Feryal Ahmed, Chief Operating Officer, DMCC, hosted HE Diamantino Azevedo, the Angolan Minister of Mineral Resources and Oil, and a senior delegation from the Angolan Government at Almas Tower, as per press release from DMCC.
According to the statement, Dubai Diamond Exchange (DDE) board, discussed growing trade ties between Dubai and Angola, and DMCC’s position at the heart of the emirate’s growing status as a globally leading diamond trading hub. Trade of Angolan diamonds through Dubai last year alone stood at nearly $1 bln.
DMCC’s flagship event, the Dubai Diamond Conference was also discussed, as the upgraded Dubai Diamond Exchange auction facility.
During the meeting, His Excellency confirmed the interest of the Angolan Government in DDC, and the participation of Angola’s two largest diamond companies, Sodiam and Endiama.
The visit coincides with the Angolan Government’s international trade mission, which seeks to attract foreign investment and promote five mining concessions available for public tender.
The UAE and Angola currently enjoy strong diplomatic ties, and have forged strong business connections across a variety of sectors including oil and gas, precious metals, agriculture and other major industries.
Image credit: DMCC