CEOs and leaders of top mining companies have hailed the role of the Egyptian government in developing the mining sector to attract foreign investments in Egypt and expanding participation in gold mining bid rounds.
These remarks took place during a panel discussion held within Egypt Mining Forum 2022 entitled “Transforming Egypt as a Progressive Investment Destination for Gold and Precious Stones Mining”. During the panel, the investors showed the reasons for their decision to invest in the Egyptian mining sector.
The Egyptian government’s reforms to the necessary mining laws and regulations were discussed in addition to the application of prevailing systems globally in mining agreements. The investors also praised the Ministry of Petroleum and Mineral Resources for its efforts to eliminate any investment obstacles.
The participants highlighted that Egypt’s efforts in maximizing the infrastructure as well as ensuring a politically and secure investment climate are quite encouraging.