A total of 4,086 companies operating in the emirate's gold sector are currently active, including the "Jewelery and Jewelery Trade in Gold and Silver" (2498), "Gold and Precious Metals Trading" (1184), goldsmiths and precious jewelery (392), gold and precious metals (7) and gold refining (5).
Dubai Economic City said in a statement yesterday that the launch of the report comes to identify the activities of the gold market sector and distribution in the Emirate of Dubai by major regions and to know the volume of licenses and activities in this sector distributed in terms of businessmen, businesswomen and the number of investors and their nationalities. In this important sector that has a role and added value in serving the local economy of the Emirate of Dubai.
The report, issued by the Dubai-based digital information platform, highlighted the distribution of licenses to the top 10 regions in Dubai, which accounted for 46.5% of all regions. Al-Daghia ranked first, followed by Ras, Nile Nasser and Burj Khalifa Al-Batin paper, Al-Muraqqabat, Port Said, Al-Rigga, the first commercial center and the first Al Barsha.
In terms of nationalities, India ranked first, followed by Pakistan, Britain, Saudi Arabia, Switzerland, Oman, Jordan, Belgium, Yemen and Canada. The number of investors in the sector reached 62,125, including 36,000 investors and one Gold and silver jewels, 19,000 and 35 goldsmiths, gold and precious metals, 6992 gold and precious metals, 53 gold and precious metals, and 44 gold refining.
He pointed out that the total number of investors included 60 thousand and 12 businessmen by 96.6%, along with 2113 business women, while the total employment in the sector to 13 thousand and 110 workers.
The report pointed out that the total sales of gold, jewelery and diamonds in the Dubai market reached 274 billion dirhams last year, an increase of about 3%, compared with the year 2017, according to Dubai Gold and Jewelery Group.
According to the "Business Map" report, the survival rate of companies operating in the gold market is 98%. This indicates investors' adherence to these activities because they are economically feasible and profitable. Dubai has become a prominent icon in the world of diamonds, gold and precious jewelery. World-wide in the art of design, embracing a large number of world-class gold and jewelery houses, as well as the emirate's growing annual volumes of gold, jewelry and gemstone trade both regionally and globally.
State trade
According to the Business Map, Dubai's digital information platform, the UAE's gold, jewelery, precious stones and precious stones trade has grown significantly in recent years. The country's foreign trade in this sector is estimated at AED 400 billion annually.
• 98% survival rate of gold companies in Dubai.