In a bid to bolster its mining sector and attract investments, Egypt is gearing up to launch an international bid during this year’s fourth quarter (Q4) for inspecting and exploring mineral ores in the eastern and western deserts. According to informed sources, the anticipated bid will encompass more than 200 areas, with each area covering a minimum of 16 square meters.
The bidding process will be based on factors such as royalties, taxes, and the percentage of free participation of the Egyptian Mineral Resources Authority (EMRA) in production.
Egypt aims to entice investments of up to $1 billion in its mining sector, as the nation seeks to tap into its vast mineral resources and pave the way for potential economic growth and development.
