29.01.2026 19:51
The United Arab Emirates (UAE) has announced that it will build the "Gold Souk," the world's first of its kind, as part of a project aimed at strengthening Dubai's position as a leading global center for gold and jewelry trade.
The United Arab Emirates (UAE) announced that it will build the "Gold Street," which will be the world's first of its kind, as part of a project aimed at strengthening the position of Dubai as a leading global center for gold and jewelry trade.
The United Arab Emirates is preparing to build the world's first "Gold Street" in the city of Dubai. The project will take place with the aim of enhancing its position as a center for gold and jewelry trade.
The United Arab Emirates will build the world's first "Gold Street" in the city of Dubai. The Dubai Government Media Office shared a statement featuring visuals related to the matter on the social media account of the US-based company X.
THE GOLD DISTRICT WAS OFFICIALLY INTRODUCED
The statement noted that the company named "Ithra Dubai" officially introduced the "Dubai Gold District," a destination specifically developed to strengthen Dubai's position as a leading global center for gold and jewelry trade.
The statement indicated that the "Dubai Gold District," developed as a unified ecosystem, will host more than a thousand retailers, and it was recorded: "The Dubai Gold District brings together the entire gold and jewelry value chain, including retail jewelry, gold bullion, wholesale trade, and investment, all in one place."
GOLD STREET WILL ALSO BE INCLUDED
The statement highlighted that the "Gold Street," which will be the world's first of its kind, will also be located in the Dubai Gold District.
A report in the UAE-based Al-Bayan newspaper also mentioned that the country exported gold worth 53.41 billion dollars during the period of 2024-2025.
The report pointed out that the UAE, which ranks second in the world in gold trade, has Switzerland, the UK, India, Hong Kong, and Turkey as its main trading partners.