MP Mohamed Abou El-Enein During His Participation in the Industry Committee Meeting in the Presence of the Minister of Petroleum: Mining Opportunities Must Be Promoted in the Same Way as Petroleum Exploration Areas

MP Mohamed Abou El-Enein, a member of the Industry Committee in the House of Representatives, praised the efforts of the Ministry of Petroleum and Mineral Resources in managing the energy and investment portfolios, calling for building on current successes and transforming regional challenges into economic and investment opportunities that enhance Egypt’s regional and international standing.

Speaking during an Industry Committee meeting attended by Eng. Karim Badawi, Minister of Petroleum and Mineral Resources, Abou El-Enein stated that Egypt possesses a unique geographical location and strong infrastructure that qualify it to become a global hub for logistics services and energy. He stressed the importance of drawing lessons from recent crises and conflicts to develop proactive plans that ensure the continuity of supply chains and trade flows.

Research and Technological Projects

The MP questioned the outcomes and tangible results of the research and technological projects that are frequently announced, emphasizing the need to assess their economic and industrial impact rather than merely promoting them without monitoring their actual results on the ground.

He also called for the preparation of a comprehensive investment map for mining opportunities and strategic mineral resources, similar to the approach used in the petroleum sector to market exploration and concession areas. Such a map, he said, would help investors identify available opportunities and understand investment mechanisms.

Abou El-Enein underscored the importance of expanding value-added projects and maximizing the utilization of Egypt’s mineral wealth, while also strengthening cooperation with international financing institutions to secure the funding required for new projects and attract additional local and foreign investments.

He further noted that conferences and promotional events are important steps, but they must be accompanied by a clear and well-defined presentation of executable investment opportunities capable of generating tangible economic returns, supporting industry, and increasing exports.