The government aims to localize the metal industries with the latest international expertise to transform Egypt into a regional hub for the production and minting of coins to be exported to other Arab countries , African countries and the Middle Eastern and possibly other markets, according to a press statement by Mohamed Maait, Minister of Finance. Egypt announced earlier the establishment of an Egyptian-British mint in the Suez Canal Economic Zone with investments of LE2 billion, and an annual production capacity of half a billion coins in accordance with international standards, 50 percent of which is destined for export. According to Maait, all stages of manufacturing will take place in
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