News DMCC Completes Land Sale Transaction in JLT with Reit Development to Build a Blockchain Enabled Precious Metals Refinery in Dubai The agreement brings the largest Blockchain-enabled precious metals refinery and storage facility in the GCC By: Diamond World News Service
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DMCC – the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise – announced the signing of a sale and purchase agreement (SPA) with
REIT Development to establish the largest precious metals refinery and storage facility across the GCC and the first to be completely enabled by blockchain in the GCC.
As part of the agreement, REIT Development acquired industrial land strategically located in DMCC’s Jumeirah Lakes Towers (JLT) vibrant
DMCC, one of the world s leading free zones and Dubai authority on commodities trade and enterprise, has signed a sale and purchase agreement with REIT Development to establish the largest precious metals refinery and storage facility across the GCC.
Dubai s DMCC to get GCC s biggest gold, precious metals refinery in 2022 gulfnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gulfnews.com Daily Mail and Mail on Sunday newspapers.
GCC’s first blockchain-enabled precious metals refinery to open in Dubai in 2022 issacjohn@khaleejtimes.com Filed on April 21, 2021
The free zone said it has signed a sale and purchase agreement with Reit Development to establish the facility. Supplied photo
The first-of-its-kind facility will refine and store gold, silver, platinum, palladium, rhodium; The innovative refinery to be completed in the last quarter of 2022
The largest precious metals refinery and storage facility in the GCC, which will be the first in the region totally enabled by blockchain, will open in Dubai by the last quarter of 2022.
The first-of-its-kind facility by Reit Development – a leading organisation specialised in precious metals and blockchain technologies – will refine and store precious metals including gold, silver, platinum, palladium and rhodium, which will be tokenised on goldexchange.com, DMCC, a leading global free zone for commodities trade and enterprise, said in