Gold Manufacturers Business Group

In March 2023, Dubai Chamber of Commerce launched three specialized business groups dedicated to Dubai's thriving gold sector: the Gold Manufacturers Business Group, the Gold Bullion & Refinery Group, and the Gold Designers Business Group. These groups were established to support and strengthen Dubai's position as the 'City of Gold' – a status the emirate has maintained for over a century. The groups serve as strategic platforms where gold sector professionals, manufacturers, refineries, and designers can collaborate, share insights, and collectively advocate for policies that enhance the industry's competitiveness.

These business groups play a crucial role in facilitating two-way dialogue between the private sector and government entities, enabling members to influence policy decisions and regulatory frameworks that directly impact their operations. By bringing together key stakeholders across the gold value chain, the groups address industry challenges, promote best practices, and identify opportunities for growth in one of Dubai's most significant trading sectors.

The establishment of these groups reflects the gold sector's impressive growth trajectory, with Dubai's total gold trade expanding from $43.4 billion to $75 billion between 2017 and 2021, representing a compound annual growth rate of 15%. With over 300 gold retailers in Dubai's iconic Gold Souk and the comprehensive gold ecosystem supported by Dubai Multi Commodities Centre, these business groups are positioned to sustain and accelerate the industry's contribution to Dubai's economy.

Mission & Mandate

The Gold Sector Business Groups serve as dedicated platforms for industry stakeholders to advocate for policy changes that benefit Dubai's gold industry and enhance market competitiveness. These groups are fundamental to sustaining the promising growth of the gold sector and ensuring it continues to thrive as a significant contributor to Dubai's economy.

• Policy Advocacy & Legislative Support: Act as a bridge between the gold business community and government entities, advocating for beneficial policy changes and regulatory enhancements that strengthen the industry's competitive position.

• Industry Representation & Collaboration: Provide unified representation for gold manufacturers, bullion refineries, and designers, facilitating collaboration across the entire gold value chain from research and refining to trading and investing.

• Market Competitiveness & Growth: Drive initiatives that enhance Dubai's position as a global gold trading hub, supporting the sector's sustained growth trajectory and its contribution to economic diversification.

• Two-Way Dialogue Facilitation: Enable effective communication between private sector members and government entities to address policy matters, operational challenges, and opportunities for business environment enhancement.

• Knowledge Sharing & Best Practices: Foster exchange of industry insights, market intelligence, and best practices among members to elevate standards across Dubai's gold sector.

• Strategic Industry Development: Support the gold sector's evolution in line with Dubai's economic vision, ensuring the industry remains attractive for trade, investment, and talent in the global marketplace.