Dubai's gold sector grows by 3%

Fedor Selivanov/123rf

Sales of gold, jewellery and diamonds in Dubai reached AED 274 billion last year.

That's an increase of three per cent compared to 2017, according to the Dubai Gold and Jewellery Group.

Meanwhile, a new report from Dubai's Department of Economic Development found that more than 4,000 companies now operate in the gold sector in the emirate.

Indians were the top nationality for investing in the sector, followed by citizens from Pakistan, the UK and Saudi Arabia.

More from Business News

On Virgin Radio today

  • Non Stop Hits

    Midnight - 6:00am

    The UAE's #1 Hit Music Station with no interruptions

  • The Kris Fade Show

    6:00am - 10:00am

    Kris, Priti and Rossi host the UAE's biggest radio show. It's full of fun, laughs and it's Where The Stars Live.

Trending on Virgin Radio