Developing Mineral Wealth in The Egyptian Economy in Light of Attracting Foreign Direct Investment and Its Impact on Improving Long-Term Financing Tools (Study Of Gold Mining)

Abstract

The study aims to determine the impact of foreign direct investment on improving long-term financing tools with the aim of developing mineral wealth and the Egyptian economy by applying it to gold mines in Egypt, and also clarifying the concept of foreign direct investment and the extent of its ability to improve long-term financing tools and achieve development of mineral wealth and also the Egyptian economy. Below is a presentation of the most important results: (1) 1) The results of testing the first sub-hypothesis indicate, “There is a positive relationship between foreign direct investment variables and the volume of business of national or foreign drilling companies operating in the country.” (2) The variables of foreign direct investment (the number of licenses issued for exploration annually – the added licensed area – the total investments spent in annual exploration operations – the total tax collections for companies working in the production of gold from mines in Egypt – the total royalty collected from the Central Bank from companies producing gold from Egyptian mines) affect Positive impact on the variables of the dependent variable, long-term financing instruments, which are (the volume of business of national or foreign drilling companies operating in the country – the volume of business of aerial survey companies – the number of newly added mines – the volume of mine production newly added annually to the service) Keywords: Mineral Wealth – The Egyptian Economy – Foreign Direct Investment – Long-Term Financing Tools