A press release to Egypt Oil&Gas stated that the Egyptian Minister of Petroleum, Tarek El Molla, met with Saudi Minister of Energy, Industry and Mineral Resources, Khaled Al Falih. The two ministers discussed minerals investments and ways to boost bilateral cooperation in the field of mining. The meeting concluded with El Molla inviting Saudi companies to invest in Egyptian mining projects, with the Saudi minister declaring that Egypt is a natural extension to Saudi Arabia and that the Egyptian-Saudi relations are unique.

The meeting came on the sidelines of the 14th Arab International Mineral Resources Conference that was held in Jeddah, Saudi Arabia, late November under the title of “Arab Mineral Resources: Strategic Resources and Promising Investments.” During which, Arabic mineral resources ministers gathered to discuss possible cooperation and how to make the best use of the arab world minerals.

El Molla stated that the conference is the most important Arab gathering in the field of minerals to directly connect with investors, experts, academics and economists, as well as discuss researches to  improve the Arab mineral resources and attract more investments to the field. At the end of the conference, El Molla agreed to hold the 15th Arab International Mineral Resources Conference in Egypt.