The upcoming edition of MidEast Watch & Jewelry Show is set to ride high on the overall positive sentiment in regional economies as well as the continuing strong investor inflows into gold. “There are positive signals all around. All the sectors of the economy are seeing visible signs of an upturn. Moreover, demand for gold has remained intact throughout the economic slump, with investor inflows being very strong in the first part of the year,” said Saif Mohammed Al Midfa, director-general of Expo Centre Sharjah. According to World Gold Council figures, identifiable investment in the first quarter of the year was up 248 percent on year-earlier levels. Net retail investment totaled 130.8 tons, up 33 percent on the levels of Q1 2008. ‘These positive economic indicators are to reflect on the autumn edition of the MidEast Watch and Jewelry Show, preparations for which are in full swing at Expo Centre Sharjah.
