Al-Mudaifer: Egypt Poised to Become a Global Gold Hub, Regional Cooperation Offers Promising Prospects
Khaled Al-Mudaifer, Saudi Arabia's Vice Minister of Industry and Mineral Resources, affirmed that Egypt possesses immense natural potential that qualifies it to become one of the most promising mining regions in the world, particularly in terms of its gold reserves and other mineral resources.
He noted that Egypt's gold sector is still in its early stages, but holds significant potential for growth and development in the coming years.
Al-Mudaifer also highlighted the strategic importance of the Arabian-Nubian Shield as one of the region's most promising geological formations. He emphasized the strong geological similarities between Saudi Arabia and Egypt, which could pave the way for major future mineral discoveries.
He further pointed to genuine opportunities for enhancing regional cooperation between Egypt, Saudi Arabia, and Jordan in the mining sector, which would support the integrated development and optimal utilization of mineral resources across the region.
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