Egyptian minister prioritizes mineral wealth to boost economy
Egypt's Minister of Petroleum and Mineral Resources, Engineer Kareem Badawi, discussed during a broad meeting strategies for maximizing the added value of Egyptian phosphate ore through the establishment of industrial complexes for the production of phosphate fertilizers and phosphoric acid, in collaboration with local and international investors. He emphasized that the goal is to transform mineral resources from mere extraction of raw materials into high-value industries that contribute more significantly to the Egyptian economy. The focus is on accelerating work and facilitating investment procedures. The meeting also covered key industrial projects, including the creation of complexes for producing phosphoric acid and fertilizers, as well as ways to utilize phosphate ore that increase its economic value, with the aim of attracting investments and achieving substantial economic returns from the mining sector.
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