UAE-based refiner SAM Precious Metals plans on expanding globally

UAE-based refiner SAM Precious Metals plans on expanding globally

- The Middle East Precious Metal Refining Market size is forecast to reach US$25.3 billion by 2027;

- Global Precious Metal Market was worth US$240.5 billion in the year 2021;

- The market is projected to grow at a CAGR of 8.1%, to US415.3 billion by the end of 2028.

Dubai, UAE: SAM Precious Metals, a UAE-based refiner, is planning to set up around 13 refineries around the globe. Established and headquartered in Dubai, the city of gold, SAM Precious Metals is one of the top gold and silver refineries in the UAE and is globally renowned in the industry with high end and state-of-the-art facilities in Dubai and Egypt.

The company is a significant player in UAE and has an excellent vision to expand globally. The day-to-day operations of the organization are overseen by a group of seasoned executives who come from a wide range of backgrounds having more than 300 years of collective professional experience.

The Middle East Precious Metal Refining Market size is forecast to reach US$25.3 billion by 2027 after growing at a Compound Annual Growth Rate (CAGR) of 6% during the forecast period 2022-2027. Precious metals are available in a wide range of product types which include gold, iridium, silver,