Mining Sector in Egypt: An Economic Renaissance and Promising Investment Opportunities

The Egyptian government is steadfastly moving towards optimizing the utilization of natural resources in the mining sector, aiming to make it a significant part of the key economic sectors that greatly contribute to boosting the national economy and generating substantial revenues for the state treasury in the coming years. Egypt seeks to attract new investments to enhance productivity in this sector, with the goal of increasing its contribution to the national GDP to $7 billion by the year 2030

Currently, the Egyptian government is engaged in intensive negotiations with international mining companies to attract substantial investments into the sector, promoting local manufacturing and value addition. These companies are keen on capitalizing on the investment opportunities available in Egypt, including the establishment of a factory for producing sodium cyanide, which is used in gold extraction from rocks

Among the companies that have shown significant interest in Egypt’s mining sector are the German company “C.W. Plus,” as well as Chinese, Saudi, Russian, and Canadian firms. The global bidding process for gold and associated minerals in Egypt in 2020, driven by the development and legislative reforms in the mining sector, resulted in 13 local and international companies winning investment rights in Egypt

According to the clear vision of the Ministry of Petroleum and Mineral Resources for developing mining wealth, Egypt has embarked on a journey to optimize the utilization of these resources, taking into account global best practices and enhancing the attraction of investments. This has led to the attraction of global companies that recognize Egypt’s serious efforts to develop its mining resources

Egypt is currently capable of becoming one of the world’s best mining regions. It has already made its mark on the global mining investment map as a promising mining destination, with significant developments and results that inspire optimism

Furthermore, Egypt has achieved an unprecedented leap in the regional geophysical survey program for identifying and classifying mining areas, based on economic principles. This program provides more efficient and reliable mining data that serves the state’s plans and policies for achieving optimal economic exploitation. Egypt is also committed to digitizing all stages of mining, production, and manufacturing of mineral resources

The country is preparing to launch a series of bids for precious and basic metals, in addition to phosphate, sulfur, and potash, during this year. The Minister of Petroleum and Mineral Resources in Egypt has announced the launch of the International Mining Platform in Egypt, containing all the geological data and maps required by investors, to facilitate the presentation of investment opportunities in Egypt’s mineral wealth