Riyadh - Sharikat Mubasher: An Indian business delegation comprising 200 companies specializing in the gold and jewelry industry is set to visit Jeddah next September to explore potential investments in Saudi Arabia, according to Kirit Bhansali, Chairperson of the Gem and Jewellery Export Promotion Council (GJEPC).
With investment portfolios worth around $100 billion, these companies aspire to inject capital into the Saudi market through trading and manufacturing partnerships, Bhansali stated in an interview with Al Eqtisadiah newspaper.
The visit will coincide with the SAJEX 2025 exhibition, scheduled to be held in Jeddah from 11 to 13 September.
Bhansali highlighted that the council plans to establish gold and jewelry manufacturing plants in Saudi Arabia soon, affirming that the Kingdom is one of India’s key partners in this field.
He noted that 14 Indian companies are currently investing in the gold and jewelry sector in Saudi Arabia, along with eight companies specialized in gold and jewelry wholesale, and over 22 manufacturing factories.
Organized by GJEPC, SAJEX 2025 is a leading B2B jewelry event that will gather the finest jewelers, designers, manufacturers, and industry leaders from around the world. As the premier trade platform in Saudi Arabia, SAJEX 2025 will serve as a gateway to the thriving Middle Eastern jewelry market, fostering business opportunities, innovation, and global collaborations.
