Egypt is intensifying efforts to attract international miners as it seeks to raise the mining sector’s contribution to GDP from less than 1% to 6%. Petroleum and Mineral Resources Minister Karim Badawi announced on Thursday, at the Africa Down Under Conference in Perth that the Government is overhauling regulations, introducing new agreements with global firms such as AngloGold Ashanti and Barrick Mining. And is reforming the national mining Authority into an “Economic Authority” with expanded powers to fast-track projects.
He emphasised that Egypt’s Arabian-Nubian Shield, a rich yet underexplored mineral belt, holds vast potential for global investors.
To support this ambition, Egypt will roll out nationwide aerial surveys and digital platforms to make geological and licensing data more accessible, while creating pathways for both junior explorers and major producers. With its strong oil and gas infrastructure and a revised national energy strategy targeting 42% renewables by 2030, Egypt intends to position itself as both a mining and energy hub for the region. Badawi stressed that energy security, location advantages and export capacity will underpin the country’s strategy to establish itself as a globally competitive mining destination.