(MENAFN– Al-Bayan)
Dubai witnessed the launch of the “World Gold Conference 2022”, which is the largest international event specialized in the gold industry at the level of the Gulf Cooperation Council countries and the Middle East region, under the slogan “Let’s make the UAE an integrated global market in gold.”
World gold industry leaders from 100 countries participated in the conference, where they discussed recent developments and challenges during the largest meeting of the gold and business industry in the region. The conference was organized by IBMC International, in cooperation with the Federation of Chambers of Commerce and Industry in the Emirates and the International Chamber of Commerce In-person and virtual sessions and business networking meetings, providing participants with useful insights into the latest developments, trends, challenges, regulatory developments, government policies and suggestions for drawing up business strategies in the gold sector.
Humaid Mohammed bin Salem, Chairman of the Board of Directors of the International Chamber of Commerce (ICC UAE) and Secretary General of the Federation of Chambers of Commerce and Industry in the UAE, said in his opening speech: “The UAE is on its way to becoming an integrated gold market by providing all support for the gold industry by creating foundations to attract investors to the country’s gold industry, encourage cross-border investments, and timely regulatory reforms as part of its non-oil business.
Increase investments
Geoffrey Rhodes, IBMC Gold and Mining Business Specialist, said: “We are delighted to be able to bring gold industry stakeholders from five continents on one platform with the aim of making the UAE the integrated global gold market. It is encouraging to note that they have pledged their support and commitment to increase investments, trade and related activities to make the integrated market vibrant.”
IBMC has also signed Memorandums of Understanding with Ghana, Saudi Arabia, the United Kingdom and Papua New Guinea.
IBMC also revealed its new strategies and solutions for gold business and investments, and signed several memorandums of understanding for commercial banking services and facilities for gold markets, a secure business structure for gold mining companies, and for large investments in gold mining, loofah and hard rock mining.
IBMC also announced the establishment of three subsidiary companies to support import and export activities and trade gateway to integrate 5 continents and more than 100 countries.
The UAE is a global market
“We bring together stakeholders in the gold industry from five continents in one place with the aim of making the UAE an integrated global market in the gold industry,” said Sajith Kumar, CEO and Managing Director of IBMC International, the organizer of the conference.
He added: “During the event, we will launch several initiatives, including: IBMC projects for the gold industry, IBMC projects for gold trade, and an initiative to create a platform specialized in gold forums and events, to support players in the gold industry. Initiatives and projects support new investors and businessmen to enter strongly into this industry.
He explained that the conference will witness the signing of several agreements organized to benefit all stakeholders in the gold industry, at a time when this industry is witnessing fluctuations in prices, huge cross-border investments, and new regulations.
He pointed out that the conference will witness a special session designed for gold jewelry and retail business, where issues affecting the jewelry industry will be discussed, and the event will honor industry leaders by awarding the Global Gold Excellence Awards and the Global Gold Ambassadors Awards.
