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بوابة الشروق
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2026-11-08T16:45:48.000Z

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Mining GDP share to 6%

Mining GDP share to 6%

Egyptian Minister of Petroleum and Mineral Resources Karim Badawi said the country aims to increase mining’s contribution to GDP to around 6%, from less than 1% currently, by developing the Mineral Resources Authority, attracting investment and boosting production. He explained that halting exports of raw phosphate is intended to expand downstream industries and maximize value added, noting strong interest in exploration opportunities under the open-area system. He added that the ministry is working to update regulations, improve the business environment and enhance conditions for Authority employees.

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