Egypt’s Minister of Petroleum and Mineral Resources, Karim Badawi, met with executives from Barrick Gold, a global leader in mining, to reaffirm Egypt’s strategic commitment to transforming its mining sector into a key pillar of the national economy.

The government is actively working to increase the sector’s contribution to GDP from the current 1% to 5–6%, driven by comprehensive regulatory reforms and close coordination with the Ministries of Finance and Environment.

During the meeting, Barrick Gold expressed strong interest in exploring Egypt’s high-potential mineral regions, reflecting the country’s rising status as a premier destination for global mining investment.

Badawi reaffirmed Egypt’s pro-investment stance and extended an invitation to Mark Bristow, President and CEO of Barrick Gold, to attend the Egypt Mining Forum (EMF) in July, an event showcasing opportunities for international investors.

With rich mineral resources, supportive policy frameworks, and robust government support, Egypt positions itself as a strategic hub for mining investment in the region.