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Scrap Monster
Gold May 18, 2021 07:20:20 PM

DGCX Entered Strategic MoU with S & Royal Group Mongolia

Paul Ploumis
ScrapMonster Author
The MoU is the first step in a long and beneficial relationship, he added.

DGCX Entered Strategic MoU with S & Royal Group Mongolia

SEATTLE (Scrap Monster): The Dubai Gold and Commodities Exchange (DGCX) announced that it has signed a strategic Memorandum of Understanding (MoU) with S & Royal Group Mongolia. The MoU with the Mongolian-based investment firm aims to explore long-term business opportunities and information exchange.

As part of the understanding, S & Royal Group will explore possibilities of becoming a permanent member of DGCX as well as the Dubai Multi Commodities Centre (DMCC). Also, both the parties will exchange expert knowledge, opinions and ideas, in addition to exploring possibilities of importing and exporting goods between UAE and Mongolia.

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Commenting on the strategic deal, Les Male, CEO, DGCX said that Mongolia is a land that is rich in natural resources and potentially lucrative opportunities. The MoU with S & Royal Group Mongolia is aligned with the Exchange’s goal of promoting cross-border collaboration and enhancing its knowledge base. The MoU is the first step in a long and beneficial relationship, he added.

Meantime, Serjbudee Dolgorsuren, President of S & Royal Group Mongolia noted that it is delighted to partner with the DGCX. It aims to become a gateway to the Mongolian market as well as support the country as a major hub for the whole Central Asia region, he added.

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