Our Industries
Mining and Petroleum
Brief
Egypt is well positioned to serve as a hub for trade in a variety of industries, and its significant oil and gas reserves, combined with initiatives to modernize the sector and attract investment, might position it as a regional energy leader. Despite contributing only about 0.5% of the nation’s GDP, the mining sector is expected to be one of the most strategically significant and fastest–growing industries of the coming decade given recent public policy priorities. Under
Egypt’s comprehensive development plan through 2030, 42 initiatives have been put in place to attract greater mining investment according to the ministry of petroleum and mineral resources.
Nonetheless, the industry is facing serious challenges being driven by climate change. There are calls for more tighter regulations and increased scrutiny of the effects of investments on environment, society, and governance (ESG). While regulation continues to be crucial to the growth of the energy sector, it is unclear where government policy will go in the future and when disruptive technologies will emerge.
