The Minister of Petroleum and Mineral Resources Tarek El Molla, said that Egypt is aiming to increase the income from the mining sector to 2% of the total GDP, according to his speech in the opening of the 15th Arab International Mineral Resources Conference, in the presence of President Abdelfattah Al Sisi. He added that this comes within the ministry’s initial plan which continues for five years, explaining that the current income from the mining sector does not exceed 0.5%. Al Faleh stressed in his speech that his country is keen on maintaining cooperation and building knowledge between Arab peoples, explaining that the Arab world has economic, security, geographical, and geological bonds. The minister of energy also pointed out that the kingdom aims to make the mining sector number three in the Saudi economy, and targets to increase the value added to its minerals. Al Faleh concluded his speech by stressing that any required support to the Egyptian side will be provided in the field of mining, especially with Tarek El Molla, the Egyptian petroleum minister, chairing the current mining conference in the Arab world.

Source: Daily News Egypt November 26, 2018 14:37 UTC