(3 Minutes Read)
Egyptian Minister of Petroleum and Mineral Resources Karim Badawi announced the resumption of development activities in the Zohr Gas Field. Two new development wells will be drilled this month.
The minister also unveiled plans to launch the Mineral Resources Digital Portal and open new mining areas for investment in 2025. These initiatives aim to attract substantial investments to Egypt’s energy and mining sectors and bolster their role in the national economy.
Badawi emphasized the ministry’s comprehensive strategy, which focuses on addressing current challenges while building on past achievements.
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Highlighting Egypt’s wealth of mining resources, Badawi pointed to significant geological reserves of minerals and raw materials. Key mining areas include the northern and southern regions, the Eastern Desert, and the Sinai Peninsula, which are abundant in phosphate, iron, lead, zinc, sulfur, kaolin, and coal. He noted that 150 mining companies are currently operating in Egypt, including eight international firms specializing in gold exploration and exploitation.
