Egypt will grow its mining sector

Abstract

Significance Egyptian state-owned mining company Shalateen will manage the bid round. Egypt wants to build on the success of earlier rounds for gold exploration that took place in 2020 and which attracted international investor interest. Impacts The government will leverage any international interest in the mining sector to signal investor confidence in its economy. Gulf Arab countries could increasingly substitute untied aid to Egypt with investments that promise solid returns. The military may disengage from the country’s key economic sectors very reluctantly, if at all.