Sales of gold through Dubai last year reached $ 75 billion, representing 40% of the world trade in physical gold. Experts predict that by 2020 the emirate will annually attract about 20 million visitors and will become the main center of gold trade, according to the publication Gulf News.
The growing volume of gold consumption in China and India creates more opportunities for business development in the Middle East: in the region to which Dubai belongs, new gold processing plants are opening, and existing enterprises expand capacities, said Pradeep Unni, head of research, strategy and trade, Richcomm Global Services Pradeep Unni). According to him, gold is processed in Dubai and then exported to India and China via Hong Kong.