Tuesday 10/February/2026 – 06:08 PM
It was held today at the Ministry’s headquarters petroleum And mineral resources, an expanded round table meeting for investment and financing in the petroleum sector, with the participation of Engineer Karim Badawy, Minister of Petroleum and Mineral Resources, Dr. Ahmed Kjouk, Minister of Finance, and Engineer Hassan Al-Khatib, Minister of Investment, and in the presence of an elite group of financial institutions and international investment banks.
The Ministers of Petroleum, Finance and Investment hold a meeting with financial institutions and investment banks
The meeting aims to review the available opportunities, incentives and reforms implemented in the petroleum and mining sector to open paths of cooperation with financial and financing institutions, whether by providing the necessary funding to accelerate the implementation of projects, or through direct investment in priority opportunities, in a way that maximizes investment attraction.
The Minister of Petroleum and Mineral Resources explained that the Ministry is working to stimulate investors through new investment models and incentives directed to attract the private sector, integrate it further, and increase its investment contribution, stressing full commitment to existing investment models for current projects.
The Minister stressed the continued commitment to paying monthly dues to investment partners, in parallel with reducing previous arrears until they are completely ended, in a way that supports the stability of the investment environment and enhances the confidence of the partners, especially with their return to pumping greater investments in the fields of research, exploration and production of gas and oil.
He added that the Ministry is working in cooperation with its partners to maximize research and exploration operations in order to add new oil and gas resources as an engine for development and a support for the Egyptian economy, pointing out that the sector has faced challenges during the past period, but it has succeeded in stopping the decline in production.
The Minister also reviewed the elements of attracting investment in the Egyptian petroleum sector, including the unique and distinguished infrastructure that supports Egypt’s role as a regional center for energy and gas trading and trading, stressing work on optimal exploitation of this infrastructure.
He also stressed the sector’s readiness to expand into value-added industries such as petrochemicals and fertilizers, and to maximize the quantities of gas directed to these industries to transform it into a higher economic value, by increasing reliance on renewable energy in generating electricity, allowing the gas to be directed to more valuable uses. He stressed the great interest and support that the political leadership gives to the file of attracting investors and stressing the need for continuous follow-up and reviews to overcome the challenges facing investment and its support for expansion plans in value-added industries.
Al-Waziz continued: Egypt is prepared to manufacture green hydrogen in light of the availability of the components, including appropriate infrastructure.
In another context, the minister referred to regional cooperation with Cyprus and investment partners in the two countries to connect Cypriot fields with Egypt, maximize benefit from Egyptian infrastructure, and achieve the maximum return from it.
Regarding the mining sector, the Minister stressed the importance of integrating this sector into the supply chains of vital minerals necessary for energy transformation technology.
The Minister pointed out the focus on qualified human resources with accumulated experience as the most important components of success in all the activities reviewed.
For his part, Ahmed Kouchouk, Minister of Finance, confirmed that the ministry’s policy stimulates economic activity and drives the growth of the private sector in production and export, pointing to the achievement of remarkable growth in the productive, industrial, tourism, communications and information technology sectors, in a way that was reflected in a strong return to economic growth rates to reach 5.3% during the first quarter of the current fiscal year.
The minister added that the 40% increase in private investments during the “first quarter” reflects investors’ confidence in the Egyptian economy, explaining that we are working to build a trust partnership with financiers with tax services that encourage voluntary compliance and preserve the rights of all parties, through many tax facilitation packages.
