CAIRO – Petroleum and Mineral Resources Minister Karim Badawi discussed with Executive Director of the Minerals Council of Australia (MCA) David Parker prospects for cooperation and attracting Australian investments to Egypt’s mining sector.
The meeting comes as part of the ministry’s efforts to enhance investment and advance the mining industry in line with practices adopted by leading mining countries.
In a statement issued on Friday, the Ministry of Petroleum said the minister reviewed the legislative and regulatory reforms implemented in recent years, including the modernization of the financial and regulatory models governing the mining sector.
He stressed Egypt’s commitment to creating a more competitive investment climate capable of attracting major international companies, particularly in the exploration of critical and rare minerals.
He noted that this is supported by a clear strategy and targeted investment incentives in line with the state’s ambitious development plans for the sector.
For his part, Parker expressed the MCA’s interest in technical cooperation with Egypt and in making use of expertise and capabilities to support sector development.
He also outlined the role of the MCA in promoting multilateral trade agreements in the mining field to help improve access to global markets, in addition to advancing climate-related policies across various mining operations in line with global efforts to address climate change.
Such measures, he said, help preserve the competitiveness of Australia’s mining industry, which relies heavily on exports.
At the conclusion of the meeting, both sides underscored the importance of continued technical and institutional engagement between the ministry and the MCA to pave the way for strengthened future cooperation and expanded joint investments.
They also stressed the need to maintain ongoing dialogue on the challenges and opportunities within Egypt’s mining sector.
This, they noted, supports the State’s efforts to develop the industry and transform it into a key driver of economic growth, investment attraction, and the optimal utilization of critical and rare minerals.
