotel, Burj Khalifa, Dubai, with participation by diplomats and industry leaders across multiple verticals within the gold industry.
UAE Chambers of Commerce & Industry and International Chamber of Commerce were co-organizers of the event.
The Diplomatic Conclave discussed measures and opportunities to increase international gold trade using the UAE’s secured trade flow systems. The focus was more on due diligence and how to use protection tools such as trade credit insurance, factoring and financing terms for enhancing public-private participation and thereby increased business in the respective countries.
The diplomats from Italy, Mali, Uganda, Angola, Rwanda, Central African Republic, Papua New Guinea, and Peru showcased opportunities in their respective countries and invited businesses from the UAE as well as from other participating countries.
Participating in a Special Session on gold jewellery trade, Italian participants presented the opportunities offered by Italy to gold jewellery business. Italy commemorated the 50th anniversary of the UAE by showcasing unique gold historic masterpieces.
HE Sheikh Khalid Bin Ahmed Al Hamed, Chairman of IBMC UAE said:
“We are immensely happy to dedicate the Global Gold Convention 2021 to the 50th National Day Celebration of UAE.The overwhelming response to participation by the global organizations from 5 continents and over 50 countries shows the confidence level of the international community in the UAE’s strength to lead as the global gold trade hub.”
Chariman of ICC, Humaid Ben Salam, said,
“The global gold market patterns are facing an unprecedented wave of change with shift in demand to new markets, regulatory change, new types of participants and innovation and technology. By hosting the Global Gold Convention, the largest hybrid gold convention in the world, we bring together trusted industry participants to discuss the challenges and utilize the opportunities of UAE as the trusted Gold Trade-Flow partner globally. On this occasion of celebrating 50th National day of UAE and hosting the Expo 2020, UAE is showcasing its strength and leadership in all aspects of Global Trade connecting the world”
Mr Sajith Kumar PK, Managing Director and CEO of IBMC, said:
It is our mission to position the UAE as trusted Gold Trade-Flow partner globally by facilitating networking of international players through this Convention to support GCC’s non-oil sector diversification programme and overall economic growth. The event is a testimony to the UAE economy’s resilience power and adaptability in the wake of the pandemic with innovative solutions with pro-active steps in the Global Gold Industry.
IBMC UAE has introduced secured gold trade-flow platform with compliance, trade credit Insurance and factoring protections through its SME Economy eMarkeplace Trade Flow Platform. The secured trade-flow platform and services have been extended to more than 50 countries.
News Source: Dubai PR Network
