The mining sector aims to increase its contribution to Egypt’s Gross Domestic Product (GDP) from the current 1% to 5-6%, Minister of Petroleum and Mineral Resources Karim Badawi said on Thursday.
During a meeting with executive officials of the Egyptian Mineral Resources Authority (EMRA), the minister emphasized the significance of mineral processing industries as a core value-added component to enhance returns from Egypt’s mining sector.
Badawi highlighted the need for competitive, investment-attractive agreements in the mining field, diversifying sources of investment and capital from both the Egyptian private sector and international entities, and supporting the role of national governmental bodies in exploration within the mineral resources sector.
He added that adherence to occupational health, safety, and environmental protection standards is critical to attracting investments in the mining sector.
Badawi also noted that progress in transforming the Egyptian Mineral Resources Authority into an economic entity. This project, which aims to improve work efficiency and support decision-making, is advancing, with the necessary legislative steps underway to bring it into effect.
