Wednesday 5 January 2011

Saudi Arabia to open world’s largest gold factory | 05 January 2011 | www.commodityonline.com

Saudi Arabia, one of the world’s largest gold consumers, said it will soon open world’s largest gold factory at Jeddah.

The factory, once operational, will employ 500 to 800 workers, thus creating jobs for young Saudis, according to Taiba for Gold & Jewels Co. Ltd, which will build the factory.

The factory is already under construction at Jeddah Industrial Estate-II, covering an area of 22,000 square meters and will become a reality by the end of this year, said the Company.

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