CIBJO appoints DMCC Executive Chairman as representative for Western Asia
Dubai, UAE; 14 July 2012: The Dubai Multi Commodities Centre Authority ('DMCC'), the licensing authority for the Jumeirah Lakes Towers ('JLT') Free Zone, is pleased to announce that its Executive Chairman, Ahmed Bin Sulayem, has received UN accreditation to represent Western Asia on behalf of CIBJO, the international jewellery confederation of national trade organisations.
The accreditation is testament to Bin Sulayem's contribution to the complete value chain of the jewellery, gemstone and diamond business over the last 10 years. Initiatives spearheaded by the DMCC Executive Chairman include the creation of the Dubai Diamond Exchange, one of the top three global diamond trading centres; the establishment of the only Kimberley Process office in the Middle East; as well as the publication of OECD guidance for responsible gold supply chain management.
Ahmed Bin Sulayem, Executive Chairman of DMCC commented:
"DMCC has worked hard over the last 10 years to build Dubai into the regional leader in commodities trade and provider of a unique commodity-focused ecosystem. To have been asked to represent Western Asia on behalf of CIBJO to the UN is a proud moment for me and a direct result of our efforts in the international precious stones and metals sector.
Going forward, we look to further increase our global engagement by working with industry participants and governments on best practice standards, and supporting initiatives that enhance sustainable economic and social development in the international jewellery trade."
CIBJO has been a consultative member of ECOSOC, the United Nations Economic and Social Council, since 2006. ECOSOC is one of the largest agencies operating under the United Nations umbrella, and is a coalition involving government, civil society and the business community.
CIBJO's cooperation with the UN demonstrates the commitment of key jewellery industry players to join a coalition with key governments, in tackling the common development challenges that matter to the future of the business community and civil society at large.
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For media enquiries:
Dubai Multi Commodities Centre
Sandra Sloan
PR & Corporate Communication
+971 4 364 4261
sandra.sloan@dmcc.ae
Brunswick Group
Jade Mamarbachi
+971 (4) 446 6270
dmcc@brunswickgroup.com
Dubai Multi Commodities Centre Authority (DMCC)
The Dubai Multi Commodities Centre Authority (DMCC) is the master developer and licensing authority for the Jumeirah Lakes Towers (JLT) free zone, one of the largest, fastest growing mixed-use developments in Dubai. Owned by the Government of Dubai, DMCC was established in 2002, by Royal Rule No 4 of 2002, with a mandate to enhance commodity trade flows through the Emirate by providing the physical, market and financial infrastructure required.
DMCC offers a fit-for-purpose regulatory framework, modern infrastructure, free-hold property, innovative products and value-added services. It has successfully attracted key participants throughout the entire commodities sector value chain; as well as businesses ranging from shipping to recruitment, IT to advertising and fashion. JLT-based companies enjoy highly attractive benefits under the free zone status, including a 50-year guaranteed tax holiday, 100 per cent business ownership, full ownership of business premises, and a secure, regulated environment.
As a 200 hectare, mixed-use waterfront master development with a prime central location on Sheikh Zayed Road, JLT nurtures both trade and community living through its commercial, residential and retail property offering. Today, JLT is home to over 4,600 international and multi-national companies and over 50,000 people living and working in the free zone.
CIBJO
CIBJO is the international confederation of national jewellery trade organizations. CIBJO's purpose is to encourage harmonization, promote international cooperation in the jewellery industry and to consider issues which concern the trade worldwide. CIBJO's chief mission is to protect consumer confidence in the industry.
© Press Release 2012
