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DMCC Welcomes ALROSA to Free Zone

November 27 2014

DMCC welcomes leading global diamond mining company ALROSA – Arcos East DMCC to Free Zone

 

DMCC, one of the world’s leading commodity hubs for trade and enterprise and the largest and fastest growing Free Zone in the UAE, welcomed ALROSA and its subsidiary Arcos East DMCC to Dubai, as the company opened their new office in Almas Tower.

Alexander Efimov, Russian Ambassador to the UAE, Andrey Polyakov, Vice President, ALROSA and Dmitrii Chizhov, General Director, Arcos East were welcomed by Ahmed Bin Sulayem, Executive Chairman, DMCC; Gautam Sashittal, Chief Executive Officer, DMCC; and Peter Meeus, Chairman of the Dubai Diamond Exchange and other senior DMCC officials.

The ALROSA move further highlights the significant role Dubai is serving as one of the world’s leading diamond hubs for trade and its connectivity to producing countries in Africa, cutting and polishing markets in Asia and consuming markets in Europe, North America and China.

Ahmed Bin Sulayem, Executive Chairman, DMCC, said:
“The ever increasing number of large corporates and leading market participants such as ALROSA – Arcos East DMCC choosing to operate out of Dubai and the DMCC Free Zone continue to make a significant impact on the rapid growth of the diamond trade in the UAE.

“ALROSA is one of the world’s leaders in diamond mining accounting for approximately 97 per cent of all Russian production, and we wish their subsidiary Arcos East DMCC every success as they expand and access new markets here in Dubai and beyond.”

Andrey Polyakov, Vice President, ALROSA:
“ALROSA’s decision to operate out of Dubai and in the DMCC Free Zone is another step in a long term expansion plan.

“Dubai connects all major diamond production and consumption centres globally. From a logistics perspective the Emirate has unrivalled ability to support the growth ambitions of global traders and its international transport links makes doing business here convenient and efficient. Dubai is no doubt one of the most efficient places for the trade which is one of many reasons why we are opening an office here.”

ALROSA, the Russian world leader in diamond mining, joins over 180 Russian companies currently based in the Free Zone, including Smolensk-Kristall - the manufacturers of the prestigious Dubai Cut Diamond and Lukoil - one of the world’s largest oil and gas companies. The DMCC Free Zone is home to over 9,700 member companies in total.

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