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Egypt Strengthens Energy and Mining Ties with Gulf Nations to Boost Arab Investment

Prime Highlights

  • Egypt is strengthening energy and mining ties with Gulf nations to attract more Arab private-sector investments.
  • Minister Kareem Badawi emphasized Egypt’s growing role as a regional hub for energy trade and cooperation.

Key Facts

  • The Egypt-GCC Trade and Investment Forum was held under the patronage of Prime Minister Mostafa Madbouly and GCC Secretary-General Jasem Mohamed AlBudaiwi.
  • Major Arab energy companies, including Mubadala Petroleum, QatarEnergy, Dragon Oil, and KUFPEC, are key partners in Egypt’s petroleum sector.

Background:

Egypt is deepening its partnership with Gulf nations to attract more private-sector investment in the energy and mining sectors, Petroleum and Mineral Resources Minister Kareem Badawi announced during the Egypt-Gulf Cooperation Council (GCC) Trade and Investment Forum.

Organised by the Ministry of Foreign Affairs in cooperation with the GCC Secretariat General, the high-profile forum brought together Egyptian ministers and senior GCC officials responsible for trade, investment, and industry. The event, led by Prime Minister Mostafa Madbouly and GCC Secretary-General Jasem Mohamed AlBudaiwi, aimed to boost economic ties and strengthen Arab cooperation in major industries.

Badawi said Egypt has developed strong oil and gas infrastructure, helping the country become a regional center for energy trade and distribution. He added that Egypt’s location makes it an important gateway for Arab investors looking to reach African and European markets.

Badawi cited the SUMED project as a strong example of successful Arab cooperation and referred to a new partnership with Fujairah in the United Arab Emirates aimed at developing a petroleum products trading hub on the Mediterranean. He also outlined new incentive measures launched by the ministry to attract exploration and production investments.

He emphasized that Arab companies remain vital partners in Egypt’s petroleum industry, mentioning Mubadala Petroleum and Dragon Oil from the UAE, QatarEnergy, and Kuwait Foreign Petroleum Exploration Company (KUFPEC) as leading contributors to Egypt’s energy development.

Turning to the mining sector, the minister said Egypt has introduced legislative reforms to create a more competitive and investor-friendly environment. The focus, he added, is on developing value-added mining industries that leverage the country’s mineral wealth and established infrastructure.

Badawi said Egypt is committed to working with Arab partners on petrochemical projects, noting successes like MOPCO and Abu Qir Fertilizers. He also urged more cooperation with Egyptian companies such as Enppi, Petrojet, and the Egyptian Drilling Company, which have handled major projects in the Gulf.

The forum ended with a shared goal of strengthening Egypt-GCC cooperation to promote sustainable economic growth and regional unity.

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