Kuwait to build $112.5 billion “gold city”

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The Ministry of Commerce and Industry asked Kuwait Municipality to allocate a plot to build a special ‘gold and jewelry city’ over a total area of 100,000 sq m, to be the largest of its kind in the region.

The ministry’s letter to the municipality explained that municipality approval was needed so that the project could be included in the ministry’s development plan projects.

The ministry’s letter added that the city will include a building to administer precious metals and a parking for employees over an area of 10,000 sq m, in addition to special lounges for both local and imported jewelry, a hall for customer reception, a VIP hall, offices for 300 employees, an archive section, a central well-secure safe, safes in every section, labs for examining diamonds, laser labs, chemical labs and an employee training hall, in addition to parking spaces for 500 employees and 1,000 visitors.

READ  Saudi Arabia to cut reliance on foreign workers in jewelry sector

Source Credit: Zawya
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