DMCC gives a warm welcome to Alrosa upon reopening its Dubai subsidiary

The growth of Dubai as a leading global diamond hub prompted Alrosa to re-establish its presence there
DMCC gives a warm welcome to Alrosa upon reopening its Dubai subsidiary

Dubai’s DMCC welcomed Alrosa and its subsidiary Arcos East DMCC, as Alrosa opened their new office in Almas Tower. The meeting saw Alexander Efimov, Russian Ambassador to the UAE, Andrey Polyakov, Vice President, ALROSA and Dmitrii Chizhov, General Director, Arcos East hosted by Ahmed Bin Sulayem, Executive Chairman, DMCC; Gautam Sashittal, Chief Executive Officer, DMCC; and Peter Meeus, Chairman of the Dubai Diamond Exchange and other senior DMCC officials.

Ahmed Bin Sulayem, Executive Chairman, DMCC, said: The ever increasing number of large corporates and leading market participants such as ALROSA – Arcos East DMCC choosing to operate out of Dubai and the DMCC Free Zone continue to make a significant impact on the rapid growth of the diamond trade in the UAE.” He further added, “we wish their subsidiary Arcos East DMCC every success as they expand and access new markets here in Dubai and beyond.”

The growth of Dubai as a leading global hub for diamonds for trade and its connectivity to producing countries in Africa, cutting and polishing markets in Asia and consuming markets in Europe, North America and China, has led Alrosa to reopen its subsidiary there.

Andrey Polyakov, Vice President, ALROSA, commented, ALROSA’s decision to operate out of Dubai and in the DMCC Free Zone is another step in a long term expansion plan. From a logistics perspective the Emirate has unrivalled ability to support the growth ambitions of global traders and its international transport links makes doing business here convenient and efficient. Dubai is no doubt one of the most efficient places for the trade which is one of many reasons why we are opening an office here.” ALROSA joins over 180 Russian companies currently based in the Free Zone, including Smolensk-Kristall and Lukoil. The DMCC Free Zone is home to over 9,700 member companies in total.


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