Avrio Gold, a company specialising in gold trading and jewellery manufacturing, will open a new factory for jewellery and bullion production in early 2026. The facility, spread over 1,000 square metres in one of Egypt’s industrial zones, marks a key step in the company’s expansion, according to Chairperson Emad Saad.

The company also plans to open two new branches in the New Administrative Capital and Nasr City, adding to its existing outlets in the El-Sagha gold district, which cater to both wholesale and retail clients.

Avrio Gold is an authorised distributor for several global bullion brands, offering 21-karat and 18-karat jewellery across varied designs and weights. It also operates a dedicated raw gold trading branch that enables traders to buy or exchange gold, while facilitating gold transfers within Egypt and abroad — a system similar to banking transactions.

Saad said the company collects used jewellery from across the country for melting and reuse, reducing import needs and strengthening the local supply chain. He noted that despite record-high prices and weakened demand, factories are retaining skilled craftsmen to preserve artisanal quality.

He urged authorities to support the gold sector through tax relief, reduced fees, and easier export procedures. Saad expects a gradual recovery as incomes improve and exchange rates stabilise.

Gold prices, he added, will likely continue rising due to global uncertainty and central bank demand, prompting manufacturers to increase production fees by 20–30% since the start of the year.