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{{Infobox company
{{Infobox company
| name = DMCC (Dubai Multi Commodities Centre) <br />{{lang|ar|مركز دبي للسلع المتعددة}}
| name = DMCC (Dubai Multi Commodities Centre) <br />{{lang|ar|مركز دبي للسلع المتعددة}}
| type = Public
| type = Government of Dubai Authority, Free Zone and Master Developer of Jumeirah Lakes Towers
| key_people = [[Ahmed Sultan Bin Sulayem]], Executive Chairman
| key_people = [[Ahmed Sultan Bin Sulayem]], Executive Chairman
Gautam Sashittal, Chief Executive Officer
<br />Gautam Sashittal, Chief Executive Officer
| industry = Free Zone Authority, Commodities Trade and Exchanges, Real Estate and Property
| industry = Commodities Trade and Exchanges, [[Real Estate]] and Property
| num_employees = 300+
| num_employees = 300+
| homepage = {{URL|http://www.dmcc.ae/}}
| homepage = {{URL|http://www.dmcc.ae/}}
Line 17: Line 17:
}}
}}


'''DMCC''' (Dubai Multi Commodities Centre) was established in 2002 by the Government of [[Dubai]] to provide the physical, market and financial infrastructure required to establish Emirates as a hub for global commodities trade.<ref>{{Cite web|url=http://uaefreezone.org/dubai-multi-commodities-centre-authority/|title=Dubai Multi Commodities Centre Authority (DMCC)UAEFREEZONE {{!}} UAEFREEZONEs|website=uaefreezone.org|language=en-US|access-date=2018-05-28}}</ref>
'''DMCC''' (Dubai Multi Commodities Centre) established in 2002 by the Government of [[Dubai]] is a hub for global commodities trade.<ref>{{Cite web|url=http://uaefreezone.org/dubai-multi-commodities-centre-authority/|title=Dubai Multi Commodities Centre Authority (DMCC)UAEFREEZONE {{!}} UAEFREEZONEs|website=uaefreezone.org|language=en-US|access-date=2018-05-28}}</ref> [[Ahmed Sultan Bin Sulayem|Ahmed Bin Sulayem]] is the Executive Chairman of DMCC.


⚫
== DMCC Property ==
[[Ahmed Sultan Bin Sulayem|Ahmed Bin Sulayem]] is the Executive Chairman of DMCC.
⚫
In 2015, DMCC Free Zone was recognized as the best free zone in the world by The [[Financial Times]] [[FDi magazine]]. It has 15,000+ registered companies as of 2018.<ref>{{Cite news|url=https://www.zawya.com/mena/en/story/DMCC_signs_UN_womens_empowerment_principles_advancing_gender_equality-ZAWYA20180307114551/|title=DMCC signs UN women's empowerment principles advancing gender equality|last=|first=|date=|work=|access-date=2018-10-09|language=en-US}}</ref><ref>{{Cite news|url=http://www.thenational.ae/business/industry-insights/markets/dmcc-becomes-uaes-largest-free-zone-as-commodities-trading-booms|title=The National - The Middle East. Explained|work=The National|access-date=2018-05-28|language=en}}</ref><ref>{{Cite news|url=https://www.zawya.com/story/DMCC_launches_exclusive_health_insurance_solution_for_all_Free_Zone_members-ZAWYA20140929124341|title=DMCC launches exclusive health insurance solution for all Free Zone members|access-date=2018-05-28|language=en-US}}</ref><ref>{{Cite news|url=http://gulfnews.com/business/sectors/markets/dmcc-ranked-the-best-free-zone-in-the-world-1.1600218|title=DMCC ranked the best free zone in the world|last=WAM|date=2015-10-13|work=GulfNews|access-date=2018-05-28}}</ref> In 2018, DMCC was named number one global free zone for the fourth consecutive year by the [[Financial Times]] [[FDi magazine]].<ref name=":0">{{Cite news|url=https://www.arabianbusiness.com/politics-economics/380763-dubais-dmcc-named-the-worlds-top-free-zone-for-third-year|title=Dubai's DMCC named the world's top free zone for third year|last=|first=|date=|work=ArabianBusiness.com|access-date=2018-10-09|language=en}}</ref><ref name=":1">{{Cite web|url=https://www.fdiintelligence.com/Rankings/fDi-s-Global-Free-Zones-of-the-Year-2018-the-winners|title=fDi’s Global Free Zones of the Year 2018 – the winners|last=Intelligence|first=fDi|website=www.fdiintelligence.com|language=en-GB|access-date=2018-10-11}}</ref>


DMCC (for which [[Jumeirah Lakes Towers]] (JLT) (Arabic: أبراج بحيرات جميرا) is the physical address) is located on [[Sheikh Zayed Road]] and is close to [[Abu Dhabi]].<ref>{{Cite web|url=http://www.dmcc.ae/jltauthority/freezoneservices/jumeirah-lakes-towers/|title=Free Zone in Dubai, UAE: World's #1 Free Trade Zone - DMCC|website=DMCC|language=en|access-date=2018-05-28}}</ref><ref>{{Cite web|url=http://www.dubaifreezone.org/dmcc-dubai-multi-commodities-centre.html|title=setup business in DMCC free zone {{!}} JLT free zone|last=Solutions|first=Culumus|website=www.dubaifreezone.org|access-date=2018-05-28}}</ref> [[Almas Tower]], the headquarters of DMCC, was completed in mid-2008 and is the world's 31st tallest structures. There are 68 fully operational towers and the development comprises commercial, residential and retail space.<ref>{{Cite news|url=http://www.thenational.ae/business/economy/dmcc-head-proud-to-be-on-track-with-e-government-project|title=DMCC head proud to be on track with e-government project|work=The National|access-date=2018-05-28|language=en}}</ref>
== DMCC ==
⚫
DMCC Free Zone is the UAE's largest free zone in the UAE, with over 15,000 registered members as of 2018.<ref>{{Cite news|url=https://www.zawya.com/mena/en/story/DMCC_signs_UN_womens_empowerment_principles_advancing_gender_equality-ZAWYA20180307114551/|title=DMCC signs UN women's empowerment principles advancing gender equality|last=|first=|date=|work=|access-date=2018-10-09|language=en-US}}</ref><ref>{{Cite news|url=http://www.thenational.ae/business/industry-insights/markets/dmcc-becomes-uaes-largest-free-zone-as-commodities-trading-booms|title=The National - The Middle East. Explained|work=The National|access-date=2018-05-28|language=en}}</ref> Member companies of DMCC operate across all stages of the value-chain, in addition to other support and facilitation services.<ref>{{Cite news|url=https://www.zawya.com/story/DMCC_launches_exclusive_health_insurance_solution_for_all_Free_Zone_members-ZAWYA20140929124341|title=DMCC launches exclusive health insurance solution for all Free Zone members|access-date=2018-05-28|language=en-US}}</ref><ref>{{Cite news|url=http://gulfnews.com/business/sectors/markets/dmcc-ranked-the-best-free-zone-in-the-world-1.1600218|title=DMCC ranked the best free zone in the world|last=WAM|date=2015-10-13|work=GulfNews|access-date=2018-05-28}}</ref>


⚫
DMCC recently launched the Middle East's first Google for Entrepreneurs Global Tech Hub with [[AstroLabs]] Dubai.<ref>{{Cite news|url=http://www.thenational.ae/business/technology/dmcc-astrolabs-and-google-team-up-for-tech-hub-launch|title=DMCC, AstroLabs and Google team up for tech hub launch|work=The National|access-date=2018-05-28|language=en}}</ref>
In 2018, DMCC was named number one global free zone for a record fourth consecutive year by the [[Financial Times]] [[FDi magazine]].<ref name=":0">{{Cite news|url=https://www.arabianbusiness.com/politics-economics/380763-dubais-dmcc-named-the-worlds-top-free-zone-for-third-year|title=Dubai's DMCC named the world's top free zone for third year|last=|first=|date=|work=ArabianBusiness.com|access-date=2018-10-09|language=en}}</ref><ref name=":1">{{Cite web|url=https://www.fdiintelligence.com/Rankings/fDi-s-Global-Free-Zones-of-the-Year-2018-the-winners|title=fDi’s Global Free Zones of the Year 2018 – the winners|last=Intelligence|first=fDi|website=www.fdiintelligence.com|language=en-GB|access-date=2018-10-11}}</ref>

The 200-hectare mixed-use free zone, comprises both freehold and leasing options. The development is grouped into clusters each comprising three tower blocks around three large lakes and a central park.<ref>{{Cite news|url=http://www.emirates247.com/news/emirates/dubai-residents-flock-to-jlt-s-newly-opened-park-2014-01-16-1.534885|title=Dubai residents flock to JLT's newly-opened park|last=Leijen|first=Majorie van|date=2014-01-16|work=Emirates 24{{!}}7|access-date=2018-05-28|language=en-GB}}</ref>

DMCC is situated in the heart of new Dubai and is approximately 1 hour and 15 minutes away from [[Abu Dhabi]]. Located in Dubai's logistics corridor and on the main [[Sheikh Zayed Road]], it has two [[Dubai Metro|Metro]] stations; DMCC and [[Dubai Marina]]. Both [[Dubai International Airport]] and the [[Al Maktoum International Airport|New Maktoum International Airport]] can be reached within 30 minutes.<ref>{{Cite web|url=http://www.dmcc.ae/jltauthority/freezoneservices/jumeirah-lakes-towers/|title=Free Zone in Dubai, UAE: World's #1 Free Trade Zone - DMCC|website=DMCC|language=en|access-date=2018-05-28}}</ref><ref>{{Cite web|url=http://www.dubaifreezone.org/dmcc-dubai-multi-commodities-centre.html|title=setup business in DMCC free zone {{!}} JLT free zone|last=Solutions|first=Culumus|website=www.dubaifreezone.org|access-date=2018-05-28}}</ref>

⚫
DMCC recently launched the Middle East's first Google for Entrepreneurs Global Tech Hub with [[AstroLabs]] Dubai. The Google for Entrepreneurs Global Tech Hub features an advanced mobile device development lab, co-designed with Google for Entrepreneurs, to enable Startups to build apps for the highest smartphone penetration markets globally.<ref>{{Cite news|url=http://www.thenational.ae/business/technology/dmcc-astrolabs-and-google-team-up-for-tech-hub-launch|title=DMCC, AstroLabs and Google team up for tech hub launch|work=The National|access-date=2018-05-28|language=en}}</ref>

There are 68 fully operational towers and the 200-hectare development currently comprises approximately 180,000 sq/m of commercial, residential and retail space.<ref>{{Cite news|url=http://www.thenational.ae/business/economy/dmcc-head-proud-to-be-on-track-with-e-government-project|title=DMCC head proud to be on track with e-government project|work=The National|access-date=2018-05-28|language=en}}</ref>


== Commodity services ==
== Commodity services ==
[[File:Aerial View of Jumeirah Lakes Towers.jpg|thumb|Aerial View of [[JLT Free Zone|Jumeirah Lake Towers (JLT)]]|alt=]]
[[File:Aerial View of Jumeirah Lakes Towers.jpg|thumb|Aerial View of [[JLT Free Zone|Jumeirah Lake Towers (JLT)]]|alt=]]
DMCC is the only international commodity centre in the region. It supports commodity trading across certain commodity groups through purpose-built infrastructure including the Dubai Diamond Exchange (DDE) and Dubai Pearl Exchanges (DPE), DMCC Tradeflow and the Dubai Good Delivery Standard (DGD) for Gold.
DMCC supports commodity trading in certain commodity groups through purpose-built infrastructure including the Dubai Diamond Exchange (DDE) and Dubai Pearl Exchanges (DPE), DMCC Tradeflow and the Dubai Good Delivery Standard (DGD) for Gold.


The four main commodity groups are:
The four main commodity groups are:


'''Gold:''' DMCC has integrated the refining, manufacturing and trading of gold and precious metals through a variety of Dubai-based services (including Dubai Good Delivery (DGD), Dubai Gold Advisory Group, DMCC Vault), and products (including the Visions of Dubai commemorative gold coin and the UAE gold bullion coin.<ref>{{Cite news|url=http://gulfnews.com/business/general/uae-s-first-gold-coin-to-go-on-sale-by-end-of-this-month-1.989238|title=UAE's first gold coin to go on sale by end of this month|last=Reporter|first=Cleofe Maceda, Senior|date=2012-03-03|work=GulfNews|access-date=2018-05-28}}</ref><ref>{{Cite news|url=http://gulfnews.com/business/your-money/uae-s-first-gold-coin-a-good-option-expert-says-1.995531|title=UAE's first gold coin a good option, expert says|last=Reporter|first=Cleofe Maceda, Senior|date=2012-03-17|work=GulfNews|access-date=2018-05-28}}</ref>
'''Gold:''' DMCC has integrated the refining, manufacturing and trading of [[gold]] and precious metals through a variety of Dubai-based products and services.<ref>{{Cite news|url=http://gulfnews.com/business/general/uae-s-first-gold-coin-to-go-on-sale-by-end-of-this-month-1.989238|title=UAE's first gold coin to go on sale by end of this month|last=Reporter|first=Cleofe Maceda, Senior|date=2012-03-03|work=GulfNews|access-date=2018-05-28}}</ref><ref>{{Cite news|url=http://gulfnews.com/business/your-money/uae-s-first-gold-coin-a-good-option-expert-says-1.995531|title=UAE's first gold coin a good option, expert says|last=Reporter|first=Cleofe Maceda, Senior|date=2012-03-17|work=GulfNews|access-date=2018-05-28}}</ref>


'''Diamonds:''' The Dubai Diamond Exchange (DDE) was established in 2004 to facilitate the development of the diamond and coloured gems market.<ref>{{Cite web|url=http://www.dmcc.ae/jltauthority/diamond/news/news-details/236/|title=DMCC Blog|website=DMCC|language=en|access-date=2018-05-28}}</ref> Dubai ranks third behind [[Antwerp]] and Mumbai in the leading global diamond hubs in terms of trade, growing from $300 million (Dh1.10 billion) in trade in 2002 to $26 billion in 2016.<ref>{{Cite news|url=https://gulfnews.com/business/economy/vat/vat-imperils-dubai-s-diamond-trade-dde-chairman-warns-1.2106784|title=VAT imperils Dubai’s diamond trade, DDE chairman warns|last=Reporter|first=Andrew Staples, Chief Business|date=2017-10-16|work=GulfNews|access-date=2018-10-09}}</ref>
'''Diamonds:''' The Dubai Diamond Exchange (DDE) was established in 2004 to facilitate the development of the [[diamond]] and coloured gems market.<ref>{{Cite web|url=http://www.dmcc.ae/jltauthority/diamond/news/news-details/236/|title=DMCC Blog|website=DMCC|language=en|access-date=2018-05-28}}</ref>


'''Pearls:''' The Dubai Pearl Exchange (DPE) provides facilities for traders in pearls, and services include sales rooms, customs duty facilitation, gem analysis centre, vaults, market information and dedicated events like the World Pearl Forum. In early 2011, DPE held the first pearl auctions outside of the Far East.<ref>{{Cite web|url=http://www.dmcc.ae/jltauthority/pearl/dubai-pearl-tenders/|title=Dubai Multi Commodities Centre Events|website=DMCC|language=en|access-date=2018-05-28}}</ref>
'''Pearls:''' The Dubai Pearl Exchange (DPE) provides facilities such as customs duty facilitation, gem analysis center, vaults and market information for traders in [[pearl]]s.


'''Tea:''' The DMCC Tea Centre is a 24,000 sq/m facility located in Jebel Ali Free Zone(JAFZA). It has a business centre, temperature controlled storage, blending solutions, [[Packaging and labeling|packaging]], professional advisory and tea tasting services for international tea producers and buyers.<ref>{{cite web |url=http://www.dmcc.ae/jltauthority/tea/dubai-tea-trading-centre/ |title=Archived copy |accessdate=2011-08-17 |deadurl=yes |archiveurl=https://web.archive.org/web/20110711154915/http://www.dmcc.ae/jltauthority/tea/dubai-tea-trading-centre/ |archivedate=2011-07-11 |df= }}</ref>
'''Tea:''' The DMCC Tea Centre is located in Jebel Ali Free Zone (JAFZA). It has a business center for international tea producers and buyers.<ref>{{cite web |url=http://www.dmcc.ae/jltauthority/tea/dubai-tea-trading-centre/ |title=Archived copy |accessdate=2011-08-17 |deadurl=yes |archiveurl=https://web.archive.org/web/20110711154915/http://www.dmcc.ae/jltauthority/tea/dubai-tea-trading-centre/ |archivedate=2011-07-11 |df= }}</ref>


'''Coffee''': In November 2018, the dedicated 7,500 sq/m DMCC Coffee Centre, located next to the DMCC Tea Centre in Jebel Ali Free Zone (JAFZA), will officially open.<ref>{{Cite news|url=https://www.zawya.com/mena/en/story/Dubais_DMCC_to_launch_coffee_centre_in_November-TR20181008nL8N1WO38GX1/|title=Dubai's DMCC to launch coffee centre in November|access-date=2018-10-11|language=en-US}}</ref>
'''Coffee''': The DMCC Coffee Centre has recently opened next to the DMCC Tea Centre in Jebel Ali Free Zone (JAFZA).<ref>{{Cite news|url=https://www.zawya.com/mena/en/story/Dubais_DMCC_to_launch_coffee_centre_in_November-TR20181008nL8N1WO38GX1/|title=Dubai's DMCC to launch coffee centre in November|access-date=2018-10-11|language=en-US}}</ref>


== Financial services ==
== Financial services ==
DMCC financial services include:
DMCC offers investors sophisticated financial products and has formed various strategic joint ventures to achieve this. These include:


'''Dubai Commodity Asset Management (DCAM)''': Established to develop and seed commodity-linked investment products for distribution in the UAE and other markets.
'''Dubai Commodity Asset Management (DCAM)''': Established to develop and seed commodity-linked investment products for distribution in the UAE and other markets.


'''Dubai Shariah Asset Management (DSAM):''' A joint venture between DCAM and Shariah Capital Inc. (‘Shariah Capital’), a US-based Shariah-compliant financial adviser and consultant. The DSAM Kauthar Commodity Fund comprises four single strategy commodity–based funds that invest exclusively in Shariah-compliant [[long/short equity]] hedge funds. The four strategies are: The DSAM Kauthar Gold Fund; the DSAM Kauthar Energy Fund; the DSAM Kauthar Natural Resources Fund and; the DSAM Kauthar Global Resources & Mining Fund.
'''Dubai Shariah Asset Management (DSAM):''' A joint venture between DCAM and Shariah Capital Inc. (‘Shariah Capital’), a US-based [[Shariah]]-compliant financial adviser and consultant. The DSAM Kauthar Commodity Fund comprises four single strategy commodity–based funds that invest exclusively in Shariah-compliant [[long/short equity]] hedge funds.


'''DMCC Tradeflow:''' An electronic system that brings together all parties involved in inventory based financing. Through the platform, owners of goods stored in rated warehouses in the UAE can request warehouse keepers to issue "Tradeflow Warrants" which represent the ownership of their goods. These warrants can be used by the owners to pledge beneficial ownership or transfer title of the stored goods to financiers as collateral in return for working capital.<ref>{{Cite news|url=https://www.reuters.com/article/2012/02/14/idUSL5E8DD62R20120214|title=Dubai launches commodity finance, storage system|last=Editorial|first=Reuters|work=U.S.|access-date=2018-05-28|language=en-US}}</ref>
'''DMCC Tradeflow:''' An electronic system that brings together all parties involved in inventory based financing. Through the platform, owners of goods stored in rated warehouses in the UAE can request warehouse keepers to issue "Tradeflow Warrants" which represent the ownership of their goods. These warrants can be used by the owners to pledge beneficial ownership or transfer title of the stored goods to financiers as collateral in return for working capital.<ref>{{Cite news|url=https://www.reuters.com/article/2012/02/14/idUSL5E8DD62R20120214|title=Dubai launches commodity finance, storage system|last=Editorial|first=Reuters|work=U.S.|access-date=2018-05-28|language=en-US}}</ref>


'''The Dubai Gold & Commodities Exchange (DGCX)''' Established in 2005, is the region's leading derivatives exchange and the only one allowing global participants to trade, clear and settle transactions within the Gulf region. DGCX is an electronic commodity and currency derivatives exchange with over 200 members from across the world, offering futures and options contracts covering the precious metals, energy, equities and currency sectors.<ref>{{Cite news|url=http://www.cpifinancial.net/news/post/34960/dgcx-attracts-wider-regional-participation-in-february-2016|title=DGCX attracts wider regional participation in February 2016|last=Financial.net|first=CPI|work=CPI Financial|access-date=2018-05-28|language=en}}</ref>
'''The Dubai Gold & Commodities Exchange (DGCX)''' Established in 2005, it is a [[derivative]]s exchange that allows global participants to trade within the Gulf region. DGCX is an electronic commodity and currency derivatives exchange with over 200 members from the world.<ref>{{Cite news|url=http://www.cpifinancial.net/news/post/34960/dgcx-attracts-wider-regional-participation-in-february-2016|title=DGCX attracts wider regional participation in February 2016|last=Financial.net|first=CPI|work=CPI Financial|access-date=2018-05-28|language=en}}</ref>

⚫
== Property ==

DMCC, [for which Jumeirah Lakes Towers (JLT) (Arabic: أبراج بحيرات جميرا) is the physical address], is a 200-hectare, mixed-use master development facilitating both business and community living.<ref>{{Cite news|url=http://gulfnews.com/business/features/giving-business-its-best-chance-1.810181|title=Giving business its best chance|last=Reporter|first=Aya Lowe, Staff|date=2011-05-20|work=GulfNews|access-date=2018-05-28}}</ref> Its 68 towers offer residential, office and retail property for freehold and leasing.

[[Almas Tower]], the headquarters of DMCC, was completed in mid-2008, is the world's 31st tallest structures - and home to DMCC and the Dubai Diamond Exchange (DDE) and Dubai Pearl Exchange (DPE). The 68-floor building also houses around a thousand diamond companies, diamond vaults, a diamond trading floor, DMCC's corporate offices and the Almas Conference Centre (ACC).<ref>{{Cite news|url=http://www.thenational.ae/news/uae-news/dubai-tower-that-shines-as-bright-as-a-diamond|title=Dubai tower that shines as bright as a diamond|work=The National|access-date=2018-05-28|language=en}}</ref>

One JLT is a ‘glass-box’ style building in the heart of DMCC, featuring 14 floors of LEED Gold-certified commercial space.<ref>{{Cite web|url=http://www.constructionweekonline.com/article-35338-dmccs-one-jlt-ready-for-occupation-in-nov-2015/|title=DMCC's One JLT ready for occupation in Nov 2015 {{!}} ConstructionWeekOnline.com|last=Bhatia|first=Neha|website=www.constructionweekonline.com|access-date=2018-05-28}}</ref> Located in the heart of DMCC Free Zone and fitted-out to Category A standard, One JLT offers 2.7 hectares of leasable area across column-free floor plates.<ref>{{Cite news|url=http://meconstructionnews.com/story/4980/dubais-dmcc-says-one-jlt-block-ready-for-lease|title=Dubai’s DMCC says One JLT block ready for lease – Middle East Construction News|access-date=2018-05-28|language=en-US}}</ref>

DMCC's 2017 masterplan for the [https://www.uptowndubai.ae/ Uptown Dubai] district includes more than 10 million square feet of Grade A commercial and residential space, more than 200 retail and [[Foodservice|F&B]] outlets, alongside 3000 residences, a central entertainment plaza and luxury hotels.<ref>{{Cite news|url=http://meconstructionnews.com/25062/dmcc-begins-work-on-uptown-dubai-district|title=DMCC begins work on Uptown Dubai district {{!}} Middle East Construction News|date=2017-09-26|work=Middle East Construction News|access-date=2018-08-07|language=en-US}}</ref>


==Awards==
==Awards==
Line 78: Line 60:
* Best Fund-of-Funds, Failaka Islamic Fund Award, April 21, 2010.<ref>{{cite web|title=DMCC's DSAM Kauthar Commodity Fund named 'Best Fund-of-Funds' - Business Intelligence Middle East - bi-me.com - News, analysis, reports|url=http://www.bi-me.com/main.php?c=3&cg=1&t=1&id=46148|website=www.bi-me.com|accessdate=15 April 2017}}</ref>
* Best Fund-of-Funds, Failaka Islamic Fund Award, April 21, 2010.<ref>{{cite web|title=DMCC's DSAM Kauthar Commodity Fund named 'Best Fund-of-Funds' - Business Intelligence Middle East - bi-me.com - News, analysis, reports|url=http://www.bi-me.com/main.php?c=3&cg=1&t=1&id=46148|website=www.bi-me.com|accessdate=15 April 2017}}</ref>


== List of JLT Towers ==
== List of DMCC Towers ==
{| class="wikitable"
{| class="wikitable"
|-
|-
Line 134: Line 116:
| J1 - Gold Crest Views 2
| J1 - Gold Crest Views 2
| J2 - Unknown Tower
| J2 - Unknown Tower
| J3 - [[The Bonnington Tower|Bonnington Tower]]
| J3 - Bonnington Tower
|-
|-
| '''K'''
| '''K'''

Revision as of 15:15, 5 February 2019

DMCC (Dubai Multi Commodities Centre)
مركز دبي للسلع المتعددة
Company typePublic
IndustryCommodities Trade and Exchanges, Real Estate and Property
Founded2002
Headquarters
Almas Tower, Dubai
,
United Arab Emirates
Key people
Ahmed Sultan Bin Sulayem, Executive Chairman
Gautam Sashittal, Chief Executive Officer
Number of employees
300+
Websitewww.dmcc.ae

DMCC (Dubai Multi Commodities Centre) established in 2002 by the Government of Dubai is a hub for global commodities trade.[1] Ahmed Bin Sulayem is the Executive Chairman of DMCC.

DMCC Property

In 2015, DMCC Free Zone was recognized as the best free zone in the world by The Financial Times FDi magazine. It has 15,000+ registered companies as of 2018.[2][3][4][5] In 2018, DMCC was named number one global free zone for the fourth consecutive year by the Financial Times FDi magazine.[6][7]

DMCC (for which Jumeirah Lakes Towers (JLT) (Arabic: أبراج بحيرات جميرا) is the physical address) is located on Sheikh Zayed Road and is close to Abu Dhabi.[8][9] Almas Tower, the headquarters of DMCC, was completed in mid-2008 and is the world's 31st tallest structures. There are 68 fully operational towers and the development comprises commercial, residential and retail space.[10]

DMCC recently launched the Middle East's first Google for Entrepreneurs Global Tech Hub with AstroLabs Dubai.[11]

Commodity services

Aerial View of Jumeirah Lake Towers (JLT)

DMCC supports commodity trading in certain commodity groups through purpose-built infrastructure including the Dubai Diamond Exchange (DDE) and Dubai Pearl Exchanges (DPE), DMCC Tradeflow and the Dubai Good Delivery Standard (DGD) for Gold.

The four main commodity groups are:

Gold: DMCC has integrated the refining, manufacturing and trading of gold and precious metals through a variety of Dubai-based products and services.[12][13]

Diamonds: The Dubai Diamond Exchange (DDE) was established in 2004 to facilitate the development of the diamond and coloured gems market.[14]

Pearls: The Dubai Pearl Exchange (DPE) provides facilities such as customs duty facilitation, gem analysis center, vaults and market information for traders in pearls.

Tea: The DMCC Tea Centre is located in Jebel Ali Free Zone (JAFZA). It has a business center for international tea producers and buyers.[15]

Coffee: The DMCC Coffee Centre has recently opened next to the DMCC Tea Centre in Jebel Ali Free Zone (JAFZA).[16]

Financial services

DMCC financial services include:

Dubai Commodity Asset Management (DCAM): Established to develop and seed commodity-linked investment products for distribution in the UAE and other markets.

Dubai Shariah Asset Management (DSAM): A joint venture between DCAM and Shariah Capital Inc. (‘Shariah Capital’), a US-based Shariah-compliant financial adviser and consultant. The DSAM Kauthar Commodity Fund comprises four single strategy commodity–based funds that invest exclusively in Shariah-compliant long/short equity hedge funds.

DMCC Tradeflow: An electronic system that brings together all parties involved in inventory based financing. Through the platform, owners of goods stored in rated warehouses in the UAE can request warehouse keepers to issue "Tradeflow Warrants" which represent the ownership of their goods. These warrants can be used by the owners to pledge beneficial ownership or transfer title of the stored goods to financiers as collateral in return for working capital.[17]

The Dubai Gold & Commodities Exchange (DGCX) Established in 2005, it is a derivatives exchange that allows global participants to trade within the Gulf region. DGCX is an electronic commodity and currency derivatives exchange with over 200 members from the world.[18]

Awards

  • Global Islamic Finance Award for Best Supporting Institution, 2014.[19]
  • fDi Global Free Zones of the Year, 2015, 2016, 2017 and 2018.[20][21][6][7]
  • Facilitating Most Innovative Structured Transaction Award in 2007, Deal of the Year Award.[22]
  • Dubai Shariah Asset Management awarded as Best Shariah Compliant product provider, and DSAM Kauthar Commodity Fund received Best Funds of Funds Award, at the Hedge Funds World Middle East Conference 2010[23]
  • Best Fund-of-Funds, Failaka Islamic Fund Award, April 21, 2010.[24]

List of DMCC Towers

Cluster Tower 1 Tower 2 Tower 3
A A1 - New Dubai Gate 2 A2 - Laguna Tower A3 - Lake Side Residence
B B1 - Wind Tower II B2 - Lake View Tower B3 - Wind Tower I
C C1 - Fortune Tower C2 - Gold Crest Executive Tower C3 - The Palladium
D D1 - Indigo Tower D2 - Lake Terrace Tower D3 - Lake City Tower
E E1 - Global Lake View E2 - Al Sheraa Tower E3 - SABA Office
F F1 - Bobyan Tower F2 - HDS Tower F3 - Indigo Icon
G G1 - Dubai Arch G2 - Jumeirah Business Centre 1 G3 - Al Fajer Properties (most likely JBC 8 or 9)
H H1 - Jumeirah Business Centre 7 H2 - Concorde Tower H3 - Al Fajer Properties (most likely JBC 8 or 9)
I I1 - Silver Tower I2 - Platinum Tower I3 - Gold Tower
J J1 - Gold Crest Views 2 J2 - Unknown Tower J3 - Bonnington Tower
K K1 - Under Construction K2 - Under Construction K3 - Under Construction
L L1 - Jumeirah Business Centre 6 L2 - Dubai Star L3 - Ikon Towers
M M1 - HDS Business Centre M2 - M3 - Ikon Towers
N N1 - The Dome N2 - Lakepoint N3 - Jumeirah Business Centre 4
O O1 - Reef Tower O2 - O2 Residence O3 - Madina Tower
P P1 - Armada Towers 1 P2 - Armada Towers 2 P3 - Armada Towers 3
Q Q1 - SABA Twin Towers Q2 - New Dubai Gate 1 Q3 - SABA Twin Towers
R R1 - Al Waleed Paradise R2 - MAG 214 R3 - Al Saqran Tower
S S1 - Green Lake Towers S2 - Green Lake Towers S3 - Green Lake Towers
T T1 - Fortune Executive T2 - Lake Plaza T3 - Pullman Hotel Dubai, JLT
U B1 - U1 - Al Seef Tower 3 U2 - Al Seef Tower 2 U3 - Tamweel Tower
V V1 - Jumeirah Business Centre 2 V2 - Gold Crest V3 - V3 Tower
W W1 - Jumeirah Business Centre 5 W2 - Tiffany Tower W3 - LIWA Heights
X X1 - Jumeirah Bay X2 - Jumeirah Bay X3 - Jumeirah Bay
Y Y1 - Jumeirah Business Centre 3 Y2 - Lake Shore Tower Y3 - Swiss Tower
Z Z1 - Jumeirah Lake Apartments Z2 - Anantara Hotel & Spa Z3 - Jumeirah Lake Offices
AA AA1 - Business Avenue AA2 - Amesco Tower AA3 - Corporate Tower
BB BB1 - Business Avenue BB2 - Business Avenue BB3 - SABA TOWER 4

See also

References

  1. ^ "Dubai Multi Commodities Centre Authority (DMCC)UAEFREEZONE | UAEFREEZONEs". uaefreezone.org. Retrieved 2018-05-28.
  2. ^ "DMCC signs UN women's empowerment principles advancing gender equality". Retrieved 2018-10-09.
  3. ^ "The National - The Middle East. Explained". The National. Retrieved 2018-05-28.
  4. ^ "DMCC launches exclusive health insurance solution for all Free Zone members". Retrieved 2018-05-28.
  5. ^ WAM (2015-10-13). "DMCC ranked the best free zone in the world". GulfNews. Retrieved 2018-05-28.
  6. ^ a b "Dubai's DMCC named the world's top free zone for third year". ArabianBusiness.com. Retrieved 2018-10-09.
  7. ^ a b Intelligence, fDi. "fDi's Global Free Zones of the Year 2018 – the winners". www.fdiintelligence.com. Retrieved 2018-10-11.
  8. ^ "Free Zone in Dubai, UAE: World's #1 Free Trade Zone - DMCC". DMCC. Retrieved 2018-05-28.
  9. ^ Solutions, Culumus. "setup business in DMCC free zone | JLT free zone". www.dubaifreezone.org. Retrieved 2018-05-28.
  10. ^ "DMCC head proud to be on track with e-government project". The National. Retrieved 2018-05-28.
  11. ^ "DMCC, AstroLabs and Google team up for tech hub launch". The National. Retrieved 2018-05-28.
  12. ^ Reporter, Cleofe Maceda, Senior (2012-03-03). "UAE's first gold coin to go on sale by end of this month". GulfNews. Retrieved 2018-05-28.{{cite news}}: CS1 maint: multiple names: authors list (link)
  13. ^ Reporter, Cleofe Maceda, Senior (2012-03-17). "UAE's first gold coin a good option, expert says". GulfNews. Retrieved 2018-05-28.{{cite news}}: CS1 maint: multiple names: authors list (link)
  14. ^ "DMCC Blog". DMCC. Retrieved 2018-05-28.
  15. ^ "Archived copy". Archived from the original on 2011-07-11. Retrieved 2011-08-17. {{cite web}}: Unknown parameter |deadurl= ignored (|url-status= suggested) (help)CS1 maint: archived copy as title (link)
  16. ^ "Dubai's DMCC to launch coffee centre in November". Retrieved 2018-10-11.
  17. ^ Editorial, Reuters. "Dubai launches commodity finance, storage system". U.S. Retrieved 2018-05-28. {{cite news}}: |first= has generic name (help)
  18. ^ Financial.net, CPI. "DGCX attracts wider regional participation in February 2016". CPI Financial. Retrieved 2018-05-28.
  19. ^ "DMCC Tradeflow receives Global Islamic Finance Award for Best Supporting Institution 2014". wam. Retrieved 15 April 2017.
  20. ^ "fDi Global Free Zones of the Year 2014 – Winners". www.fdiintelligence.com. Retrieved April 15, 2017.
  21. ^ "fDi Global Free Zones of the Year 2015 – Winners". www.fdiintelligence.com. Retrieved 15 April 2017.
  22. ^ "DMCC Tradeflow receives logistics project of the year award | Zawya MENA Edition". www.zawya.com. Retrieved 15 April 2017.
  23. ^ "Hedge Funds World Middle East Awards select winners from across the region" (PDF). www.aps.com.sg. March 9, 2010. Retrieved 15 April 2017.
  24. ^ "DMCC's DSAM Kauthar Commodity Fund named 'Best Fund-of-Funds' - Business Intelligence Middle East - bi-me.com - News, analysis, reports". www.bi-me.com. Retrieved 15 April 2017.

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