Dubai Precious Metals Conference 2023

The 11th edition of Dubai Precious Metals Conference (DPMC), held under the theme of ‘The Future of Precious Metals: Global Governance to Trade Trends’, took place on 20 – 21 November 2023 at SO/ Uptown Dubai. The DPMC 2023 set a new set a new benchmark for attendance, with an impressive turnout of over 550 leading professionals from across the global precious metals value chain, making this the most successful DPMC to date.

SAM Precious Metals served as the titled sponsor for DPMC for the second consecutive year. Our involvement highlights our commitment to advancing the knowledge of the industry and contributes to the growth of the gold, silver, and precious metal sector in the UAE, across the GCC Region and globally. Mr. Sami Abu Ahmad, the chairman of SAM Precious Metals commented, “DMCC has played a pivotal role in the growth of the precious metals industry in the UAE and DPMC is an exceptional platform for leaders and experts to delve into the most pressing and significant issues facing the industry today. Our continuous support to the DPMC is a testament to our commitment to shaping a sustainable future for the precious metals industry and reinforcing the UAE’s position as a global hub.”

The event explored the key trends shaping the precious metals industry’s future and discussed how policymakers, businesses, and investors can best prepare for the challenges and opportunities ahead. Hundreds of delegates from all over the world with senior figures from industry bodies, traders, exchanges, refineries, tech companies, and regulators, including the World Gold Council, the UAE Ministry of Economy, London Bullion Market Association (LBMA), Organisation for Economic Co-operation and Development (OECD), the UN Group of Experts, CME Group, and BOTIM. The programme saw expert contributions and discussions on some of the most important and timely topics shaping the industry; from global trade and market trends to responsible sourcing, mining frameworks, governance, and the latest technologies.

During his special address, His Excellency Dr Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade, said: “The precious metals sector is one of the most important parts of the UAE’s non-oil economy, with gold representing a quarter of the UAE’s AED 1.24 trillion non-oil trade in the first half of the year. The UAE has established itself as a critical link to every gold market across the world. This reflects our collaborations with DMCC at home and abroad, which are ensuring the UAE remains a key focal point for the global precious metals trade.”

Mr. Mohammad Ayyob, the General Manager of SAM Precious Metals, was a part of a panel that discussed about the precious metals in a dynamic trade environment. Mr. Ayyob talked about the infrastructure in the UAE and initiatives of the government that has led to UAE becoming a Global Hub for the gold business. He delved into the factors shaping today’s dynamic trade environment, in which trade flows are increasingly shifting east, namely through the BRICS expansion and bilateral trade agreements including the UAE’s CEPAs with key Asian markets such as India.

The resounding success of DPMC 2023 reinforced the UAE’s stature as a global precious metals hub and underscored a collective commitment to steering the global precious metals market towards a future of innovation, sustainability, and robust growth.