Sawiris cites barriers to Egypt’s gold leadership

Naguib Sawiris pointed out that Egypt is wasting its mineral wealth due to reckless exploration and illegal practices by non-Egyptian companies, which prevents it from becoming one of the top countries in gold reserves. According to the 2026 report, the United States leads the world in gold reserves, followed by Germany, Italy, and France. The Central Bank of Egypt announced that Egypt added approximately 79,630 ounces of gold in 2025 to increase its reserves, bringing the total reserve to 41.59 million ounces by the end of 2025.

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