Global security technology group Giesecke+Devrient (G+D) has today announced the conclusion of a major contract. The Central Bank of Egypt has commissioned G+D with planning and building an integrated plant for the production and processing of bank notes in Egypt’s new administrative capital, southeast of Cairo.
The project, with a volume of around €260 million, includes cutting-edge IT and security infrastructure as well as the setup of further regional centers.
After completion, the plant will cover the majority of the country’s banknote printing and processing capacity – thereby supporting Egypt in the smart automation of the cash cycle and in further enhancing banknote security. Construction of the new security complex is scheduled to complete in 2020. G+D has been a technology partner to Egypt since 1960. <