In a strategic initiative to modernize its mining sector, Egypt will launch a Digital Mining Platform in early 2025, as announced by Minister of Petroleum and Mineral Resources, Karim Badawi. This platform aims to streamline operations and attract both local and international investors, aligning with Egypt’s broader strategy to elevate the mining sector’s GDP contribution from 1% to between 5% and 6%.
A key component of this effort is a global tender issued by the Egyptian Mineral Resources Authority, inviting investors to explore the potential of valuable resources such as kaolin sand and glass sand. Running from December 18, 2024, to February 13, 2025, this tender is designed to unlock opportunities for resource exploration and development. Kaolin sand, crucial for industries such as paper, ceramics, and cosmetics, and glass sand, essential for glass manufacturing, are in high demand globally.
The Digital Mining Platform will offer real-time data access and efficient licensing processes, enhancing Egypt’s appeal as a destination for mining investments. This initiative, alongside the transformation of the Mineral Resources Authority into an economic entity, underscores Egypt’s commitment to creating a competitive and investor-friendly mining environment. These steps are poised to position Egypt as a leader in the mining industry’s digital transformation, promising significant growth and development.