Tomorrow, the Minister of Petroleum launches new mining projects and signs strategic agreements in Marsa Alam

Engineer Tarek El Molla, the Minister of Petroleum and Mineral Resources, is gearing up for an exploratory tour tomorrow, Saturday, where he will inspect a number of mining projects in the regions of Marsa Alam in the Eastern Desert. This tour is part of the government’s efforts to enhance and develop the mining sector in collaboration with local and foreign partners

Among the scheduled activities, the Minister of Petroleum will inaugurate several laboratories specializing in the analysis of gold and associated minerals. This inauguration aims to enhance added value and reduce expenses related to sending samples abroad, thereby stimulating investment and boosting research and development capabilities in this vital sector

As part of the efforts to strengthen cooperation with mining companies, the Minister of Petroleum will sign agreements related to research and exploitation with the winning companies in the second gold bid. This is to promote strategic collaboration and encourage investors to explore and exploit resources efficiently and sustainably

This tour is also in the context of implementing the national strategy for the development of the mining sector in Egypt. The continuous effort of the Minister of Petroleum reflects the government’s commitment to supporting the sector and encouraging local and international investments

The Ministry of Petroleum and Mineral Resources, through the Mineral Wealth Authority, is taking effective measures to enhance the performance of relevant administrations and achieve organizational and structural development, aiming to achieve an ambitious plan. These efforts focus on increasing production and enhancing the attractiveness of foreign investments, with a particular emphasis on increasing the sector’s contribution to the national income and providing employment opportunities for youth

These efforts also include the development of new strategies to boost Egypt’s share in the export markets for mineral wealth, with the goal of enhancing the country’s foreign currency income. The importance of this strategy lies in reinforcing the role of the sector in the national economy, improving wealth distribution, and providing job opportunities for youth, thus promoting the stability and development of the country