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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 | | Reference: 25533   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

United arab emiratesPaul ashtonGovernment of dubai authorityGold exchangeFree zoneDubai authorityLakes towersEach ethereum basedBin sulayemExecutive chairmanChief executive officerChief operation officerExecutive directorJumeirah lakes towersAhmed bin sulayemSwiss government supported