(MENAFN– Al Bayan)
Dubai witnessed the launch of ‘World Gold Conference 2022’, which is the largest international event specializing in the gold industry across the Gulf Cooperation Council countries and the Middle East region, under the slogan ‘Let’s make UAE a Globally Integrated Gold Market”.
Global gold industry leaders from 100 countries attended the conference, where they discussed recent developments and challenges at the largest gold and business industry gathering in the region. The conference was organized by IBMC International , in partnership 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 gatherings, providing attendees with useful insights into the latest developments, trends, challenges, regulatory developments, government policies and suggestions for the elaboration of company strategies in the jewelery sector.
Humaid Mohammed bin Salem, Chairman of the Board of the International Chamber of Commerce (ICC UAE) and Secretary General of the Federation of UAE Chambers of Commerce and Industry, said in his keynote address, “The UAE is coming become an integrated gold market by providing all support for the gold industry by creating a foundation to attract investors to the country’s gold industry, encourage cross-border investment and timely regulatory reforms as part of its non-oil business.
Increase investment
Geoffrey Rhodes, IBMC Gold and Mining Business Specialist, said: “We are delighted to be able to bring gold industry stakeholders from five continents onto 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 efforts to increase investment, trade and related activities to make the integrated market lively.”
IBMC has also signed memorandums of understanding with Ghana, Saudi Arabia, the United Kingdom and Papua New Guinea.
IBMC also revealed its new gold business and investment strategies and solutions, and signed several memorandums of understanding for commercial banking and gold markets facilities, a secure business structure for gold mining companies. gold and for large investments in gold mining, loofah and hard rock mining.
IBMC also announced the creation of three subsidiary companies to support import and export business and trade gateways to integrate 5 continents and more than 100 countries.
The UAE is a global market
“We bring together gold industry stakeholders 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 by 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 the 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 entrepreneurs to forcefully enter this sector.
He explained that the conference will see the signing of several agreements organized for the benefit of all stakeholders in the gold sector, at a time when this sector is witnessing price fluctuations, huge cross-border investments and new regulations.
He stressed that the conference will witness a special session designed for the gold jewelry and retail trade, where issues affecting the jewelry industry will be discussed, and the event will honor industry leaders by awarding Global Gold Excellence Awards and the Global Gold Ambassadors Awards.
