Egypt Fast-Tracks Mining Sector Expansion Strategy

Egypt is advancing the development of its mining sector through a strategy aimed at increasing the industry’s contribution to GDP to 6% by 2030.

• Main action: Egypt is promoting an investor-friendly mining expansion strategy with intensified exploration and production via partnerships (e.g., AngloGold Ashanti, Nubia Mines Company, Aton Resources), targeting 800,000 ounces of annual gold production by 2030, a $658 million phosphoric acid complex with China’s Asia Potash in New Valley (expected 900,000 tons/year fertilizer output), and a July 2025 agreement between Egyptian Mineral Resources Company and EK Mining Company to develop mineral beneficiation industrial operations.
• Background and additional details: The 2024–2030 Economic Strategy aims to raise local content to 60%–80% in manufacturing and mining via collaborations with Centamin and the General Union of Mines and Quarries; Egypt is pursuing regional and international cooperation (including BRICS, China, Saudi Arabia’s Al-Haitham Mining Company, and South African partners) to establish a joint geological platform and scale infrastructure, exploration, and cross-border mineral trade.