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FINANCIAL NEWS
Saudi gold investments are set to hit USD3.72b in 2015
22 Feb 2015
(MENAFN) Saudi markets are set to witness a gradual growth in gold investments hitting USD3.72 billion by the end 2015, marking a 20 percent increase, Arab News reported.
With a number of almost 6,000 jewelry shops spread across the Kingdom, the gold market in Saudi Arabia is currently estimated at USD2.39 billion.
Gold factories are to be expanded in number hitting almost 300 factories, up from 250, which will enrich the local market with top quality merchandise of jewels and golden products.
The decline in gold prices has helped customers restore confidence to purchase more products and brought back correction to the market, Amari Gold and Jewelry general manager said.
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