Egypt announced its ambition to become a regional hub in the mining sector, as part of the new strategy set by the Ministry of Petroleum and Mineral Resources. In an official statement released on Tuesday, the government emphasized that the top priority for achieving this goal is to focus on value-added projects.
Minister of Petroleum and Mineral Resources Karim Badawi underlined the country’s aim to maximize the benefits of its oil and mineral wealth, stating that value-added projects are at the core of this initiative. Regarding this new direction, he said:
“We will achieve this goal by expanding local production, developing world-class products, and exporting them to international markets. In doing so, we will bring foreign currency into our country.”
Minister Badawi also highlighted that Egypt’s advanced infrastructure and strategic geographic location offer major advantages in reaching this goal. In this context, the strategy includes enhancing mining activities and transforming the Mineral Resources Authority into an economically driven body. The overall objective is to raise the mining sector’s contribution to the Gross Domestic Product to 5–6%.
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