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| Arabia |
| Jeddah will have worlds biggest gold factory |
| 2011-01-05 |
| [Arab News] Jeddah is home to a thriving local gold industry. Now it will be home to the world's largest gold factory. "The factory will become a reality by the end of this year," Essam A. Aziz Sultani Al-Ashrafi, chief executive officer of Taiba for Gold & Jewels Co. Ltd., told Arab News on the sidelines of a news conference on Monday. The press meet was convened to announce the launch of the "Golden Plume Contest" for gold jewelry designers at the Jeddah Chamber of Commerce and Industry (JCCI). The contest has been organized by the World Gold Council (WGC) in cooperation with the head of the Jeddah Jewelers Board, Taiba and the Khadija Bint Khowailid Businesswomen Center of the JCCI. The factory, once operational, will employ 500 to 800 workers, thus creating jobs for young Saudis, Al-Ashrafi said, adding that this ambitious project is the brainchild of Taiba for Gold & Jewels. He added that the factory is already under construction at Jeddah Industrial Estate-II, covering an area of 22,000 square meters. The Kingdom has always led the Gulf and the Middle East in terms of gold and jewelry consumption and sales. He attributed this to the high quality of products that are sold and also manufactured locally. |
| Posted by:Fred |