| Ahmed Sultan Bin Sulayem | |
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Ahmed Sultan Bin Sulayem addresses delegates at 7th City of Gold Conference |
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| Born | Ahmed March 13, 1978 Dubai |
| Residence | Dubai, United Arab Emirates |
| Alma mater | California State University, San Bernardino, California |
| Occupation | Executive Chairman of the Dubai Multi Commodities Centre Authority (DMCC) |
| Years active | 2001–present |
| Religion | Islam |
| Website | |
| Ahmed Sultan Bin Sulayem | |
Ahmed Sultan Bin Sulayem (Arabic: أحمد سلطان بن سليّم) is the Executive Chairman of the Dubai Multi Commodities Centre Authority (DMCC),[1] the free zone authority for Jumeirah Lake Towers[2] which was established in 2002 as a strategic initiative of the Government of Dubai[3] to provide the physical, market and financial infrastructure required to set up a commodities market place in Dubai. As of 1 July 2011 it had over 3,300 registered members including both commodities and other businesses. In 2011, Bin Sulayem completed 10 years with DMCC.
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As the Executive Chairman of DMCC, Bin Sulayem has played a key role in establishing and positioning DMCC as a major commodities trade hub in the region. Under his leadership, DMCC has introduced a number of value-added products and services; this includes the establishment of the Dubai Diamond Exchange (DDE),[4] the only diamond exchange in the Arab World affiliated to the World Federation of Diamond Bourses:[5] Dubai Tea Trading Centre (DTTC)[6] which offers a range of value-added facilities to the global tea trade; Dubai Cotton Centre (DCC)[7] re-export facilitation arm, as well as other services, such as gold refineries, Global Multi-commodities Receipt (GMR),[8] gold and diamond vaults; as well as the Visions of Dubai[9] gold souvenir coins.
Bin Sulayem joined DMCC in 2001 as a director, prior to the entity’s official launch in 2002, and his responsibilities included overseeing the organisation’s operations. Today, he is the Executive Chairman of DMCC, as well as the director of Human Resources, and Director of Dubai Shariah Asset Management (DSAM)[10] and Dubai Commodity Asset Management (DCAM).[10]
He has also played a leading role in reviving Dubai’s traditional pearling industry by launching the Dubai Pearl Exchange[11] in 2007 and conceptualised the idea behind Almas Tower, the tallest commercial building in the Middle East, home to Dubai Diamond Exchange, the largest vault in the UAE,[12] and DMCC headquarters.
In April 2011, DMCC hosted the World Federation of Diamond Bourse's annual Presidents' meeting, an initiative spearheaded by Bin Sulayem. This event was the first of its kind to be held in the Arab world.[13] In addition, on August 15, 2011, Bin Sulayem unveiled the prototype of the UAE's first gold bullion coin. The coin recognises the visionary leadership of His Highness Sheikh Khalifa Bin Zayed Al Nahyan, President of the United Arab Emirates and His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai. Designed by DMCC, the “Khalifa” coin features a portrait of His Highness Sheikh Khalifa on one side, and on the other, Burj Khalifa, the world’s tallest tower.
DMCC is also in discussions with the UAE Central Bank to designate the gold bullion coin as the first legal tender in the UAE and the Middle East as a whole.[14]
Bin Sulayem is also the Chairman of the Dubai Gold and Commodities Exchange (DGCX),[15] an initiative of DMCC, Financial Technologies (India) Limited[16] and the Multi Commodity Exchange of India Limited (MCX).[17] In May 2006, he was honoured by the Diamond Dealer’s Club in New York City, U.S, during its 75th anniversary, for his contribution to the international diamond trade.[18] Prior to joining DMCC, he was a Director at Seven Tides, a leading real estate company in Dubai.
Bachelor’s degree in Business Administration, California State University – San Bernardino, 2000