Dubai Export Development Corporation and Dubai Multi Commodities Centre agree to enhance export capabilities

The two companies have signed a Memorandum of Understanding to this effect.

The unique partnership has been forged with a view to enhance the Emirate's export capabilities through the provision of export support services to DMCC's vast member portfolio.

The three-year agreement is in line with EDC's responsibility to develop and support the increasing demand on exports of various commodities, as well as sustain Dubai's growing economy.

The MoU stipulates the establishment of a joint management committee to oversee EDC's provision of a number of specific services to, which will include export preparation, export facilitation and international trade assistance to DMCC member companies.

"It has always been our endeavour to better export functions in Dubai. This agreement is a significant milestone in EDC's mission to identify and deliver trade support services to Dubai's commodity businesses,' said Engr. Saed Al Awadi, Chief Executive Officer, EDC.

"Dubai is the ideal location providing world class trading platform for a wide array of commodities. Its geographical position is a strategic strength as are the sophisticated

infrastructure and enlightened leadership of the Emirate of Dubai. Through this agreement, EDC will be positioned to interact directly with DMCC registered companies and supply them with valuable trade assistance," he added.

Ahmed Bin Sulayem, Executive Chairman, DMCC said:

"DMCC's member companies hail from a variety of commodity sectors, and are continuously seeking to expand their businesses to international jurisdictions. We work closely with our registered members providing value-added services that will further facilitate them in achieving their objectives. We are pleased to partner with EDC, as this MoU lays the foundation to further enhance the export infrastructure for our members. The collaboration with EDC will also help our members gain wider access to markets around the world."

Under the agreement DMCC would facilitate customer interaction and information sharing with EDC's Research team, which will in turn, mould EDC's strategy & direction in the export assistance to DMCC customers.

Meanwhile, EDC services that will be made available to DMCC business partners will include access to domestic and international market research intelligence to assist in business planning.

The Joint Management Committee will meet periodically to identify value added services and phased delivery schedule to DMCC businesses.

The two organisations also plan to promote each other via networking events, shared participation in local & international events and exhibitions, website links and dissemination of mutual printed promotional material.