DUBAI: His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The Executive Council of Dubai, visited the Dubai Multi-Commodities Centre (DMCC), marking a milestone moment for the emirate’s global leadership in diamond trade. Touring the Dubai Diamond Exchange, the world’s largest diamond tender facility, His Highness was briefed on the ecosystem that has propelled Dubai to the forefront of the global diamond industry.
The visit comes as DMCC announced a historic achievement—over one billion carats of rough and polished diamonds traded in the past five years. His Highness was accompanied by His Excellency Omar bin Sultan Al Olama, Minister of State for Artificial Intelligence, and welcomed by DMCC leadership, including Dr. Hamad Buamim and Ahmed Bin Sulayem.
Sheikh Hamdan praised DMCC’s role in supporting the Dubai Economic Agenda D33 and said: “As we advance our economic diversification journey, DMCC is building globally connected ecosystems that attract innovation, talent and capital across priority sectors.”
His tour included the Dubai Diamond Exchange tender floors, lab-grown and coloured gemstone sections, and a briefing on the expansion of the Gemological Institute of America into Uptown Dubai. DMCC also unveiled Strategy 2033, a bold vision to expand its influence in commodities, Web3, AI, and more—further building on a model that contributes 15% to Dubai’s FDI and 7% to GDP.
The visit concluded with His Highness receiving a deluxe edition of DMCC’s Future of Trade 2024 report, reinforcing Dubai’s ambition as a global business and innovation hub.
