Following the ‘Gold Rush’ Citigate International is on a Roadshow in KSA to Introduce New Investment Opportunities


Citigate International is on a two-week roadshow in Saudi Arabia targeting investors in Jeddah and Riyadh with an objective of promoting Foreign Direct Investment (FDI) in mining and other natural resources in the Economic Community of West African States (ECOWAS). The initiative will serve as a catalyst for developing stronger trade relations between the Gulf Cooperation Council (GCC) and West African region while opening new avenues for investment.

Citigate’s vision is to help boost mineral export volumes between Africa, GCC and Asia by tapping into Africa’s vast natural resources. Being based in Dubai – one of the top three Global Gold and Diamond Trading Hubs in the world (with 40% of all gold produced worldwide passes through Dubai) – the company is well placed to capitalize on the new silk route. A recent Dubai Chamber of Commerce and Industry special report has revealed that the UAE is becoming increasingly competitive in Saudi Arabia’s import market, as the Kingdom constitutes the 2nd largest destination for UAE-made products after India.

Mr. Tohib Iyiola, CEO of Citigate International, commented, “With the crashing oil prices, GCC countries are seeking to diversify their economies, and mining sector – particularly gold and diamonds offer a lucrative option. Our aim is to introduce new investment vehicles which can assist investors from the GCC to participate in exploring the vast natural resources and mineral reserves in Africa. Gold has bounced back significantly this year and is being considered as a safe haven during times of market volatility. Also, diamonds are seen as next-best commodity after gold where there has been limited investor flow and hence less downside in case the bear case unfolds.”

Headquartered in the UK with operations in Europe, Asia, Middle East and Africa, Citigate International is trade regulated by Dubai Diamond Exchange and deals in diverse commodities across the globe.  It also specialises in the supply of raw commodities, gold and diamonds in particular, to manufacturing and retail groups. Mr. Iyiola, said, “We have successfully leveraged on the tremendous opportunities in the commodities sector and have built a solid foundation with a global network.”

Emphasizing on the quality of material supplied by Citigate Mr. Iyiola said, “We make sure that our precious metals and Gems follow all necessary government required protocols i.e. DMCC responsible sourcing and Kimberley process certification scheme. We are conscious of our corporate social responsibility and ensure that the produce we bring to trade is conflict free.”

Dubai is one of the top three diamond trading centres in the world and the annual diamond business in the UAE is valued at US$30 billion. Earlier this year, the UAE took over as chair of the Kimberley Process Certification Scheme represented by Dubai Multi Commodities Centre (DMCC), the UAE Ministry of Economy’s authority for the Kimberley Process Certification Scheme, and Dubai Diamond Exchange.

 www.citigatecommoditiestrading.com

For media contact:

Hina Bakht

Vice President

MPJ (Marketing Pro-Junction)

Mob: 050 697 5146

h.bakht@mpj-pr.com

http://www.mpj-pr.com

Related Articles:

Published at: Economic News Articleshttp://economicnewsarticles.org

Post Footer automatically generated by Add Post Footer Plugin for wordpress.

Article Source


DISCLAIMER: All information, content, and data in this article are sole opinions and/or findings of the individual user or organization that registered and submitted this article at Economic News Articles without any fee. The article is strictly for educational or entertainment purposes only and should not be used in any way, implemented or applied without consultation from a professional. We at Economic News Articles do not, in anyway, contribute or include our own findings, facts and opinions in any articles presented in this site. Publishing this article does not constitute Economic News Articles's support or sponsorship for this article. Economic News Articles is an article publishing service. Please read our Terms of Service for more information.

Comments are closed


Disclosure: You should assume that the owner of this website is an affiliate for providers of goods and services mentioned on this website. The owner may be compensated when you purchase after clicking on a link. The owner may also have received the product for free. Perform due diligence before purchasing from this or any other website. Testimonials may or may not be accurate, and anything that looks like an endoresement should be regarded as nothing more than an advertisement.
%d bloggers like this: