Gold manufacturers and sellers in the Emirate of Dubai, the largest gold and jewelry market in the Arabian Gulf region, reported that they are targeting a $2.5 billion gold and jewelry sales volume over the next eight years, reported Al-Hayat . The Vice President of the Gold and Jewelry Group said that the 200 gold and jewelry stores in the Emirate are capable of satisfying the consumption Dubai’s 2.5 million tourists. Dubai is expecting 15 million visitors in 2010 and estimates that gold and jewelry sales will increase to nearly three billion dollars that year. — (menareport.com)
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