The group is set to play a crucial role in shaping industry standards and fostering global partnerships
In a landmark initiative aimed at reinforcing Dubai’s status as a global bullion and refinery hub, industry leaders have officially launched the Dubai Business Group for Bullion and Gold Refinery. This newly formed group will serve as a unified platform for key stakeholders in the bullion and precious metals sector, driving industry collaboration, innovation, and sustainable growth.
Operating under Dubai Chamber of Commerce, the group is set to play a crucial role in shaping industry standards, fostering global partnerships, and advocating for policies that enhance transparency and efficiency within the bullion and refinery ecosystem.
A Vision for Industry Excellence
Speaking on the launch, Mohammed Ayyob, chairman of the Dubai Business Group for Bullion and Gold Refinery, stated: “Dubai has long been recognised as a global leader in the bullion and gold refinery sector, and the formation of this group marks a significant milestone in our journey. Our objective is to create a strong, unified voice for industry stakeholders, ensuring that Dubai remains at the forefront of bullion trade, refining excellence, and responsible sourcing. By fostering collaboration and innovation, we aim to set new benchmarks for the industry while supporting the UAE’s vision for economic diversification and global leadership.”
Driving Collaboration and Market Growth
The Dubai Business Group for Bullion and Gold Refinery will focus on key initiatives, including:
· Forging Global Partnerships – Establishing strategic collaborations with international market players and industry associations to enhance Dubai’s role in the global bullion supply chain.
· Promoting Compliance and Best Practices – Driving the adoption of global compliance standards, responsible sourcing, and best practices to ensure transparency, integrity, and sustainability in the bullion and refinery sector.
· Knowledge and Thought Leadership – Hosting bi-monthly industry meetings and knowledge-sharing sessions to foster dialogue on evolving market trends, regulatory changes, and technological advancements.
A Strategic Move for the UAE’s Precious Metals Industry
Dubai is home to some of the world’s most prominent bullion traders, refiners, and logistics providers, making it a vital player in the global precious metals market. The formation of this group further cements the emirate’s commitment to industry best practices, ensuring that its bullion and refinery sector continues to thrive amid changing global dynamics.
Looking Ahead
As Dubai continues to shape the future of the global bullion industry, the newly launched group is set to become the driving force for collaboration, advocacy, and industry-wide excellence.
For further information visit: www.dubaibullionandrefinerygroup.ae
