UAE to Become Chair of KP In 2016

Dubai: Dubai Multi Commodity Centre (DMCC), one of the world’s leading commodity hubs and the UAE Ministry of Economy’s authority for the Kimberley Process Certification Scheme (KP), welcomed the selection of the UAE as the Vice-Chair of the KP in 2015. The appointment was recently confirmed through a voting process involving all KP Participants. The UAE will assume the role of Kimberley Process Chair in 2016.

Ahmed Bin Sulayem, Executive Chairman of DMCC, said, “We are honoured to have been formally selected as Vice Chair in 2015 and to assume the role of Chair of the Kimberley Process Certification Scheme in 2016. Voted by our fellow participants, we have become the first Arab country to hold this position. As Chair, we plan to bring our wealth of experience to the KP, having been a member since 2003, and we look forward to working with related government and industry groups to further enhance and develop the KP through existing and new initiatives.”

The UAE will be hosting KP participants for intercessional and plenary meetings taking place in Dubai in 2016. This will be a unique opportunity for all KP participants to get first-hand experience of Dubai’s infrastructure and trading community which have supported its growth in the industry.

The KPCS was implemented in the UAE in 2003 by the Ministry of Economy, making the UAE the first Arab country to do so. Since then, the Dubai diamond trade, under the auspices of the Dubai Diamond Exchange, has grown at a significant rate and positioned the Emirate as one of the leading rough and polished diamond trading hubs globally.

KP, UAE, DMCC, Ahmed Bin Sulayem,