Egypt intensifies strategy to attract large-scale investments into the "Golden Triangle" mineral resource development area

The Egyptian government has launched a comprehensive initiative to attract large-scale investments into promising mineral resource regions within the country as part of its economic reform efforts. The Golden Triangle region, extending in the southeastern part of Egypt, is a key area at the core of the country’s investment expansion strategy.

The Triangle Strategy for Investment Attraction Begins

Prime Minister Mostafa Madbouly discussed the investment attraction plan for the Golden Triangle region during a cabinet meeting at the new administrative capital. The government is adopting a strategic approach to “identify, develop, and promote” viable investment opportunities in the oil and mineral resources sectors. This service marketing triangle strategy is built on three pillars: building relationships with investors, disseminating project information, and collaborating with business leaders.

Officials from the Ministry of Petroleum and Mineral Resources and the authorities of the Golden Triangle Economic Zone are working closely together to establish a system for presenting promising investment opportunities to the market.

A Region Rich in Vast Mineral Resources

The Golden Triangle covers an extensive area of over 9,000 square kilometers and is located in southeastern Egypt. The region hosts nearly 95 mineral deposits, including gold, phosphates, copper, zinc, lead, and limestone, forming the core of Egypt’s key mineral resources.

The officially estimated gold reserves are approximately 2,000 tons, accounting for about 40% of Egypt’s available gold reserves. Additionally, about 1 billion tons of phosphates are present, representing more than half of the country’s total reserves. Furthermore, 1.5 billion tons of glass sand and 230 billion tons of limestone have been confirmed, each constituting roughly 30% and 40% of Egypt’s proven reserves, respectively.

Over $16 Billion in Investment Expected Over 30 Years

Minister of Petroleum and Mineral Resources Karim El Badawy revealed that a comprehensive catalog of viable investment opportunities in oil, natural gas, and mining is currently being prepared. Moving forward, active marketing efforts targeting investors and business leaders are planned.

Investments in the Golden Triangle region are projected to exceed $16 billion over the next 30 years. As Egypt addresses its fiscal deficit and implements economic stimulus measures, this project is expected to play a significant role in promoting foreign direct investment.