CAIRO — Egypt's gold and jewelry exports have risen sharply in 2020, generating huge revenue for the country as it prepares to build its first jewelry-making city. The boom in gold production came after amendments to mining regulations two years ago, paving the way for more investments in this precious metal.
Gold, jewelry and gemstones exports increased during the first nine months of 2020, achieving a revenue of $2.444 billion, compared to $ 1.392 billion during the same period in 2019, a growth rate of 76%, according to the latest data released by Egypt’s Export Council for Building Materials, Refractory and Metallurgy Industries.
