As per a news report, of the 10 nationalities, Indians lead with the maximum investment in Dubai's gold, followed by natives of Pakistan, Britain, Saudi Arabia, Switzerland, Oman, Jordan, Belgium, Yemen and Canada.
The Business Registration and Licensing (BRL) sector in the Department of Economic Development (DED) in its new report said that Dubai's gold sector primarily comprises as many as 4,086 companies and the total number of investors in the stands at 62,125
The report is on the companies operating in the sector, their activities and how they plan their distribution in the whole of Emirates. Further, as per the Dubai Gold and Jewellery Group, last year sales of gold, jewellery and diamond sales jumped higher by 3% in comparison to the previous year and was valued at 274 billion dirhams.
The report was a way to familiarize the entrepreneurs in the country with the contribution of the gold sector in the overall economy. The country's foreign trade in gold is estimated to be 400 billion dirhams on an annual basis.