Karim Badawi, Minister of Petroleum and Mineral Resources, met senior executives from leading international mining companies to explore new investment opportunities in gold exploration. The talks come as Egypt advances legislative and regulatory reforms designed to streamline procedures and attract greater investment into the mining sector, according to a statement by the Ministry of Petroleum and Mineral Resources (MoPMR).

The meeting was attended by Khaled Mortagy, Chairman of Capital Limited Egypt; Timothy Strong, Executive Director of the Australian company Marvel Gold, and Timothy Livesey, Mining Executive at the UK’s Ritz Mining.

During the meeting,  Badawi told investors the mining sector is entering a new phase under a more investment‑friendly framework built on clear legislation, reliable geological data, and incentives aimed at attracting both major and junior exploration companies.

Executives expressed strong interest in investing in Egypt at this stage, noting they have long monitored the country’s mining climate. They praised Egypt’s rich geological potential and abundant mineral resources, stressing that combining modern data, advanced technology, and new capital could unlock significant results and promising gold discoveries.

The MoPMR has stepped up efforts to promote the sector, announcing an “exceptional” edition of the Egypt International Mining Forum (EIMF) under the patronage of President Abdel Fattah El‑Sisi. The event will be held on September 28–29 in the New Administrative Capital, with broad participation from major mining companies and global investors.