Minister of Petroleum and Mineral Resources Tarek El-Molla held bilateral talks with Saudi Minister of Industry and Mineral Resources Bandar bin Ibrahim Al Khorayef, in which they discussed several mining issues of common interest, including the Nubian Shield, according to a press release.
It should be noted that the Nubian Shield stretches along the Red Sea covering parts of Egypt, Saudi Arabia, and Sudan.
The ministers agreed to intensify cooperation in the field of mining. With its wealth and added value, the industry can support and advance the economy, market, employment opportunities, and investment climate.
Furthermore, Al Khorayef commended Egypt’s participation in the Future Minerals Forum (FMF) in Riyadh. Both sides stressed the importance of using its platform to achieve the countries’ aspirations to increase the returns of this vital industry.
Following the talks, El-Molla visited the Egyptian pavilion in the exhibition, which showcases the strategy for developing the mining sector, its potentials and wealth. The pavilion also casts light on the success of the first international bid round, which attracted international companies entering the Egyptian market for the first time.