first majestic silver

India tops in investment in Dubai's gold sector

May 26, 2019

Mumbai (May 26)  Indians lead the top 10 nationalities investing in Dubai's gold sector followed by the citizens of Pakistan, Britain, Saudi Arabia, Switzerland, Oman, Jordan, Belgium, Yemen and Canada, according to a new report.

As many as 4,086 companies operate in the gold sector in Dubai and the number of investors stands at 62,125 including 60,012 businessmen and 2,113 businesswomen, the Business Registration and Licensing (BRL) sector in the Department of Economic Development (DED) said in its new report.

The report includes statistics on the number of companies operating in Dubai, the activities of the gold market sector and the distribution of the companies across the emirate.

It aims to familiarise entrepreneurs with the gold sector, and highlight its role in adding value to the economy, a statement from the DED said.

Of the 4,086 companies, 2,498 licences were issued for 'Jewellery and jewels of gold and silver', 1,184 for trade in 'Gold and precious metals', 392 for 'Goldsmiths and precious jewellery', seven for 'Gold foundry and precious metals', and five for 'Gold liquidation' activity, it said.

BUSINESTODAY

Gold Eagle twitter                Like Gold Eagle on Facebook