Minister of Petroleum and Mineral Resources Karim Badawi on Monday discussed with Elsewedy Electric Group President and Chief Executive Officer Ahmed Elsewedy ways of enhancing cooperation in mining, petroleum, petrochemicals and green energy sectors.
During the meeting, Badawi highlighted the six core pillars of the Petroleum Ministry’s strategic plan that entails investment opportunities across the oil and gas industries and Egypt’s promising mining sector.
A law promulgating the transformation of the Egyptian Mineral Resources Authority (EMRA) into the Egyptian Mineral Resources and Mining Industries Authority, with an independent economic structure, would contribute to attracting foreign and local investments, Badawi said
For his part, Elsewedy expressed the group’s interest in investing in mineral resources such as phosphate and kaolin, aiming to establish value-added processing industries.
He added that Elsewedy Electric operates in over 40 countries and seeks to expand its investments in Egypt, particularly in mining, green energy, exploration services as well as the petrochemical industries.
