Saudi’s Al-Romaizan to set up EGP 500 mn gold factory in Egypt

Saudi’s Al-Romaizan for Gold & Jewellery is planning to set up a EGP 500 mn gold processing factory in Egypt, a company source told the press. The facility will be located in either 6 October or Obour City, will employ between 500-1000 workers in the first three years, and is expected to produce between 5-10 tonnes of gold a year.