With major investments… an Egyptian-African alliance places Cairo on the global gold map

The Egyptian state is entering a new and promising phase in the mining and precious metals sector through the launch of a major project aimed at establishing the country’s first gold bank and refinery. This major initiative is expected to transform Egypt into a leading regional and international hub in the precious metals industry.

The official announcement of the start of the refinery’s implementation is scheduled for the end of 2026. It will handle gold refining and convert it into certified bullion suitable for trading on global stock exchanges and markets, according to Maaat Group, once the optimal location for the bank is determined and the implementation mechanisms and shareholders’ stakes are finalized.

This national project is supported by a strong financial structure and strategy that brings together the Central Bank of Egypt and the African Export-Import Bank (Afreximbank) as project financiers, with total investments amounting to $100 million.

This investment step aims to maximize the added value of Egypt’s mineral resources instead of exporting gold as raw material, ensuring precise governance of all stages of production and refining under an integrated banking and investment framework supervised by the mining sector, the Central Bank of Egypt, and African partners.

The economic foundations of this project rely on strong figures and productivity achieved by the state, as Egypt’s current gold production ranges between 14 and 15 tons annually, while exports of the yellow metal recorded a record surge reaching approximately $7.6 billion in 2025, according to global data from Bloomberg.

The current timing for launching the bank and refinery reflects a clear vision to capitalize on these massive revenues and secure the export pathway, ensuring a sustainable future for the national economy and placing Egypt among the major countries producing and exporting internationally certified gold bullion.