Legislation and streamlined procedures support the development of mining investments in Egypt

During a specialized session at the forum, the role of laws and regulations governing investments in the mining sector was discussed, highlighting their contribution to supporting the efforts in this field. Jafar, the CEO of Asic Mining Company (ASCOM), emphasized that the global trend is moving towards green mining and the utilization of various minerals in energy transformation processes. The session also shed light on the numerous investment opportunities available in this sector, encouraging intensified research, exploration, and production activities in the Eastern Desert, an area possessing all the necessary components for further progress and advancements in the mineral wealth domain. This progress was facilitated by Egypt’s implementation of reformative measures in the mining sector

Anas Joudi, the Assistant Director and Head of Natural Resources at the International Bank for Reconstruction and Development, emphasized the success achieved through mining technology and digital transformation in generating positive economic and social outcomes. He stressed the need for additional frameworks and policies to achieve emission neutrality in the future

Mohamed Abdel Azim, the CEO of Egypt’s Phosphate Company, discussed Egypt’s phosphate industry and how it has benefited from the reformative measures implemented in the country. He highlighted the company’s commitment to striking a balance between production and sales while adhering to international industry standards, enabling Egypt to achieve self-sufficiency, expand exports, and tap into new markets in Europe and America

Boujat Al-Adwan, the Director of Natural Resources Projects at the Jordanian Ministry of Energy and Mineral Resources, mentioned the significant steps taken by Jordan in the past three years in the mining sector. These steps include the development of a clear geological map outlining the country’s substantial reserves of mineral resources