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

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 to promote Foreign Direct Investment (FDI) in mining and other natural resources in the Economic Community of West African States (ECOWAS). The initiative will catalyze developing stronger trade relations between the Gulf Cooperation Council (GCC) and the West African region while opening new investment avenues.

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. 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 the mining sector – particularly gold and diamonds offer a lucrative option. We aim to introduce new investment vehicles to help investors from the GCC explore the vast natural resources and mineral reserves in Africa. Gold has bounced back significantly this year and is considered a haven during times of market volatility. Also, diamonds are seen as the 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 specializes in supplying raw commodities, gold, and diamonds 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 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 products we bring to trade are conflict-free.”