Thursday 27/November/2025 – 11:57 AM
Engineer Karim Badawy, Minister of Petroleum and Mineral Resources, held, during his official visit to the city of Perth in Western Australia, an extensive meeting with the executive directors of about 13 companies operating in the mining sector in Australia, as part of the ministry’s strategy to promote investment in the Egyptian mining sector.
The Minister of Petroleum and Mineral Resources holds an expanded meeting with Australian mining companies
During the meeting, which was attended by geologist Yasser Ramadan, head of the Mineral Resources and Mining Industries Authority, the minister conducted an open dialogue with company officials, during which he stressed Egypt’s keenness to continue reducing investment risks for emerging and medium-sized mining companies, explaining that the ingredients for success are available in Egypt through a geological nature rich in minerals, a strong infrastructure, and diverse energy sources, and in parallel, work is underway at a rapid pace on measures to create an attractive environment for investment.
The Minister explained that Egypt is proceeding at a rapid pace in implementing comprehensive reforms aimed at attracting and facilitating mining investment and improving competitiveness, as it has already completed the development of mining legislation, the transformation of the Mineral Resources Authority and the Mining Industries Authority into an economic body, and the application of contractual models that are more attractive to investment, in addition to incentive measures, and the simplification and speed of procedures for companies that wish to invest, stressing that dialogue with investors and listening to their comments has strongly contributed to the development of practical procedures that are compatible with global investment requirements.
The Minister praised the visit of the Australian investor delegation to Cairo at the beginning of this month, and the rapid steps taken in terms of enhancing investment cooperation with Australia, stressing that Egypt is looking forward to flows of Australian investments in the field of mining, and is working to create a favorable environment and attractive systems for these investments.
For their part, directors of Australian companies expressed their positive impressions regarding the seriousness and positive steps they saw on the ground in attracting foreign investments and creating a business environment in the Egyptian mining sector, noting that their participation in the mining conference in Perth last September, and their subsequent visit to Egypt, showed them tangible progress in reducing investment risks and implementing important reforms, thus enhancing their confidence in the mining opportunities that exist in Egypt, which is rich in gold resources and many mineral ores.
