'Visions of Dubai' will be produced under the supervision of the Dubai Multi Commodities Centre (DMCC), thereby guaranteeing the quality of the coins, and monitoring the business practices of the appointed agent.
The name of the coin has been selected to reflect the visionary leadership of Dubai, and the innovative projects that the emirate has unveiled.
The first coin in the series of valuable collectible coins representing the emirate will feature the image of His Highness Sheikh Mohammed bin Rashid Al Maktoum on one side, while Burj Al Arab, Dubai's iconic landmark will be engraved on the other side. Other coins in the series will feature images of Dubai reflecting the spectacular ambitions of the emirate.
Made of 22-carat gold and to be produced at a local gold refinery mandated by DMCC, the coins will be produced in four different units: 1oz (34 g), ½ oz (17 g), ¼ oz (8.5 g) and 1/10 oz (3.4 g).
'Visions of Dubai' was officially launched earlier this year during the 'Dubai City of Gold' conference. Now, with the royal seal of approval, the coin will take its place as an official symbol of Dubai.
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Dubai's first souvenir gold coin unveiled to Sheikh Mohammed
- United Arab Emirates: Sunday, September 23 - 2007 at 15:38
- PRESS RELEASE
Visions of Dubai,' Dubai's first souvenir gold coin was unveiled to His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai today.
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Notes and media contacts
DMCC CorporateDMCC was created in 2002 as a strategic initiative of the Dubai Government to establish a commodity marketplace in Dubai. Rated 'A' by Standard & Poor's, it provides the market infrastructure that brings together a wide range of commodities activities, and is committed to serve the needs of participants in the gold, diamonds and commodities markets. Resident companies of DMCC are offered highly attractive benefits under a 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.
For further information, please contact:
Sudha Chandran
Corporate Communications Manager
Dubai Multi Commodities Centre
Tel: 971 4 3678382
Nicholas Nesson / Gunjan Chaurasia
ASDA'A Public Relations
Exclusive Affiliate of Edelman, Middle East & North Africa
Dubai, UAE
Tel: 971-4-3355969,
Fax: 971-4-3356080
Posted by Lara Lynn Golden, News EditorSunday, September 23 - 2007 at 15:38 UAE local time (GMT+4)
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