Egypt's Minister of Petroleum Karim Badawy held a wide-ranging meeting with chief executives from 13 Australian mining companies on Thursday, emphasising the country's rapid progress in reducing investment risks and advancing sector reforms. The session, attended by Yasser Ramadan, Chairman of the Egyptian Mineral Resources Authority (EMRA), featured an open discussion in which Badawy highlighted Egypt's commitment to easing barriers for emerging and mid-sized mining companies. He pointed to the country's mineral-rich geology, strong infrastructure, and diverse energy resources as key drivers for investment, while noting that parallel reforms are underway to make the sector more competitive and investor-friendly. Badawy outlined Egypt's ongoing reforms, including revisions to mining legislation, the transformation of EMRA into an economic authority, the introduction of more attractive contractual models, and incentive measures paired with simplified and accelerated procedures for investors. He said ongoing dialogue with investors has helped shape practical policies aligned with global best practices. Executives from the Australian companies expressed strong interest in Egypt's investment climate and praised the government's efforts to enhance opportunities in the mining sector. Attribution: Amwal Al Ghad English Subediting: Y.Yasser
