Latest news with #EgyptInternationalMiningForum
See - Sada Elbalad
18-07-2025
- Business
- See - Sada Elbalad
China's Kiping Solar Technology Plans Industrial Project in Egypt's SCZone
Taarek Refaat Kiping Solar Technology, a leading Chinese manufacturer of solar glass panels, is preparing to launch a major industrial project in Egypt's Suez Canal Economic Zone (SCZone), in a move that could significantly boost the country's green energy manufacturing sector. The announcement followed a high-level meeting held on the sidelines of the Egypt International Mining Forum between Egypt's Minister of Petroleum and Mineral Resources, Karim Badawi, and a delegation from Kiping Solar Technology. Discussions centered around the company's plan to establish a solar glass production facility within the SCZone. According to a statement released after the meeting, the Chinese company intends to capitalize on Egypt's strategic location, abundant raw materials, and robust infrastructure to support green industrial projects. 'The government fully supports serious investments that promote technology transfer, maximize local content, and generate employment,' said Minister Badawi. 'The mining sector is advancing toward increasing the added value of Egypt's mineral resources through industrialization.' The proposed project is expected to enhance local value chains, reduce dependence on imported components in Egypt's renewable energy sector, and create hundreds of jobs. Officials also discussed potential areas of cooperation between the company and the Egyptian Mineral Resources Authority (EMRA), particularly in aligning the initiative with Egypt's broader green energy and local industrialization strategies. read more CBE: Deposits in Local Currency Hit EGP 5.25 Trillion Morocco Plans to Spend $1 Billion to Mitigate Drought Effect Gov't Approves Final Version of State Ownership Policy Document Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister Qatar Agrees to Supply Germany with LNG for 15 Years Business Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves Business Suez Canal Records $704 Million, Historically Highest Monthly Revenue Business Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday Business Wheat delivery season commences on April 15 News Israeli-Linked Hadassah Clinic in Moscow Treats Wounded Iranian IRGC Fighters News China Launches Largest Ever Aircraft Carrier Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Arts & Culture South Korean Actress Kang Seo-ha Dies at 31 after Cancer Battle News "Tensions Escalate: Iran Probes Allegations of Indian Tech Collaboration with Israeli Intelligence" News Flights suspended at Port Sudan Airport after Drone Attacks Arts & Culture Hawass Foundation Launches 1st Course to Teach Ancient Egyptian Language Sports Get to Know 2025 WWE Evolution Results
Middle East
02-05-2025
- Business
- Middle East
Petroleum min. stresses importance of integrated action to advance mining sector
CAIRO, May 1 (MENA) - Minister of Petroleum and Mineral Resources Karim Badawi stressed the importance of integrated action in bringing about momentum leap in mineral wealth sector to achieve the goal of the State and the ministry to up mining sector's contribution to the Gross Domestic Product (GDP) from 5.5% to 6% within the coming period. The minister of petroleum pointed out that the House of Representatives' recent approval of all articles of a draft law transforming the Mineral Resources Authority (EMRA) from a service body into an economic body under the name 'Mineral Wealth and Mining Industries Authority' is a solid start to lure investments in this vital sector. In a statement Thursday, the Ministry of Petroleum and Mineral Wealth said Badawi welcomed a delegation representing the General Trade Union of Mines, Quarries, Salinas and Energy Workers of Egypt (GTU MASEW), extending his greetings and appreciation to workers in the Egyptian mining sector on the occasion of Labor Day. He said human energy is the real wealth and the main driver for achieving the six basic axes of the ministry's current strategy, including developing a national strategy to localize mining industries, opening new horizons to attract investments, creating partnerships, and benefiting from Egypt's strategic location. He noted that Egypt's possession of robust infrastructure of ports, road networks, transportation and airports makes the country a regional hub for mining industries. Badawi invited members of the Union's delegation to participate in preparations for Egypt International Mining Forum, scheduled to be held in July, saying it is a good opportunity to promote available investment opportunities in the Egyptian mining sector. In this regard, the minister of petroleum called on the delegation to work out new and diverse proposals and ideas envisaging development of all mining activities and work on studying them during the conference activities. (MENA ) S A S/S R E
