Egypt's Petroleum Minister Karim Badawy is leading an Egyptian–British mining delegation to London this week to showcase new investment opportunities in the country's mineral sector, accompanied by Yasser Ramadan, head of the Egyptian Mineral Resources Authority (EMRA). The visit opened with a session titled Untapped Mining Opportunities and New Commercial Discoveries, attended by representatives from about 30 European mining companies, banks, financial institutions, and consultancies. Badawy told attendees that Egypt is seeking deeper partnerships with global investors and lenders as it pushes to unlock what he described as vast, underexplored mineral wealth. He said a new package of reforms aims to make the sector more competitive and more attractive to international capital. He outlined legislative changes that transform EMRA into an economic authority, streamline licensing, and introduce updated frameworks for gold exploration in line with international standards. The reforms also provide more balanced fiscal and tax incentives and include Egypt's first aerial geological survey in four decades to map potential deposits, including critical and rare minerals needed for the energy transition. Badawy also presented a new incentive package for mineral exploration, developed through investor consultations and global benchmarking. He said Egypt is ready to pursue strategic partnerships with domestic and foreign companies to build value-added mineral industries. He added that the country's mineral-rich geology, along with extensive transport and logistics infrastructure, offers flexibility for mining projects and supports expansion into processing and downstream industries. Attribution: Amwal Al Ghad English
