Chief Executive Officer for DMCC, Ahmed Bin Sulayem said that the value of the gold trade in Dubai during the year 2012, amounted to $ 70 billion.
He said Bin Sulayem during the Dubai Precious Metals “accounted for the Emirate of Dubai is currently more than 20% of the volume of trade the yellow metal globally, jumped from $ 6 billion in 2003 to reach $ 70 billion in the year 2012,” according to the newspaper “Gulf,” the UAE.
Bin Sulayem said: “Dubai managed for multiple items to contribute to the consolidation of Dubai’s status as a global hub for gold trade and international gateway for the trading of goods, through the development of advanced infrastructure and enact appropriate legislation in line with international standards.”
And highlighted speakers at the conference highlighted the leadership of Dubai and what the environment of progressive business practices, as well as regulatory and legal frameworks that will protect the interests of investors, also praised participants Conference status of Dubai as a global hub for trade gold bullion, while officials revealed in local banks and regional in Dubai, about their plans to grow their business as a gold banks, in order to meet the needs of suppliers in Africa and consumers in India.