Egypt, World Bank discuss mining cooperation at Future Minerals Forum

Egypt’s Minister of Petroleum, Karim Badawi, met on Wednesday with Robert Schlotterer, Manager of Policy and Regulations at the World Bank. The meeting took place on the sidelines of the Future Minerals Forum 2026 in Riyadh.

The meeting focused on opportunities with the World Bank Group, including the International Finance Corporation (IFC) and the Multilateral Investment Guarantee Agency (MIGA), particularly in financing mining exploration, risk management, and boosting private sector participation.

Both sides stressed the development of geological databases, expansion of digital solutions and electronic licensing platforms, and promotion of sustainable mining practices through environmental management, human capital development, and local community engagement.

Badawi highlighted major reforms in Egypt’s mining sector, including restructuring the Mineral Resources Authority into an economic authority to improve efficiency and attract investment. He also noted the growing interest of global mining companies following updates to the sector’s legislative and financial framework, which have recently led to several agreements.

The two parties concluded by emphasising continued coordination to support Egypt’s economic development goals and strengthen its position on the global mining map.

Attribution: Amwal Al Ghad English