Molla's Full Comments - Plan To Turn Egypt Into World Mining Hub9 Mar 2021 16:11
“In addition to financial indicators monitored by the international institutions, confirming Egypt’s success, such as levels of growth credit rating, and others Egypt’s state of recovery and economic strength, can be perceived by hundreds of major national projects as well as a continuation of the development boom, and the acceleration of production, that the country is witnessing the President and the government’s reform his long term vision embraces the integration, and the development of national production and development phase to allow the completion of a comprehensive program for building organization and launching market, and community stabilities,” the minister said in his speech titled “Steps towards putting Egypt on the global mining map”.
“In this same context, His Excellency President, President el Sisi as urged for upgrading the mining sector to increase its contribution to the national economy and the country’s economic and social development plans. Moreover, the president also directed towards the establishment of an integrated city for the manufacturing and trade of gold in the country, in accordance with the latest technologies in the field.”
“Egypt, as attractive geology, with a wide variety of minerals numerous exploration opportunities, and a large geological potential that is yet underexplored. These opportunities are backed up with many competitive advantages that vary from production factors to access to skilled labor with one of the lowest rates among gold mining countries. In addition to access to transportation infrastructure and to global shipping groups.”
“All these factors have encouraged us through the past couple of years to opt for a fundamental change from within our core practices to become a regional mining hub, through repositioning Egypt, on the wards mining investment back.”
http://www.mediaintoronto.com/egypt-aims-to-become-world-mining-hub-minister/
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