ABN-Amro, DIB & DMCC Form Alliance
January 15, 03
ABN-Amro, the world's leading financing bank for the diamond and jewelry industry, has entered into a strategic alliance with the Dubai Islamic Bank (DIB) and the Dubai Metal and Commodities Center (DMCC) to provide finance packages to companies specializing in the diamond and gold trade.
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| l to r: Zwaan, bin Kharbash, DIB's bin Sulayem |
The alliance will leverage the gold and diamond industry knowledge of Dutch banking group ABN-Amro, DIB's expertise in financing. DMCC will market the packages to its members.
The partnership will also assist Dubai's growing importance as a diamond center. According to Dr. Mohammed Khalfan bin Kharbash, UAE Minister of State for Finance and Industry and DIB Chairman, the partnership will bring "world class expertise in financing the gold and diamond trade and jewelry manufacturing to Dubai, which will attract more international companies to establish a presence in Dubai."