June 16, 2025
By Minener Staff
In a move to enhance Egypt’s position as a regional hub for mineral processing and green energy, Minister of Petroleum and Mineral Resources Karim Badawi met with Ahmed El Sewedy, CEO of Elsewedy Electric, to discuss expanded cooperation across petroleum, mineral resources, petrochemicals, and renewable energy sectors.
Minister Badawi outlined the six foundational pillars of the Ministry’s strategic vision, which include unlocking investment opportunities within the petroleum and rapidly expanding mining sectors. A key element of this strategy is the transformation of the Egyptian Mineral Resources Authority (EMRA) into a new entity—the Mineral Resources and Mining Industries Authority—designed to function as an economic body with improved institutional efficiency and stronger alignment with investor expectations.
“This institutional shift will enable us to attract both domestic and foreign capital into the sector,” said Badawi. “We aim to create added-value supply chains by processing local mineral wealth and imported raw materials from across Africa.”
Ahmed El Sewedy expressed Elsewedy Group’s firm interest in investing in strategic minerals such as phosphate and kaolin, particularly through value-added downstream industries. With operations in over 40 countries, Elsewedy Electric plans to further expand its presence in Egypt’s mining, green energy, petroleum exploration, and petrochemical sectors.
The high-level meeting was also attended by: Samir Raslan, Undersecretary of the Ministry for Exploration and Agreements Yasser Ramadan, Chairman of EMRA Mohamed Radwan, Director of the Egypt Upstream Gateway and Vice President of Agreements and Exploration at Ganoub El Wadi Holding Company for Petroleum
These developments mark a significant step toward building a diversified and sustainable resource-based economy in Egypt, in line with global energy transition goals.