Arab FinanceEngineer Karim Badawy, Minister of Petroleum and Mineral Resources, received a delegation from the Mining Committee of the American Chamber of Commerce in Egypt, which included Dr. Mohamed Zahir, Chairman of Rail Mining Service Company, Sherif Barakat, Director of Aton Resources Company, Mustafa El-Gabaly, Executive Director of Abu Zaabal Fertilizers Company, and Ahmed Ali Wafik, President of Saint-Gobain Glass Company. Sylvia Menassa, Executive Director of the Chamber in Cairo, and Dina Nawar, Deputy Executive Director, in the presence of Engineer Moataz Atef Rais. Central Administration of the Technical Office and Office Affairs of the Minister of Petroleum and Mineral Resources and the official spokesman for the Ministry.
Badawi explained the importance of the mining sector, and discussed ways to create and provide an attractive climate for the private sector to enter into mining projects and complementary industries that are based on mineral wealth, pointing out the important role of the Chamber in this regard and the possibility of benefiting from it in transferring successful experiences in other countries. He added that it was also discussed. How to benefit from training programs and exploit capabilities in this sector, which has promising investment opportunities that require everyone to come together to achieve common interests.
The Chamber of Mining delegation reviewed its role in encouraging investments in the mining sector in Egypt, not only in gold but in various minerals, and supporting the Ministry of Petroleum and Mineral Resources in transforming the Mineral Resources Authority into an economic body. They added that there is cooperation with large mining companies in order to invest in this sector. Promising, the delegation explained that Egypt has great potential in research and exploration activities for gold and minerals, and that there are great opportunities for growth and a desire to expand mining activities, and that Egypt is rich in phosphates, which provides opportunities to establish… Projects based on it to produce phosphate fertilizers.
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