Dubai’s Export Development Corporation (EDC), the Dubai Government body charged with promoting exports from the emirate, has announced its alliance with Dubai Multi Commodities Centre (DMCC), a strategic organisation catering to the commodity market in Dubai.

The alliance aims to “seek, share and offer exclusive knowledge, competence and support to each other and their partners, and develop a mutually rewarding and successful relationship,” an EDC statement said.
“The unique partnership has been forged with a view to enhancing the emirate’s export capabilities through the provision of export support services to DMCC’s vast member portfolio,” it added.
The agreement has a three-year validity and stipulates the establishment of a joint management committee to oversee EDC’s provision of a number of specific services including export preparation, export facilitation and international trade assistance to DMCC member companies.
“This agreement is a significant milestone in EDC’s mission to identify and deliver trade support services to Dubai’s commodity businesses,” said Saed Al Awadi, CEO, EDC.
“Dubai is the ideal location providing a world-class trading platform for a wide array of commodities. Its geographical position is a strategic strength as is the sophisticated infrastructure and enlightened leadership 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 will facilitate customer interaction and information sharing with EDC’s research team, which will in turn, mould EDC’s strategy and 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 and international events and exhibitions, website links and dissemination of mutual printed promotional material.