PEARLS OF ARABIA

Dubai Multi Commodities Centre (DMCC) Coloured Stones and Pearls division has unveiled its ambitious plans for “Pearls of Arabia,” a landmark project that will feature a high-quality offshore entertainment, retail and educational centre. This project is the first stage of Dubai’s plan of re-establishing the emirate as a centre for the global pearl trade.

In association with Paspaley Pearling Co. PTY Ltd, the world’s original south sea pearl company and producer of the world’s finest pearls, DMCC will establish a 6,000-square-metre Experience Centre on Antarctica at The World Islands. The destination feature a pearl-themed cultural heritage centre, a performing arts theatre, an exhibition gallery and a themed restaurant alongside boutiques inviting participation from the leading international names in the pearl industry. Visitors will travel to this unique destination by water ferries, transporting them across the manmade archipelago of 300 islands and into the region’s storied past. The facility is expected to be complete by end 2010.

“The past meets the present today, as we look out to the sparkling waters of the Arabian Gulf and seek inspiration from our heritage to build a brighter tomorrow,” said Ahmed Bin Sulayem, Executive Chairman, DMCC. “Less than a century ago, pearling was the very lifeblood of Arabia, accounting for some 80,000 jobs in the UAE alone and representing 95 per cent of the country’s total revenues. ‘Pearls of Arabia’ presents age-old wisdom in a modern and contemporary fashion to revive the region’s historic legacy for the benefit of future generations. On behalf of DMCC, I am honoured to inaugurate this landmark project.”

“We are extremely proud to be associated with DMCC as they launch this exciting project to revitalise the region’s pearling tradition,” said Nicholas Paspaley, Executive Chairman of Paspaley Pearling Co. PTY Ltd. “Historically, Dubai served as the world’s hub in the trade of fine-quality natural pearls. Now, almost 100 years later, we are delighted to collaborate with DMCC to revitalise the region’s traditional association with pearls. Together, we will resurrect Dubai’s reputation as one of the world’s premier and most important pearl destinations. Dubai will present to the world the best selection of pearls and pearl jewellery that the 21st century pearling industry has to offer, and will showcase the beautiful history and story of pearls.”