DUBAI, United Arab Emirates — EuroGold Refinery has opened its primary offices in Dubai, a move the company says will streamline international transactions and strengthen ties with global gold traders.
The new office, located in Business Bay, serves as a strategic hub to bridge the gap between African exports and the global market. EuroGold founder and owner Benard Feni said the expansion was driven by client demand and Dubai’s central role in the global commodities trade.
“Opening offices in Dubai is a dream come true,” Feni said. “Many of our customers asked us to open offices here to ease transactions, improve efficiency and expand our business capacity.”
Feni noted that established presence in Dubai helps overcome trust barriers often associated with large-scale investments in Africa. He said many international investors feel more secure working through Dubai because of the region’s rigorous due diligence and screening processes.
The Dubai facility will function as the company’s main office. EuroGold will handle the direct shipment of gold from its Ugandan operations to the Dubai branch, where clients can collect products. Feni said this model addresses previous concerns from foreign clients regarding shipment reliability.
“Our Dubai operation is a success story, fully backed by the ministry in Dubai,” Feni said. “All our documentation, location and address are complete, and we are fully operational.”
The company reported that the new branch has already secured interest from partners looking to facilitate procurement and payments. Feni said some clients prefer to make payments in Dubai, allowing EuroGold to purchase and process the gold on their behalf before shipping it to the Emirates.
Feni credited Sheikh Ahmed Muhammed and Hugo Patricio of Light Moon Group Dubai for their support in establishing the new location. He said EuroGold plans to continue its international expansion with future offices in China and Hong Kong.
