Egypt to Establish City for Gold Industry

Egypt to Establish City for Gold Industry

President Abdel Fattah Al-Sisi directed to establish an integrated city for the gold industry in Egypt to reflect its ancient civilization, according to the Spokesman of the Egyptian Presidency, Bassam Radi.

Al-Sisi’s directives came during a meeting with the Prime Minister, Mostafa Masbouly, the Minister of Petroleum and Mineral Resources, Tarek El Molla, and the Minister of Supply and Internal Trade, Ali Al-Moselhi, the Presidential Advisor for Urban Planning, Amir Sayed Ahmed, and the Presidential Adviser for Financial Affairs, Mohamed Amin.

Al-Sisi directed to provide all financial resources to establish the full-fledged city in line with the latest technologies to the manufacture and trade of gold, in addition to choosing the city’s location to take advantage of the new road and axes network to offer easy access to and from the city and to receive visitors.

The meeting also addressed the development of the bakery system, and efforts to convert bakeries to run on natural gas.


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