Wednesday, 12th January 2005 (5147 views)

Two more gold refineries are to begin production from the Dubai Metals and Commodities Centre (DMCC) later this year.

This will take the total number of refineries operating from DMCC to four.

David Rutledge, chief executive of DMCC confirmed that: "We have two major gold refineries already under operation in DMCC and two more are expected to go on stream later this year."

The extra infrastructure offered by DMCC through the two new towers will boost Dubai's status as a global hub for the gold and diamond sectors.

The Centre's facilities will integrate the refining, manufacturing and trading processes of gold, as well as providing a base for support services such as finance, logistics and insurance.

The Dubai Metals and Commodities Centre (DMCC) was created in 2002 as part of an initiative by Dubai government to strengthen the gold and diamond markets.

 

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