Mineral Resources Authority and Golden Triangle Economic Zone sign protocol to boost mining activities

CAIRO - 19 October 2023: The Mineral Resources Authority and the Golden Triangle Economic Zone signed cooperation protocol to strengthen collaboration in various aspects related to the exploitation of mineral resources within the Golden Triangle region.

With the objective of achieving optimal utilization of mining resources and attracting increased investments, the partnership emphasizes the adoption of modern scientific methods in research, evaluation, and exploration. By leveraging these advanced techniques, both entities aim to maximize the national output derived from the abundant mineral wealth present in the region.

Under the protocol, the MRA and the Golden Triangle Economic Zone will facilitate the exchange of expertise in the field of mining within the region. This exchange will encompass best practices and knowledge sharing, enabling the implementation of cutting-edge approaches in mineral extraction. Moreover, the parties will engage in consultations to establish the necessary requirements and regulations for obtaining mining licenses in the Golden Triangle area.

The cooperation extends beyond technical aspects and also focuses on promoting investment opportunities in Egypt's natural resources within the Golden Triangle. By collaborating closely, the MRA and the Golden Triangle Economic Zone aim to attract domestic and international investors to capitalize on the mining potential of the region.

The Egyptian government has prioritized the development of the Golden Triangle Economic Zone, which was established in late 2017. Encompassing Qena, Safaga, and Al Qusair, this region is renowned for its abundance of mining sources, accounting for a 75 percent of the country's mining minerals