Egypt has launched an innovative service, the first ATM for gold bullion sales, which is a significant step towards digital transformation and financial inclusion. The inauguration of this service took place at the “Nebu” exhibition, an international gold and jewelry event that was overseen by Ali El-Moselhy, the Minister of Supply and Internal Trade, and Engineer Ahmed Samir, the Minister of Industry.
According to Minister El-Moselhy, this ATM service is in line with Egypt’s digital and financial strategies that aim to enhance the customer experience. The “Nebu” exhibition has expanded with 50 local and international companies participating, including representatives from Germany, the United Arab Emirates, China, Turkey, and Italy. Additionally, the event has attracted 110 foreign buyers from 18 countries.
The gold exhibition has gained significant international recognition as it showcases products that combine heritage and history with the highest quality of Egyptian manufacturing. Minister El-Moselhy emphasized the country’s efforts to strengthen its position in the global gold market, particularly in the export of gold to Gulf countries, Italy, and Africa.
He also highlighted the significant advancements in the gold and jewelry industry, including the integration of modern technology and the availability of gold in the market. Moreover, the government’s recent decision to allow gold imports without customs duties further supports the growth of this sector.
This initiative is part of Egypt’s broader efforts to restore its previous position as one of the world’s leading gold producers.
