Euro Gold Refinery has officially opened its main offices in Dubai, marking a significant milestone in the company’s growth strategy and efforts to better serve its international clientele.
Euro Gold founder and owner Benard Feni described the move as a long-held dream that has finally come to fruition.
“Opening offices in Dubai is a dream come true. This decision was largely driven by public demand, especially considering Dubai’s central role in the global gold trade. As we all know, Dubai has become a major hub for gold and commodities trade worldwide,” Benard Feni said.
He explained that many of EuroGold’s clients had consistently urged the company to establish a presence in Dubai to streamline transactions and enhance business confidence.
“Most of our customers asked us to open offices in Dubai to ease transactions, improve efficiency, and expand our business capacity. There are often trust concerns when engaging large investors, especially those looking to invest in Africa. Many prefer working with companies that have offices in Dubai due to the rigorous due diligence and screening processes involved,” he added.
He noted that the new Dubai office, located at Business Bay, was established primarily to bridge the gap between international traders.
“We are pleased to officially announce that EuroGold now has offices in Dubai, specifically in Business Bay. These offices are meant to bridge the gap for gold traders who face challenges exporting from Africa. We want to add confidence and assurance to our partners. It will be our responsibility to ship gold from EuroGold Uganda directly to EuroGold Dubai,” Benard Feni said.
He further revealed that clients will now be able to collect gold products directly from the Dubai offices, addressing long-standing concerns over shipment reliability.
“Many foreign clients complained that their gold did not reach its destination once shipped. Our Dubai operation is a success story, fully backed by the Ministry in Dubai. All our documentation, location, and address are complete, and we are fully operational,” Feni stated.
According to Feni, the Dubai presence has already attracted interest from several companies willing to partner with EuroGold, particularly in facilitating payments and procurement.
“We have received strong support from companies that are willing to work with us now that we have a branch in Dubai. Some clients prefer to make payments in Dubai, after which we purchase on their behalf, process the gold, and ship it directly to Dubai,” he explained.
Feni emphasised that the move will also help attract and protect investors, positioning EuroGold Dubai as the company’s main office, with plans to expand further into China and Hong Kong.
“All these efforts are aimed at making gold buying, transportation, and storage safer and more efficient for our clients,” he said.
He appreciated Sheikh Ahmed Muhammed and Hugo Patricio of Light Moon Group Dubai for their support in establishing the Dubai offices.