Thursday 27/November/2025 – 09:40 AM
Engineer Karim Badawy, Minister of Petroleum and Mineral Resources, began an official visit to the city of Perth in Western Australia, one of the most important centers of the mining industry, as part of the ministry’s strategy to attract new partnerships and investments from Australian mining companies to work in Egypt, in light of the package of new reforms and incentives that were implemented to improve and create the investment climate in the mining sector.
The Minister of Petroleum visits Australia to discuss attracting new investments in the mining sector
At the beginning of the visit, during which he was accompanied by geologist Yasser Ramadan, Chairman of the Mineral Resources and Mining Industries Authority, the Minister held a discussion session with Mr. David Michael, Minister of Mines and Petroleum in the Government of Western Australia, where developments in ongoing cooperation between the two sides, the visit of a delegation of Australian investors to Cairo at the beginning of this month, and the new incentives scheduled to be announced to attract medium-sized mining companies that represent the backbone of the mining industry, were reviewed.
Engineer Karim Badawy, Minister of Petroleum and Mineral Resources, expressed his pride in building cooperative relations in the field of mining between the Egyptian mining sector and the responsible government institutions in Western Australia, appreciating the constructive steps that have been achieved within a short period in terms of attracting Australian mining investors to explore the opportunities available in Egypt and benefit from the new package of reforms and incentives, in addition to scientific cooperation and support for reaching agreements with major universities in Western Australia to implement specialized programs to build the capabilities of human cadres in the Egyptian mining sector.
The discussions discussed benefiting from Australian expertise and experience in a number of mining fields in Egypt, including developing the necessary legislation to encourage investment in maximizing the added value of raw materials through manufacturing projects.
Light was also shed on Australian best practices related to reducing investment risks and facilitating procedures, as well as financing mechanisms for mining companies, including the possibility of opening horizons of cooperation between Egypt and Australian financial institutions and benefiting from Australia’s partnerships with international financial institutions, led by the World Bank, which shows great interest in supporting mining investment in Egypt.
At the conclusion of the meeting, the two ministers stressed the importance of continuing cooperation and investing in the existing momentum in relations to transform it into joint mining projects and investments that bring mutual benefit to both sides.
