The Dubai Multi-Commodities Centre (DMCC), a Government of Dubai Authority and Euler Hermes, the world’s leading provider of trade-related insurance solutions, have signed a memorandum of understanding (MoU) to enhance mutual cooperation.
The Dubai Multi-Commodities Centre (DMCC), a Government of Dubai Authority and Euler Hermes, the world’s leading provider of trade-related insurance solutions, have signed a memorandum of understanding (MoU) to enhance mutual cooperation.
The signing was attended by Ahmed Bin Sulayem, Executive Chairman, DMCC, and a Euler Hermes delegation led by Massimo Falcioni, CEO, Euler Hermes GCC.
Ahmed Bin Sulayem, Executive Chairman, DMCC, said, “With over 6,600 companies currently operating from the JLT Free Zone, it is essential that we offer our members the most appropriate products and services they require in order to succeed. Today’s MoU between DMCC and Euler Hermes marks our commitment to the ever-growing international business community in Jumeirah Lakes Tower (JLT) whilst highlighting Dubai’s strength as a global hub for trade and enterprise”.
The MoU follows a meeting between Ahmed Bin Sulayem, Executive Chairman, DMCC and Wilfried Verstraete, Chairman of the Euler Hermes Group Management Board, during Mr Verstraete’s recent visit to Dubai. Euler Hermes representatives were also given a tour of DMCC’s headquarters, Almas Tower, the tallest commercial tower in the Middle East, based in JLT.
“Under the terms of the MoU, Euler Hermes will be able to offer all existing and potential DMCC members credit insurance products and services through the JLT Service Centre in Almas Tower, JLT, to safely develop their domestic and export trade,” said Massimo Falcioni.
The Dubai Multi Commodities Centre (DMCC) is a strategic initiative of the Government of Dubai, was established in 2002, with a mandate to provide the physical, market and financial infrastructure required to set up a commodities market place in Dubai.