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Egypt revamps mining laws to unlock mineral wealth
Egypt is working on developing the mining sector in the Nubian Arabian Shield region to extensively exploit mineral and gold resources. The plan relies on modernizing infrastructure, which includes an extensive network of roads, railways, ports, and airports, as well as ensuring access to low-cost energy supplies to enhance operational efficiency and reduce costs. The sector comprises 163 companies, most of which are locally owned private companies accounting for 88.3%, along with foreign and international investments. Legislative adjustments are being made to improve the investment environment and to encourage small and medium-sized exploration and mining companies. The strategy focuses on linking mineral resources with export and transportation, aiming to attract more investments and strengthen the Egyptian economy by effectively and sustainably harnessing its natural resources.
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