Head of Dubai's gold trade body calls for more support from government, industry | ZAWYA MENA Edition:
The head of the trade body for Dubai’s jewellery industry has called for more support for the industry both from the global gold industry and the government to help boost sales in a sector which has been hit by the imposition of VAT charges and a 5 percent customs duty within the past two years.
Tawhid Abdulla, chairman of the Dubai Gold and Jewellery Group and CEO of the Damas jewellery business, called for the World Gold Council to bring together international organisations in the gold industry to form a global body to promote gold, and asked for the Dubai government’s support to provide more prominence to the industry locally.
Speaking to Zawya on the sidelines of the Dubai Precious Metals Conference earlier this month, Abdulla said that he felt the World Gold Council had “kind of a duty of care, still, to look at our region”.
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