Minister of Petroleum and Mineral Resources, Tarek El Molla, confirmed that the establishment of the first digital portal of its kind for investment in the mining sector represents a qualitative leap in attracting investments to this sector and implementing complete digital transformation.
El Molla indicated that this ambitious project comes in parallel with the reform steps and programs that the Ministry continues to implement to develop the performance of the mining sector and increasing its attractiveness for investment.
This came during the meeting held by the minister at the headquarters of the Egyptian Mineral Resources Authority (EMRA) to follow up on the progress of work on the portal project establishment.
The digital portal aims to market investment opportunities in the search and exploitation of mining ores in a flexible and rapid manner, which works to attract investors more broadly from all over the world after informing them digitally about investment opportunities and submitting investment offers in Egyptian mining areas through the special bids scheduled to be presented to them.
The digital portal, after its launch, aims to facilitate and speed up investment decision-making, along the lines of models applied in leading countries in the field of mining, such as Australia and Canada.
During the meeting, the Minister followed up with the project work team, which includes the alliance of companies Trimble; MSA; New Smart; and EMRA, the implementation progress, the ongoing steps, and the targeted work plan for the coming period to complete the implementation stages. Similar models efficiently implemented by Trimble around the world were also reviewed.
El Molla directed the need to pay attention to training EMRA employees and the cadres that will operate the platform to deal efficiently with the new digital portal and keep pace with continuous updates and development in this field.