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2026-11-14T12:33:46.000Z

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Egypt’s Gold Economy Push

Egypt’s Gold Economy Push

Egypt is considering formalizing the work of *dahaba*—informal gold miners—and integrating them into a specialized company under the umbrella of the Future of Egypt Authority. The company would organize prospecting, assign work to local miners, and issue them licenses, allowing the state to benefit from their experience while monitoring revenues. The move is part of efforts to increase gold production, which reached about 554,900 ounces in fiscal year 2024–2025, toward an annual target of 800,000 ounces. Experts have warned, however, that rudimentary mining is inefficient and wastes some of the ore, while the use of mercury causes environmental harm. The success of formalization will therefore depend on employing the miners through properly equipped companies and subjecting them to clear oversight and environmental requirements.

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