Ahmad 
The Egyptian Ministry of Petroleum and Mineral Resources intends to establish a complex for extracting minerals, most notably gold and silver, with investments amounting to about 700 million pounds in Aswan, divided into two phases.
Government sources reported that the” Shalateen Mineral Resources” Company, which owns the project, will manage the complex’s investments and plans to pump them in two phases ending in May 2026.
The “Gas Egypt” Company is implementing the first phase of the project, as the company received the complex’s land and began implementing the surveying works, which will be followed by implementing the foundations and infrastructure works, with the first phase expected to be completed in the second quarter of 2025.
The Egyptian government seeks to increase the mining sector’s contribution to the national product to 5% instead of less than 1% currently. The first phase of the project aims to operate 56 factories, with the number increasing to more than 112 factories by the end of the second phase.
The project aims to regulate random mining by opening legal channels to extract mineral resources in southern Egypt, which will raise extraction rates to between 70 and 80% of raw materials.
The Ministry of Petroleum and Mineral Resources is working on implementing a strategic plan to expand the establishment of mining industry complexes, including a complex in the Shalateen area in the Red Sea to extract gold, as the project is still in the preparation and land selection phase.
The Ministry of Petroleum and Mineral Resources confirmed, through the Egypt Mining Forum (EMF), that Egypt has a confirmed gold reserve of about 7.3 million ounces and plans to increase production to 800,000 ounces of gold and 30 million tons of other minerals by 2030.
The sector is working in cooperation with various ministries and government agencies to implement a regulatory framework to provide an attractive investment climate, and enhance the speed of decision-making and investment, with the support of the Egypt Mining Portal as a digital investment platform expected to launch by the end of this year.
Egypt discusses a new reform package with the European Union at the Cairo conference