Maktoum bin Muhammad leads economic development meeting
The article highlights Dubai's efforts to strengthen its position as a global gold hub through the development of an integrated strategy that covers various stages of the value chain, including supply, refining, trading, storage, financing, pricing, and digital branding. Data indicates that Dubai's foreign trade value of gold reached approximately one trillion dirhams in 2025, marking a 60% increase compared to the previous year. The physical gold trading volume stands at 2,750 tons, with Dubai capturing 13-15% of the global gold trade annually. The initiatives include developing an integrated market, enhancing Dubai’s reputation as a trusted financing and storage center, establishing standards for tracking and transparency, supporting gold price discovery, and transforming Dubai into a primary destination for jewelry and end consumer markets. A dedicated committee has been formed to oversee and coordinate the implementation of these initiatives.
Notice: This Is an AI-Generated Summary
Comments (0)