Page 327 - MOE ENGLISH PR REPORT- NOVEMBER 2024

intelligence and blockchain to boost traceability, provenance and responsible sourcing.

During his keynote address, His Excellency Abdulla bin Touq Al Marri, Cabinet Member & UAE
Minister of Economy, said: “Today, the UAE stands as a vital hub for international trade in precious
metals, attracting businesses and investments from around the world. This success is underpinned
by advanced infrastructure and forward-thinking regulations, as well as an unwavering
commitment to traceability best practices, which make the UAE a trusted destination for industry
players. Through DMCC’s world-class facilities and support, gold companies operating in the UAE
enjoy unparalleled opportunities to thrive. As we look to the future, the gold industry is poised for a
transformative era shaped by sustainability, innovation, and advanced technology.”

Delegates were welcomed by Ahmed Bin Sulayem, Executive Chairman and Chief Executive Officer,
DMCC, who said: “Amid transformative changes in the landscape, Dubai continues to consolidate
its position as a leading hub for precious metals trade. This year’s Dubai Precious Metals
Conference is testament to our growth, gathering over 800 global leaders from around the world
and across the gold and silver value chains to drive crucial conversations and address the
industry’s most pressing topics. As we navigate this pivotal moment, Dubai will continue to provide
the precious metals industry with the infrastructure, world-class ecosystems and ease of doing
business needed to drive innovation, collaboration and growth, as we seize the momentum to drive
the next chapter for the industry.”

International best-selling author Jordan Belfort, best known as the real “Wolf of Wall Street”,
appeared as VIP guest speaker and gave an in-depth presentation on the keys to professional
success and building vision, resilience and entrepreneurship in business.

The conference panels provided a comprehensive overview of the evolving precious metals
landscape, highlighting the growing influence of BRICS nations, the challenges in supply chain
integrity and the transformative role of technology. Discussions emphasised the UAE’s critical role
as a refining and trading hub amid the rise of China and India as dominant gold consumers,
alongside the potential establishment of a BRICS Gold Exchange to reshape global trade flows.

Experts also addressed pressing issues such as supply constraints, the impact of geopolitical risks
on central bank gold reserves, and the need for multilateral funding to bolster resource
development in emerging markets. The adoption of technologies like AI, IoT and blockchain was
identified as a key driver of growth, efficiency and transparency in the precious metals supply
chain, paving the way for a more digitised and resilient industry.

The DPMC 2024 was held with the support of several prominent sponsors, led by Title Sponsor Sam
Precious Metals and Platinum Sponsor Gold Standard. The World Gold Council joined as the
Thought Leadership Partner. Emirates Minting and Emirates Gold participated as Gold Sponsors,
with Ashoka Global DMCC, AKW, Suntech Business Solutions DMCC and DPMS Global Consulting
as Silver Sponsors.

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