Egypt is taking steps to position itself as a regional gold hub, with plans to establish an internationally certified gold refinery and introduce legislation to regulate gold investment funds.
Mostafa Madbouly, the country’s Prime Minister, announced the initiatives during the weekly cabinet meeting on Wednesday, describing them as part of a broader strategy to develop the country’s gold sector and align with global market standards.
According to Madbouly, the government is finalising a comprehensive framework for the gold industry, combining legislative reforms with procedural improvements to enhance transparency, efficiency, and investor confidence.
The refinery, to be built locally, will meet international certification standards, enabling Egypt to better compete in the global gold market and strengthen its position in gold-producing and exporting blocs.
The draft law on gold investment funds aims to open new channels for both institutional and individual investors to participate in the sector. By diversifying investment options, officials hope to create a secure and attractive investment environment, offering citizens more ways to benefit from the country’s mineral wealth.
Last month, the minister chaired a high-level meeting to review progress on boosting gold-related investment. He stressed the importance of maximising Egypt’s natural resources through the mining sector, noting that gold represents one of the most promising areas for growth.
The government, he said, is committed to offering incentives and facilitations to attract both local and foreign investors, from tax breaks to streamlined licensing procedures.
Aligning with international trends in gold investment tools is a key part of the strategy. Madbouly highlighted the need for Africa’s second biggest economy, to adopt global standards for refining, trading, and investment, ensuring that its gold products and services are competitive on the world stage.
The establishment of the certified refinery is expected to increase the country’s refining capacity, reduce reliance on foreign facilities, and improve the value chain from extraction to export.
Combined with the legal framework for gold funds, these reforms are designed to enhance the sector’s contribution to the national economy and help Egypt capture a greater share of regional and global gold trade.
By advancing these initiatives, the country is signalling its intent not only to modernise its mining industry but also to secure a stronger foothold in one of the world’s most enduring and valuable commodities markets.
