Dubai Pearl Farm and Retail Center in the Pipeline
May 06, 07Further to its April announcement heralding the establishment of the Dubai Pearl Exchange (DPE), the Dubai Multi Commodities Centre (DMCC) has unveiled the “Pearls of Dubai” pearl farm, retail and interpretive center, a joint venture with Australia’s Arrow Pearls.
The pearl farm, to be located off the emirate’s coast, will also serve as a training center for locals interested in working in the resurgent industry. Pearling was once an important local occupation that faded in recent years.
According to the DMCC, “Pearls of Dubai will develop the entire value chain of the industry from production to retail. The recently announced Dubai Pearl Exchange will form an integral part of this chain by providing an exclusive trading platform.”
An interpretive center at the Pearls of Dubai will tell the story of pearling in the UAE, and the pearl diving tradition in