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UAE Freezones Biz News Updates
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UAE- DMCC, Jafza to boost business in free zones
Dubai Multi Commodities Centre, or DMCC, announced on Wednesday the signing
of a Memorandum of Understanding (MoU) with Economics World Zone, Jafza''s
parent company.
The purpose of the memorandum is to enhance trade and explore new
collaboration between Dubai''s leading Free Zones by sharing best market
practices and access to state-of-the-art technology through trading
platforms such as DMCC Tradeflow.
Jafza companies will benefit from a range of products available through DMCC
Tradeflow, the only electronic central registry for commodity ownership in
the region, and its value added services including Sharia compliant
commodity Murabaha mechanisms, inventory financing, as well as certified
storage facilities through DMCC''s ''warehouse inspections and ratings
programme''.
Ahmed bin Sulayem, Executive Chairman, DMCC, said: "This collaboration with
Jafza marks a natural next step in how DMCC seeks to collaborate with Free
Zones to offer market participants access to technology and infrastructure
they need to trade efficiently, - and how we deliver the future of strategic
partnerships for the benet of Dubai''s economic growth."
Ibrahim Mohammed Aljanahi, Deputy CEO and Chief Commercial Officer of Jafza,
said: "The DMCC Tradeflow platform has gained the trust of registered
companies due to the transparency of operations and safety of the
information shared. Companies also have easy access to funding by
registering on the platform that has contributed to their expansion and
growth in local and regional markets."
He emphasised, "Jafza has joined hands with DMCC to provide our customers
with the facility to promote their trade. Our customers can list their
companies and commodities on the DMCC Tradeflow platform to finance their
businesses without hurdles."
June 30, 2016 |
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Courtesy MENAFN
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