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MENAFN Press - 14/04/2014
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(MENAFN Press) DMCC, Dubai's and the region's global gateway for commodity trade and enterprise, announced the launch of the Energy Club ("Club"), a not-for-profit initiative with the aim of cultivating a network of energy professionals and creating a collaborative environment in which discussion, innovation, debate and knowledge sharing can flourish.

The Club is open to UAE-based individuals who play an active role in the energy industry. Regular gatherings where industry participants can share experiences, seek new business opportunities, form partnerships and discuss challenges and opportunities on a habitual basis, under Chatham House rules, will be organised. The club is co-founded by CMS, a leading global law firm, and supported by Thomson Reuters, Euro Petroleum Consultants, and Arabian Oil & Gas

Gautam Sashittal, Chief Executive Officer of DMCC, commented on the launch

"At DMCC, we know that businesses and industry participants look for a place where they can enlarge their nework, exchange ideas, access new markets and trade with confidence. We are home to 800 energy related companies and look forward to receiving them, alongside our co-founders CMS at these regular industry get-togethers."

Members are encouraged to play an active role in shaping and contributing to the agenda, based on their expertise and requirements. DMCC will play the role of facilitator with the ultimate goal of improving transparency and fostering industry growth

The launch event at Almas Tower was attended by representatives from leading energy companies such as Petrofac, Milio, Dubai Petroleum, Mercuira, Brunel, Standard & Poor's and Foster Wheeler, to name a few. The next Energy Club event will be an oil & gas seminar focusing on Iraq in May 2014

More information on the Energy Club can be found online www.energyclub.ae or by contacting energyclub@dmcc.ae

Other similar clubs for SMEs, and agri, metals, and shipping companies are also in the pipeline.

About DMCC
With 66 mixed-use commercial and residential towers and over 220 retail outlets in operation, there are currently over 80,000 people working and living within the DMCC Free Zone in Dubai. With an average of 200 companies choosing to join DMCC each month and a 94% retention rate, DMCC remains the UAE's largest and fastest growing free zone.DMCC is a strategic initiative of the Government of Dubai, was established in 2002, with a mandate to provide the physical, market and financial infrastructure required to set up a commodities market place in Dubai. DMCC attracts key players throughout the entire value chain of a wide range of commodities sectors, together with relevant support industries such as finance, logistics and insurance. DMCC has established a robust infrastructure, including free zone status, trade networking platforms, secure vaults and purpose-built storage facilities. Resident companies of DMCC are offered highly attractive benefits under a free zone status, including 50-year guaranteed 0% corporate and personal income tax, 100 per cent business ownership, full ownership of business premises, and a secure regulated environment. DMCC has also implemented a dedicated compliance policy in the organisation, which is in line with the compliance related laws and regulations of the UAE Federal Government and the competent international bodies. DMCC owns three fully operational towers which host the majority of the physical, market and financial infrastructure including the Jewellery & Gemplex facility, the specialised diamond and pearl exchanges and gold vault. www.dmcc.ae



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