President Abdel Fattah Al-Sissi held a meeting today with Prime Minister Dr. Mustafa Madbouly, Minister of Oil and Mineral Resources, engineer Karim Badawy, and Minister of Industry, engineer Khaled Hashem.
The official spokesman for the Presidency of the Republic stated that the meeting focused on several issues, which were the subject of coordination and complementarity between the ministries of oil and mineral resources and industry, including efforts to strengthen regional cooperation in the energy sector, as well as plans for industrial expansion, deepening of local industrialization and increasing the value added of national production.
The official spokesman added that engineer Karim Badawy reviewed the main results of the Egypt Mining Forum, noting that participants welcomed President Al-Sissi’s interest in the mining sector, as well as his guidelines for eliminating any obstacles to investment in the sector.
The Minister for Oil also presented the evolution of the performance of the oil sector and its impact on economic growth during the 2025/2026 financial year, as well as the latest developments in the production and exploration of crude oil, condensates and natural gas, as well as new discoveries and additions to reserves.
The Minister for Oil also outlined the positive assessments made in the international reports on the achievements of the Egyptian oil and gas sector, as well as the aspects of the ongoing cooperation between the Ministry of Oil and Mineral Resources and the Ministry of Investment and Foreign Trade, with a view to promoting projects in the oil and natural gas sectors and strengthening efforts to attract domestic and foreign investment in this area.
For his part, engineer Khaled Hashem presented the evolution of efforts to develop supply industries and complementary industries in Egypt, including the refractory materials and alloy industries, as well as the mechanical, electrical and foundry industries.
The meeting also focused on ways to maximize scrap mining at the national level and efforts to attract scrap industry investment. The Minister of Industry also presented the measures and operational steps taken by the State to deepen the steel industry in Egypt, develop the processing of local raw materials and maximize their economic benefits.
The official spokesman added that the meeting also addressed the issue of land for industrial areas. In this regard, President Al-Sissi has led to take the necessary steps to remove vacant and unexploited industrial land in order to optimize the use of industrial development land.
The meeting also reviewed efforts to strengthen industrial cooperation with African countries and the European Union, in order to support the State’s objectives of increasing production, exports and technology transfer.
The official spokesman said that the President had led to continue facilitating all the procedures necessary for the establishment of new factories in priority sectors, in line with the State’s industrial strategy, while intensifying efforts to attract foreign direct investment in the industrial sector and to accelerate the pace of development of the various industries, in order to strengthen the productive capacity of the national economy and increase its competitiveness.