Dubai and Angola explore opportunities to promote diamond trade

Dubai Multi Commodities Centre (DMCC) announced today that it has begun exploring opportunities to strengthen ties with Angola in the area of diamond trade.

Dubai's delegation comprising Ahmed Bin Sulayem, Executive Chairman of DMCC, Peter Meeus, Chairman of Dubai Diamond Exchange and Paul Motmans, an expert on the Angolan economy, met with senior government officials of Angola at a high-profile dinner meeting in Luanda, Angloa, earlier this month.

Dubai and Angola are in the preliminary stage of outlining areas for cooperation to increase rough diamond trade volumes, in addition to other initiatives that can benefit the entire value chain of the diamond industry.