Egypt’s Minister of Trade and Industry Nevine Gamea announced that the government is currently working on establishing a “City of Gold” on an area of ​​150 acres. She pointed out that the City of Gold includes 400 workshops for the production of gold, 150 other educational workshops, and an educational industrial school, to be integrated with the technical school for gold and jewelery “Egypt Gold School” in Obour city. Gamea’s remarks came during the inauguration of the first Nebu Expo for Gold & Jewelry 2022. Gold is one of the most important products exported during the year 2021, the minister noted, with the total Egyptian exports of gold amounting to $1.1 billion. The Nebu Expo for Gold & Jewelry 2022, held over three days, is organized by the General Federation of Chambers of Commerce, under the supervision of the ministries of Supply and Industry, with the aim of reviewing the most prominent developments in the gold industry.

Source: Egypt Independent February 20, 2022 13:39 UTC