Egypt’s City of Gold – EgyptToday
Egypt’s City of Gold – EgyptToday
Gold Jewellery- CC via Egypt Today/ Samar Samir
In a bid to revive the gold industry and attract investments, and building on 3,000 years of civilization, Egypt has recently announced the establishment of a new city for the manufacture and trade of gold.
Following the directives of President Abdel Fattah El Sisi, the city of gold is set to include units of delivery and storage, factories, workshops, gold shops, a gold-craft school, as well as services like a branch of jewelry stamping and scales, a museum, an educational park for children, a dining area and a logistics center.
Head of the Authority for Jewelry Stamping and Scales Major General Abdullah Muntaser tells Business Today Egypt, “[Equipped] with highly modern technology, the city will be a world destination where traders from Italy and the UAE can exhibit their pieces of jewelry.”
Envisioning the city of gold
The new city
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