Egypt Mining Sector Expansion Gains Momentum with EBRD Partnership

RIYADH — Egypt has signed a memorandum of understanding with the European Bank for Reconstruction and Development to accelerate development of its mining sector, which currently contributes only about 1% to national GDP.

The government aims to raise that share to 5‑6% in the medium term by improving the investment climate and unlocking substantial untapped mineral reserves. The partnership will focus on aligning legal frameworks with global best practices, studying incentives for mining companies, and supporting digital transformation.

Petroleum Minister Karim Badawi called the timing significant ahead of the Egyptian Mining Forum in September. EBRD’s Mark Davis said working groups have already begun identifying pilot projects and testing new technologies.

Egypt is pursuing regulatory reforms to attract foreign direct investment and position mining as a key economic pillar.

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