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Al-Mudaifer: Egypt Poised to Become a Global Gold Hub, Regional Cooperation Offers Promising Prospects

Waleed Farouk 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. 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 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 Videos & Features Video: Trending Lifestyle TikToker Valeria Márquez Shot Dead during Live Stream Technology 50-Year Soviet Spacecraft 'Kosmos 482' Crashes into Indian Ocean