Petroleum Minister Seeks New Australian Investments in Egypt
Egyptian Minister of Petroleum, Engineer Kareem Badawy, discussed with Australian Small Business Minister Anne Ali the ways to strengthen cooperation between Egypt and Australia in the mining sector, aiming to attract new investments and open avenues for partnership and development. The minister noted that Egypt has implemented measures to improve the mining investment environment, including streamlining procedures, reducing costs, enhancing geological data, and developing relevant agencies. He emphasized the importance of adding value to mining through expanding processing and manufacturing, and sought to attract advanced Australian companies—especially small and medium-sized enterprises—to invest in research, exploration, and mining projects. The meeting also explored opportunities to promote Egyptian mining investments, enhance the presence of Australian companies, and create opportunities for joint ventures, while continuing bilateral coordination to expand cooperation in Egypt’s mining sector.
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