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Egypt to launch comprehensive airborne mineral survey in June
via Egypt Today2 min read
Egypt will initiate a comprehensive airborne geophysical survey for minerals in June, marking the first such project since 1984, according to Minister of Petroleum and Mineral Resources Karim Badawi. Speaking at the OECD Critical Minerals Forum in Istanbul, Badawi detailed Egypt's strategy to enhance its mining sector's contribution to GDP from under 1% to approximately 6%. He emphasized the importance of accurate geological data for attracting investment and accelerating decisions. Badawi highlighted Egypt's rich mineral geology, promising extensions of mineral formations with neighboring countries, and advanced infrastructure as key assets. He also noted the role of diverse energy resources and expanding renewable energy capacity in supporting mining and industrial development. The minister stated that Egypt is updating legislative and contractual frameworks, adopting global best practices, and offering incentives to create a more attractive investment environment. He stressed the need for cooperation among governments, the private sector, and industrial institutions to leverage advanced technologies and artificial intelligence for resource identification, risk reduction, and accelerated exploration. Badawi called for broader collaboration to develop innovative commercial models for large-scale mineral exploitation and support downstream industries.
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This summary was AI-generated from a story originally published by Egypt Today.
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