From banknote printing in Giza to an integrated currency hub in the NAC
G+D has a longstanding relationship with the CBE. The company designed Egypt’s first printing plant in Giza near Cairo – a facility that has been in operation since the 1960s. However, the operation was always highly manual and over the years the case for modernization has only grown. In contrast, the new printworks and cash processing center at the NAC represent a huge leap to automation and digitalization, delivering much greater efficiency, quality of production, and security.
Supporting the overall design and construction of the new central bank headquarters in the NAC, G+D was able to demonstrate its ability to build a cash-printing plant and corresponding processing center from scratch, based on cutting-edge cash management technology. After five years of multi-phased construction and installation, G+D handed over the brand-new complex to the CBE on a turnkey basis.
Highlighting the close collaboration between the CBE and G+D, the project was truly turnkey. As part of an ongoing contract, G+D has provided:
- the design of the complete solutions for the printworks and cash center
- all the specialist equipment for both
- the design of an integrated physical security system
- on-site service support for up to five years
- training of CBE technical teams
- the creation of four new regional cash centers
There were plenty of challenges to overcome with the project. G+D had to effectively create a new cash production, sorting, and distribution facility in a city that was still itself under development.
Bringing the project to fruition during the COVID-19 pandemic was perhaps the biggest challenge, requiring the adoption of a whole new set of processes and project management in order to achieve its goals and timelines. That included the adoption of remote approval and sign-off procedures for different phases of the project.