EGYPT’S MINING BOOM POWERS ECONOMIC DIVERSIFICATION DRIVE WITH 131% REVENUE INCREASE

Egypt’s mining sector records a 131% revenue boost, driven by soaring gold and silver demand and key economic reforms under Vision 2030.

Mining boom Revenue increase Vision 2030 economic blueprint Gold production Economic growth. Egypt
Egypt Minister of Petroleum and Mineral Resources, Karim Badawi
Egypt Minister of Petroleum and Mineral Resources, Karim Badawi



Egypt’s mining sector is experiencing a golden revival, with revenues skyrocketing by 131% in the 2024/2025 fiscal year, reaching an impressive $446 million. This mining renaissance is being powered by surging international demand for precious metals, particularly gold and silver, positioning the country as a rising force on the global mining stage.

Minister of Petroleum and Mineral Resources, Karim Badawi, made the announcement during the Egypt Mining Forum in Cairo, where industry leaders and global investors gathered to assess the country’s resource potential.

Gold production has been a major catalyst, increasing by 14% to reach 640,000 ounces and generating a remarkable $1.54 billion in revenue. Egypt’s total ore production also rose by 39%, amounting to 26 million tonnes, signaling a broader revitalization of the extractive industries.

This strong growth is tightly woven into Egypt’s Vision 2030 economic blueprint, which identifies mining as a central pillar for national development. A wave of strategic reforms, including a progressive new mining law, foreign investment incentives, extensive geological surveys, and targeted skills training, has been crucial in unlocking this potential.

Much of Egypt’s current mining activity is focused on the Eastern Desert, especially around the prolific Sukari mine. But with momentum building and international interest intensifying, the government is setting its sights on transforming Egypt into a regional mining powerhouse.

The Cairo Mining Forum underscored growing investor confidence, as global stakeholders recognize Egypt’s vast, yet largely untapped, mineral wealth. As demand for gold and silver continues to surge, Egypt is steadily carving out its place in the new age of resource-driven economic growth.

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