Egypt is ambitiously aiming to join the ranks of the world’s top 20 gold exporters by 2025, as highlighted by Ehab Wasif, head of the gold and jewelry industry division at the Federation of Egyptian Industries (FEI). With more than 270 gold sites, including about 120 with historical significance, Egypt is drawing on its rich mining heritage and abundant mineral reserves to reach this target. The Sukari mine in the Eastern Desert stands out as a key player, contributing significantly to the nation’s annual gold production of 15.8 tons.
To achieve its ambitious goals, Egypt is modernizing its mining sector with regulatory reforms that promote royalties and leases, designed to attract foreign investments. The Egyptian Mineral Resources Authority (EMRA) has initiated international bid rounds to bring in leading global mining companies. According to exclusive sources, several businessmen and investors are keen to explore numerous sites. Gold remains a vital economic component, acting as a major export and a safeguard against economic fluctuations. Initiatives like the Golden Triangle free economic zone and updated legislative frameworks are set to enhance Egypt’s mining potential, aligning with its Vision 2030 and offering promising avenues for economic growth and international investment.