Dracena draco

Description: Dracaena draco is an evergreen long lived tree with up to 15 m (49 ft) or more in height and a trunk 5 m (16 ft) or more in circumference, starting with a smooth bark that evolves to a more rough texture as it ages. When young it has a single stem. At about 10–15 years of age the stem stops growing and produces a flower spike with white, lily-like perfumed flowers, followed by coral berries. Soon a crown of terminal buds appears and the plant starts branching. Each branch grows for about 10–15 years and re-branches, so a mature plant has an umbrella-like habit. It grows slowly, requiring about 10 years to reach 1.2 metres (4 ft) in height, but can grow much faster. 

Flowering and Fruiting: During Spring.

Economic Importance: The root yields a gum-resin, used in gargle water as a stimulant, astringent and in toothpaste. The root is used in rheumatism, the leaves are a carminative. The trees can be harvested for their crimson red resin, called dragon's blood, which was highly prized in the ancient world and is still used today.

Reference: https://en.wikipedia.org/wiki/Dracaena_draco