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Karim Badawi Cites Investment Shortfall in Oil and Targets 6% Mining GDP
The article focused on Egypt's efforts to strengthen the energy and mining sectors. Petroleum Minister Kareem Bedewe emphasized that the decline in oil and gas production is due to insufficient investment, stressing the importance of collaborating with partners and increasing investments to restore production levels. He also mentioned that the current contribution of the mining sector is less than 1%, but plans are underway to raise it to 6% of the gross domestic product by providing a favorable legislative environment and attracting investments to enhance added value and promote national industries in Egypt.
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