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Gold vendors wait for costumers inside a shop at the gold market area, as gold prices recorded an increase after devaluation of the local currency, in Cairo, Egypt January 12, 2024. REUTERS/Amr Abdallah Dalsh
Arab Finance: Gold Era Egypt, a producer of gold bars and coins, is set to begin operations at its new EGP 1 billion gold manufacturing facility in the first quarter (Q1) of 2025, an unnamed source told Al Borsa News.
The facility will have a production capacity of 4-5 tons per month, aiming to cater to the demands of the local market.
Gold Era is also planning to expand its export footprint by entering the US market next year.
The company currently exports its products to the UAE, Saudi Arabia, and several other Arab countries.
