Minister of Petroleum and Mineral Resources Karim Badawi met with Ahmed Elsewedy, CEO and Managing Director of El Sewedy Electric Company, along with his accompanying delegation. The meeting discussed ways to enhance joint cooperation in mineral resources, petroleum, petrochemicals, and green energy activities.

During the meeting, Badawi reviewed the six main pillars of the ministry’s work strategy, which include numerous investment opportunities across all petroleum activities and the promising mining sector.

Badawi stated that issuing the decision to transform the Egyptian Mineral Resources Authority (EMRA) into an economic entity under the name “Mineral Resources and Mining Industries Authority ” represents a strong starting point. This step enhances the Authority’s ability to work efficiently with the government and investors. It also contributes to attracting foreign and local investments to the mining sector. The move further aims to position Egypt as a regional hub for complementary mining industries, which will help maximize the value of Egypt’s mineral wealth as well as raw mining resources sourced from African countries.

In this regard, Badawi affirmed that the ministry welcomes the private sector’s participation in these areas, which serve the interests of all parties.

For his part, El Sewedy expressed the group’s desire to invest in mineral resources, like phosphate and kaolin, by establishing transformative industries that add value to these resources. El Sewedy noted that the group operates in over 40 countries and has a genuine desire to increase its investments in Egypt across mining, green energy, exploration services, and the petrochemical industry.

El Sewedy Electric is a part of the larger El Sewedy Group, specifically focused on manufacturing and providing integrated energy and infrastructure solutions. A global leader that has evolved from a local manufacturer of electrical products into an integrated infrastructure solutions provider, the company operates in five key business sectors: Wires, Cables and Accessories, Electrical Products, Engineering and Construction, Digital Solutions, and Infrastructure Investments.