Dubai’s DMCC has signed a memorandum of understanding (MOU) with Logis, an agri-logistic free commerce zone that’s being constructed in Panama.

As soon as accomplished, Logis would be the largest free commerce zone of its sort in Central and Latin America.

The MOU will see DMCC and Logis work collectively to alternate information and experience to help the continued growth of thriving commodities marketplaces in each free zones.

Ahmed Bin Sulayem, govt chairman and CWO, DMCC, mentioned: “This partnership with Logis is a significant alternative to open a vibrant new commerce hall with Latin America. Panama stands because the gateway between Central and South America and Logis is completely positioned to host the most important free zone of its sort within the area, particularly the place agriculture commodities commerce is anxious. We’re subsequently vastly enthusiastic about bringing our mutual experiences to the desk and shifting this relationship ahead over the subsequent few years.”

Sandro Salsano, president of Salsano Group and majority shareholder of Logis, mentioned:” It’s a nice honor to accomplice with the main no 1 ranked free commerce zone on this planet. I’ve identified Ahmed and his workforce for a few years. I like his imaginative and prescient, management, and his workforce’s execution expertise. Salsano Group additionally plans to increase within the Center East and we’re excited to accomplice with a strategic market chief like DMCC.”

The MOU will even see DMCC and Logis discover alternatives to increase commerce between the members of their respective free zones. Each events will even share market insights, evaluation, and forecasts to help the event of commodities buying and selling in each free zones.

In different information,  DMCC has partnered with the worldwide VC agency Brinc to supply DMCC Crypto Centre members entry to Brinc’s $150m accelerator fund.

Learn: DMCC Crypto Centre, VC agency Brinc to supply members entry to $150m accelerator fund