Egypt signs a World Bank charter to grow mining to 6% of GDP
Better geological data, digital systems and processing centres are part of the plan, as the World Bank lifts mining support fivefold.
Cairo — Egypt's Ministry of Petroleum and Mineral Resources and the World Bank Group have launched a partnership and a national charter to develop the country's mining sector, with the goal of raising mining's contribution to GDP to 6%.
The plan
- Legislative and tax reforms, begun over the past two years
- Better geological data to attract investors
- Digital systems and mineral processing centres
The World Bank and the European Bank for Reconstruction and Development will work together on governance, skills and investment. Egypt is one of eight countries in the World Bank initiative.
Minister Karim Badawi said Egypt wants a sustainable, competitive mining industry with a prominent place on the regional and international investment map.
Namrata Thapar, the World Bank's global director for minerals and mining, praised the reforms and the clear national vision she saw at the recent Egypt Mining Forum in Cairo. Worldwide, the World Bank plans to raise its support for mining fivefold, to $19 billion over 2026–2030.
Source: Daily News Egypt, 25 October 2026.
