DUBAI: The UAE is establishing a Dubai Metals and Commodities Centre (DMCC) to provide a wide range of facilities for trading in gold, diamonds and key commodities. DMCC will be a free zone offering 100 per cent ownership and a 50-year tax holiday to resident companies. The centre will offer a full service to those organisations involved in gold trading with physical trading facilities, storage, hall-marking/assaying as well as package and delivery facilities available on-site. Three refineries will also be housed within the complex. Trading facilities, a convention centre, a training centre and a gems lab will be available to DMCC resident companies in the diamond trade while the commodity industry will be provided with trading, storage and logistics facilities. Strategic partners for resident companies in the gold industry will include banks, refineries, jewellery/coin dealers and central banks. Those from the diamond industry will be partnering with banks, jewellery dealers as well as other international centres while commodity organisations will work with trading companies and international exchanges.