dynamiclly create shell command

Question

I have following array

arg[1]=mks
value[1]="12 ds"
arg[2]=bsk
value[2]="ds 54"
arg[3]=dkd
value[3]="dd 65"

I don't want to use any other variable or an array and I want to generate the command dynamically for n number of values in below format

command mycommand /path/location ${arg[1]}="${value[1]}" ${arg[2]}="${value[2]}" ...

How to do this?