Egypt Daily News – The establishment of a mineral extraction complex in Aswan marks a pivotal development for Egypt’s mining sector, particularly in the context of valuable resources such as gold and silver.
The project, backed by a substantial investment of 700 million pounds, will be overseen by the Shalatin Mineral Resources Company and is structured in two phases, expected to extend through May 2026.
Currently in the construction phase, the Egypt Gas Company has been tasked with completing the first stage by the second quarter of 2025.
This phase will launch operations in 56 factories, with a plan to expand to over 112 factories by the end of the second phase.
Minister of Petroleum and Mineral Resources, Karim Badawi, underscored the government’s dedication to enhancing the mining sector’s value and increasing its economic contributions while overcoming investment hurdles.
He highlighted the government’s proactive efforts to unlock Egypt’s mining potential in alignment with sustainable development goals, ensuring environmental protection and fostering stakeholder collaboration.
Minister Badawi also noted Egypt’s abundant mining resources coupled with its strong infrastructure, which includes new road networks.
These factors collectively position Egypt as an attractive hub for investment in the mining sector. The initiative aims not only to stimulate economic growth but also to guarantee that community interests and environmental considerations are prioritized throughout the project’s execution.
