Karim Badawi, Minister of Petroleum and Mineral Resources, chaired the first meeting of the Board of Directors for the Egyptian Mineral Resources Authority (EMRA) in its new formation, according to a statement by the Ministry of Petroleum and Mineral Resources (MoPMR).

Badawi emphasized that the transformation of the authority into an economic entity, which President Abdel Fattah El-Sisi ratified last June, represents a major step in supporting and developing the mining sector.

Furthermore, he affirmed that the authority’s board includes representatives from various ministries and relevant agencies. This composition ensures swift and flexible procedures and facilitates the issuance of licenses for all investors exploring various mineral resources.

Badawi also highlighted that the authority plays a pivotal role in developing Egypt’s mining system, raising the sector’s contribution to the Gross National Product (GNP) from the current 1% to approximately 6%.

Moreover, the Minister lauded the board’s role in enhancing performance, streamlining investment procedures, and creating an attractive environment that fosters promising opportunities in mineral exploration and exploitation.

The Minister indicated that Egypt’s score in the Global Investment Attractiveness Index for 2024 stands at 46% in the annual survey of mining companies.

Minister Badawi referred to the goal to raise this score to exceed 70% in the coming period, especially with the approval of a package of investment incentives in the mining sector.

Badawi concluded by announcing that the Egypt Mining Forum has been rescheduled from July to September 2026 to align with the agendas and activities of companies, organizations, and international experts in the mining sector.

The Egypt Mining Forum is the premier platform hosted by the Ministry of Petroleum and Mineral Resources, supporting Egypt’s ambitious vision to become a major global mining destination by 2040. The annual event brings together senior government officials, international mining executives, and financial institutions to discuss policy reforms, unlock the country’s vast mineral potential, and attract foreign direct investment, primarily in the gold and base metals sectors.