DMCC plans to turn Dubai into international cacao trade hub

By Shilpa Annie Joseph, Desk Reporter
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DMCC Coffee Centre
Representational Image

UAE-based commodity marketplace Dubai Multi Commodities Centre (DMCC) is planning to launch a state-of-the-art DMCC Cacao Centre in Dubai.

As part of its mid to long-term development strategy, DMCC will initially incubate a select range of cacao services within its DMCC Coffee Centre in Jebel Ali starting from mid-2021 and will transform the emirate into an international trade hub for the in-demand superfood.

The superfood cacao is becoming popular day by day, as it is one of nature’s richest sources of magnesium and iron, as well as antioxidants and natural cacao butter. Further, Cacao is also associated with holistic wellness and is used to achieve physical, mental, and emotional balance, as per the reports.

Ahmed Bin Sulayem
Ahmed Bin Sulayem Executive Chairman & CEO
DMCC

“The DMCC Cacao Centre represents the next phase of our growth strategy and will see us transform Dubai into a global hub for the cacao trade. Few thought the DMCC Tea Centre and DMCC Coffee Centre would reach the levels of trade we see today, so by utilizing our expertise and experience gained from developing these commodities, we see cacao and its high-growth potential as a logical next step. Whilst connecting producers with consumers will be an important part of our model, we will ensure DMCC Cacao Centre follows our high-level approach toward sustainability, which prioritizes driving value across the entire supply chain.”

DMCC is in contact with a variety of cacao industry players, including Blue Stripes Urban Cacao and stakeholders in West Africa and South America, to better understand the market’s needs and how Dubai can play a key role in ensuring its long-term growth. Furthermore, DMCC will soon announce a cacao webinar series aimed at increasing awareness of the superfood.

Related: DMCC to set up 1st blockchain-enabled precious metals refinery in GCC region


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