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Egypt, IFC to form joint teams to unlock mining investment opportunities
Aya Anwar Published in Amwal Al Ghad on 12 - 06 - 2025

Egypt and the International Finance Corporation (IFC) have agreed to form joint technical teams to identify priority mining projects for financing, aiming to boost international investment and support sustainable economic growth.
The agreement followed talks between Petroleum Minister Karim Badawi and IFC Regional Director Cheikh Oumar Seydi, where they discussed enhancing cooperation in mining project development.
Badawi reviewed key reforms, including turning the Egyptian Mineral Resources Authority into an independent entity and introducing a modern gold exploitation model, which has already attracted AngloGold Ashanti and Barrick Gold.
He also pointed to Egypt's potential as a regional hub for value-added industries through mineral processing.
Seydi praised Egypt's mineral wealth, strategic location, infrastructure, and low-cost energy, reaffirming the IFC's readiness to offer financial and technical support, particularly for clean energy-aligned, high-impact projects.
Attribution: Amwal Al Ghad English
Subediting: M. S. Salama

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