Dubai Municipality has signed a Memorandum of Understanding (MoU) with Dubai Gold and Jewellery Group to provide precious metal testing services in the new Gold Souk.
This new initiative caters to the demand of customers in line with Dubai government guidelines to provide services in collaboration with the private sector to assist investment activities across a range of economic sectors.
Alia Al Harmoodi, Acting CEO of the Environment, Health and Safety Agency at Dubai Municipality, and Muhammed Tawfiq Muhammed Taher Abdullah Al Muhtadi, General Manager of Dubai Gold and Jewellery Group were present at the signing of the MoU.
All services offered are ensured to be in line with international best practices.
“Through the MoU with Dubai Gold and Jewellery Group, Dubai Municipality is keen to lay the foundations for joint strategic cooperation and to enhance cooperation between the two parties in the future in the field of precious metals testing and its requirements,” said Al Hamoodi.
The municipality will regulate legal procedures in force, according to institutional frameworks. As per the MoU, the municipality will offer gold pyrolysis services using cutting-edge technological tools.
“Customers, including gold merchants and individuals, will benefit from the procedures, as a special location will be set aside in the Gold Souk for receiving gold samples, eliminating the need for the customer to transport samples to the Dubai Central Laboratory in Karama,” said Hind Mahmoud Mahaba, Acting Director of the Dubai Central Laboratory Department.
“Customers will be able to acquire test reports from this advanced service in one working day instead of seven working days. It will enhance the quality of gold and jewellery trade in Dubai markets,” said Mahaba.
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