Egypt is advancing a comprehensive plan to modernize its mining system and expand exploration activities nationwide. This strategic initiative was the focus of a recent meeting between Karim Badawi, Minister of Petroleum and Mineral Resources, and a group of chairmen and representatives from mining companies operating in Egypt.
According to a statement by the Ministry of Petroleum and Mineral Resources (MoPMR), the meeting addressed new investment opportunities and the development of value-added downstream industries. It also highlighted a series of legislative reforms in the sector and the newly introduced incentive packages for prospective investors. It also underscored the preparations for the country’s largest airborne geophysical survey project.
These measures aim to leverage Egypt’s strong geological potential, advanced infrastructure, and diverse energy sources to position the country as a leading regional mining hub, Badawi noted.
He added that the global mining industry has undergone a major transformation over the past five years, creating a significant opportunity for Egypt to emerge as a regional leader.
Following his recent promotional visits to Australia and the United Kingdom (UK), Badawi pointed to growing interest from financial institutions in funding local mining projects.
In November, he unveiled an incentive package targeting small and mid-sized mining companies. The package includes reduced annual fees during early exploration stages, tax and customs exemptions for equipment, and a streamlined single-license system for multi-mineral exploration. It also introduces fast-track, low-cost reconnaissance licenses tailored for startup mining companies.
Egypt enjoys a diverse mineral resources, with gold leading the way through the world-class Sukari mine, complemented by deposits of iron ore, copper, and rare earth elements (REEs) that are vital for advanced technologies and the global energy transition. It also holds great reserves of phosphate vital for fertilizers, soda ash for chemicals and glass, limestone and silica sand for construction and glassmaking, and kaolin for ceramics and paper as well as many other minerals.
