• About us
  • Advertise
  • Contact
  • Nominate
  • Client’s Voice
  • Login
  • Register
📖 Magazine
The Global Economics
  • Home
  • Banking
  • Non Banking
  • Markets
  • Infrastructure
  • Lifestyle
  • FeatureNew
  • Awards
No Result
View All Result
  • Home
  • Banking
  • Non Banking
  • Markets
  • Infrastructure
  • Lifestyle
  • FeatureNew
  • Awards
No Result
View All Result
The Global Economics
No Result
View All Result
Home Middle East

Egypt Strikes Gold as its Revenue Boosted by 131% to Over $446 Million Through Mineral Exploration Deals

The Global Economics by The Global Economics
July 17, 2025
in Middle East, Economy
Reading Time: 3 mins read
0
Egypt Strikes Gold as its Revenue Boosted by 131% to Over $446 Million Through Mineral Exploration Deals

Egypt Strikes Gold as its Revenue Boosted by 131% to Over $446 Million Through Mineral Exploration Deals

26
SHARES
144
VIEWS
FacebookTwitterRedditWhatsAppLinkedInFacebook

Egypt is a country that stands out for its vast infrastructure and unmatched strategic location, with abundant mineral resources, including gold, copper, silver, zinc, platinum, and a wide variety of other precious and basic metals.

Egypt’s income from mineral wealth development increased by 131% annually to over $446 million in fiscal year 2024-2025, thanks to strong growth in gold and silver production.

Minister of Petroleum and Mineral Resources Karim Badawi spoke at the Egypt Mining Forum 2025. He claimed that the production of gold and silver reached 640,000 ounces during the year, up 14% from the previous year, and generated $1.54 billion in sales, an increase of 57%.

He added that the improvement was due to greater export performance and increased production volumes.

Under the Vision 2030 program, the mining industry is undergoing a significant conversion as the government aims to establish it as a regional hub for mineral discovery and increase its gross domestic product (GDP) through environmentally conscious and sustainable practices.

Egypt is a country that stands out for its vast infrastructure and unmatched strategic location. Badawi stated that the nation has abundant mineral resources, including gold, copper, silver, zinc, platinum, and a wide variety of other precious and basic metals.

He continued that the Egyptian government’s economic reform program supports the vast potential, which aims to achieve financial stability, attract investments, and make its market attractive. It will help solidify Egypt’s position as a unique and remarkable destination for international investors. It will help place the country on the global mining investment map in line with the Sustainable Development Strategy.

Egypt’s Sustainable Development Strategy is also called Egypt Vision 2030. It is an all-around national plan aligned with the United Nations’ Sustainable Development Goals (SDGs). The goal of the plan was to create a thriving and noble life for its residents through economic, social, and environmental development. The strategy emphasizes inclusive growth, social justice, and environmental sustainability by focusing on economic diversification, human capital growth, and institutional reform.

The private sector helps the nation to upgrade its economic conditions. Its working age population has been increasing by an average of 1.2 million people every year for the past five years. Private sector companies help in job creation in the country. They help in innovation and productivity growth. Private investment contribution in the country has grown 6.3% of gross domestic product over the last ten years, which is only one-fifth of what middle-income nations typically invest.

The minister stated that ore and mineral production increased to 26 million tonnes, a 39% increase over the previous year. The country exported 1.4 million tonnes of mining goods and ores, bringing in sales worth $52.5 million in 2024-2025.

The minister signed two deals with significant global mining companies during the meeting to support the exploration activities.

The initial agreement is a licensing agreement for gold exploration and related minerals in the country. Egypt’s State Information Service claims that the Egyptian Mineral Resources Authority (EMRA), the Ministry of Petroleum and Mineral Resources, and a South African-based company, Centamin Central, a division of AngloGold Ashanti, also signed a licensing contract for exploring gold and related minerals.

A massive Canadian mining company, Barrick, signed the second deal. It aims to open the doors for more exploration and collaboration in the country.

According to Badawi, this step highlights that the state’s policy has been successful in generating foreign investment. It also reflects its strong desire to bring in foreign companies to increase their investments in Egypt’s mining industry. It also serves as global evidence of the confidence of major international companies in Egypt’s investment climate.

Tags: egyptgdpgold miningVision 2030
The Global Economics

The Global Economics

Related Posts

Fibra Next Makes its Largest Mexican Debut in 7 Years With $431 million IPO
Markets

Fibra Next Makes its Largest Mexican Debut in 7 Years With $431 million IPO

by The Global Economics
July 24, 2025
LSEG Weighs 24-Hour Trading to Close the Gap with Global Markets
Markets

LSEG Weighs 24-Hour Trading to Close the Gap with Global Markets

by The Global Economics
July 22, 2025
China Plans $167 Billion Mega Dam Project to Reach Its Zero Emission Goal Despite Objections
Infrastructure

China Plans $167 Billion Mega Dam Project to Reach Its Zero Emission Goal Despite Objections

by The Global Economics
July 21, 2025
Indonesia Tightens Monitoring of "High Risks, High Return" China-Funded Projects
Economy

Indonesia Tightens Monitoring of “High Risks, High Return” China-Funded Projects

by The Global Economics
July 16, 2025
Nigerian Stocks Set New Record Driven By Economic Optimism
Markets

Nigerian Stocks Set New Record Driven By Economic Optimism

by The Global Economics
July 15, 2025
Twitter Youtube LinkedIn Soundcloud
the global economics logo

The Global Economics Limited is a UK based financial publication and a Bi-Monthly business magazine giving thoughtful insights into the financial sectors on various industries across the world. Our highlight is the prestigious country specific Annual Global Economics awards program where the best performers in various financial sectors are identified worldwide and honoured.

DMCA.com Protection Status

  • Privacy
  • Legal
  • Terms of Use
  • Client’s Voice
  • Server Status

norton verified - the global economics

Latest Posts

Alibaba Makes $53 Billion Investment for China’s Biggest AI Infrastructure Project

Alibaba Makes $53 Billion Investment for China’s Biggest AI Infrastructure Project

July 28, 2025
Samsung Strikes Back as it Regains its Top Position in the South Korean Stock Market

Samsung Strikes Back as it Regains its Top Position in the South Korean Stock Market

July 25, 2025
Fibra Next Makes its Largest Mexican Debut in 7 Years With $431 million IPO

Fibra Next Makes its Largest Mexican Debut in 7 Years With $431 million IPO

July 24, 2025
Download The Global Economics PWA to your mobile or Desktop
PWA App Download
Download The Global Economics Android App to your mobile or Desktop
Android App
Download The Global Economics IOS App to your mobile or Desktop
IOS App

All Rights Reserved © 2020 | 🇬🇧 The Global Economics, Business Finance Publication - www.theglobaleconomics.uk 🌏

Welcome Back!

Sign In with Facebook
Sign In with Linked In
OR

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Sign Up with Facebook
Sign Up with Linked In
OR

Fill the forms below to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • About us
  • Awards
  • Magazine
  • Client’s Voice
  • Exclusive Coverage
  • Nominate
  • Login
  • Sign Up

All Rights Reserved © 2020 | 🇬🇧 The Global Economics, Business Finance Publication - www.theglobaleconomics.uk 🌏

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Go to mobile version