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5th Global Gold Convention helps UAE emerge as the hub for sustainable gold and bullion market

The UAE has emerged as the global hub for sustainable gold and bullion markets with the 5th Global Gold Convention bringing global gold industry on a single platform for collaborations, investments, joint ventures and novel integrated trade flow system with global best practices.

The 5th edition of the Global Gold Convention 2023, the world’s largest hybrid gold conference, was held in Dubai at Armani Hotel, Burj Khalifa, on December 12, 2023 with the theme “UAE, The Global Hub for Sustainable Gold and Bullion Markets’. UNDRR (UN Office for Disaster Risk Reduction) was the Sustainability Partner.

The convention, designed as the world’s largest hybrid conference, saw participation by more than 100 countries, ministers, diplomats, regulators, industry leaders, mines, refineries, jewellers, traders, import export companies, banking, insurance and logistics companies from across the world, paving the way for collaborations, business promotion, expansion and diversification.

More than 200 trade delegates and visitors participated physically apart from virtual participations from 100+ countries in the most sought-after exclusive Global Gold Conference from the region.

Global Gold Convention was organised by IBMC International, UAE-based Economic, Industry & Corporate Advisors and eMarketplace Service Providers which is connected with 100+ countries and integrated with 30+ sectors.

The event was inaugurated by Humaid Ben Salem, Chairman of International Chamber of Commerce & Industry (ICC UAE) and Secretary General, Federation of UAE Chambers of Commerce & Industry (UAE Chambers).

The Convention was held in the backdrop of high volatility in the global gold prices and the UAE becoming the most attractive and most preferred global gold trade hub. The theme Sustainability has been chosen in line with the UAE hosting the COP28 Conference on Sustainability,” said Sajith Kumar PK, Group CEO and Managing Director, IBMC International Group.

Sajith Kumar said, “UAE is emerging as the global hub for sustainable gold and bullion markets and IBMC’s Industries Integrated International Trade Flow System is set to support the entire gold industry stake holders from Gold Mining, Exports, Imports, Refineries, Gold Retail Markets, Jewellery Manufacturing Units and Re-exports”.

Jeffrey Rhodes, industry expert and Founder & Managing Consultants, Rhodes Precious Metals Consultancy DMCC, who delivered the special industry address on Cop28UAE, said : “The Global Gold Convention 2023 was an excellent event that gave participants the opportunity to express a wide range of views and opinions about the bullion market, including the impact of COP28 on the global gold industry. This included the efforts being made by many companies, including Gold Clean Processing Initiatives to turn the ecological tide and help push the artisanal and small scale gold sector in the right carbon neutral direction with new technology to eliminate the use of toxic chemicals such as mercury in the gold recovery process, while dramatically improving gold yields.”

The Convention offered the participants a comprehensive platform to showcase the entire gamut of gold trade and business and explore potential investment and partnership opportunities through networking, interactive sessions and industry-focused panel discussions.

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