Kuwait to Build USD 112.5 bn ‘Gold City’

Kuwait to Build USD 112.5 bn ‘Gold City’

The Ministry of Commerce and Industry has asked Kuwait Municipality to allocate a plot to build a special ‘gold and jewelry city’ over a total area of 100,000 square meter, according to Reuters-Affiliated website Zawya.

The city will include a building to administer precious metals and a parking for employees over an area of 10,000 square meter.

Special lounges for both local and imported jewelry will also be constructed, in addition to, 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, and parking spaces for 500 employees and 1,000 visitors.

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