Al-Sisi directs the establishment of the "City of Gold" and sets standards
Egyptian President Abdel Fattah El-Sisi has directed to provide financial resources to establish a city according to the latest technologies, for the manufacture and trade of gold, which reflects Egypt's ancient civilization history in this delicate craft industry.
Egyptian presidential spokesman Bassam Radi said that the establishment of the city was discussed by Sisi during a meeting with Prime Minister Mostafa Madbouly and a number of senior officials.
The Syrian official pointed out that the city would "reflect Egypt's ancient civilizational history in this delicate craft industry", and in an integrated manner in terms of providing industry and production supplies, high-end exhibitions, training workers to refine their capabilities, and taking into account the logistical aspects in terms of choosing the location of the city to benefit from The new network of roads and axes for easy access to and from and receiving visitors. The Egyptian Minister of Supply had unveiled a few weeks ago a new scheme to support the gold industry system in Egypt, through the state’s endeavor to establish a city for the gold industry in the Obour region, and the city will include, according to the announced plan, the establishment of 400 workshops. Gold production art, 150 other educational workshops, and a large educational school.
He added in press statements that the city will include a permanent exhibition throughout the year, specialized in the gold industry, in addition to the presence of special spaces for gold merchants in Egypt, confirming the completion of the study, which includes the cost of the project and its sources of financing, provided that the executive steps of the project begin after the Ministry of Housing provides the plot of land. Occasion.
Egypt is rich in a number of mines that represent the jewel in its production of raw gold, as Egyptians have excelled since their ancestors, the Pharaohs, in extracting gold from the mines. It has not been proven through studies of Egyptologists that they imported gold used in decorative artifacts or funerary sculptures.
Ten years ago, Egypt was not on the map of gold production, except after the operation of the Sukari mine in 2010, which production stopped in 1954, and it contains about 15.5 million ounces of gold.
The first applied technology school specializing in the manufacture of jewelery and jewelery with a 3-year system received the first batch in the 2019-2020 academic year, becoming an unprecedented edifice in qualifying gold makers in Egypt.
