Egyptian Prime Minister Mustafa Madbouli met with Petroleum and Mineral Wealth Minister Karim Badawi on Sunday, November 1, 2026, to review the latest developments in the mining sector and the outcomes of the Egypt Mining Forum. The meeting aimed to follow up on the implementation of the ministry's strategy to develop the sector.
During the meeting, Madbouli emphasized the importance of continuing to develop the mining sector, which is considered one of the promising sectors that have great opportunities to support the national economy. The sector can increase its contribution to the GDP and attract more local and foreign investments.
Minister Karim Badawi presented an overview of the mining sector's activities and efforts to implement the ministry's strategy. The strategy focuses on creating a favorable investment climate, updating regulatory frameworks, and facilitating licensing procedures. The ministry also aims to enhance exploration and encourage the establishment of projects that manufacture mineral products locally.
The meeting also discussed the outcomes of the Egypt Mining Forum, which provided opportunities to enhance cooperation with major international companies and specialized institutions. The forum facilitated discussions on available investment opportunities in various mining activities. The parties reviewed understandings and negotiations on investment opportunities.
The meeting highlighted the importance of building on the forum's results and continuing communication with participating companies and investors. The goal is to address any challenges that may face the implementation of targeted projects, enhancing the competitiveness of the Egyptian mining sector. Egypt aims to establish itself as an attractive investment destination in this field.
Prime Minister Madbouli directed the need for continued and enhanced coordination between the Ministry of Petroleum and Mineral Wealth and concerned parties. The goal is to follow up on the implementation of mining sector development objectives and translate investment opportunities and forum recommendations into executive steps and concrete projects.
The Prime Minister's directives also included the need for periodic follow-up on implementation rates to maximize benefits from Egypt's mineral wealth. The meeting concluded with a shared commitment to advancing the mining sector, a key area for Egypt's economic growth and development.
Key points
- Egypt's Prime Minister Mustafa Madbouli reviews mining sector developments with Petroleum Minister Karim Badawi.
- The meeting discusses outcomes of the Egypt Mining Forum and strategies to develop the sector.
- Egypt aims to enhance its mining sector to attract more investments and support economic growth.
