3 Days
Source:
المصري اليوم
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Source: المصري اليوم
3 Daysالمصري اليوم
Source: المصري اليوم
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Egypt, in cooperation with the World Bank Group, has launched a mining development charter aimed at increasing the sector’s contribution to GDP from less than 1% currently to 6% by 2030, and raising exports to $9.8 billion by 2040. The World Bank plans to increase its global mining financing fivefold, from $3.6 billion in 2021–2025 to $19 billion in 2026–2030, through financing, private investment, and risk guarantees. This amount is not earmarked for Egypt alone. The plan includes reforming legislation, improving geological data, digitizing licensing, and establishing mineral-processing centers. Progress will be tracked through new licenses and the start of production at the Abu Tartour phosphate project in 2028.
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