Egypt’s Sisi orders establishment of integrated city for gold manufacture, trade

Egypt’s Sisi orders establishment of integrated city for gold manufacture, trade

Egypt passed a legislation last year to ease exploration rules and attract investors to its gold sector as it sought to attract gold mining firms for its first major tender since 2017 in the Eastern Desert







Ahram Online

, Saturday 16 Jan 2021







Egyptian President Abdel-Fattah El-Sisi ordered the establishment of an integrated city for the manufacture and trade of gold in the country.













Egyptian President Abdel-Fattah El-Sisi ordered the establishment of an integrated city for the manufacture and trade of gold in the country.

According to an official statement, El-Sisi ordered for providing the needed financial resources to establish the city in accordance with the latest technology in the field, reflecting Egypt's rich history in the industry. 

His directives came during a meeting with Prime Minister Mostafa Madbouly, Petroleum Minister Tarek El-Molla and other officials. 

He ordered for the supplying of essential industry and manufacture materials, exhibits and labour training. As well as, taking into account the logistical aspects in terms of choosing the city's location to benefit from the new road networks in allowing easier accessibility. 

Egypt passed a legislation last year