Egypt’s Foreign Minister Badr Abdelatty and Minister of Petroleum and Mineral Resources Karim Badawi held a briefing on Sunday for representatives of foreign embassies accredited to Egypt as part of the government’s efforts to attract foreign investment and strengthen international cooperation in the energy and mining sectors.
Addressing the meeting at the Foreign Ministry headquarters, Abdelatty said the session came at a critical time as the global energy sector faces unprecedented challenges stemming from regional and international developments, which have disrupted energy supply chains and maritime shipping, affecting global market stability and energy security.
He stressed that these challenges underscore the need for closer international cooperation and coordinated efforts to enhance energy security and diversify energy sources.
Abdelatty outlined the factors positioning Egypt as a regional energy trading and transit hub, citing its strategic geographic location, advanced infrastructure, and significant investments in conventional, renewable, and clean energy projects. He also highlighted the country’s mining potential as a key driver of economic growth and the energy transition.
The foreign minister emphasised the importance of expanding cooperation with regional and international partners in energy exploration, production, and mining, as well as promoting technology transfer and the adoption of best practices to maximise the value of Egypt’s natural resources and attract additional foreign investment.
He added that the Egyptian government continues to implement reforms and incentives designed to encourage global companies to invest in the country’s energy and mining sectors.
For his part, Petroleum Minister Karim Badawi reviewed measures taken to improve the investment climate, including incentives for exploration and production activities, the modernisation of petroleum agreement models, and the regular settlement of dues owed to foreign partners, which he said has helped restore investor confidence and accelerate exploration and production activities.
Badawi also highlighted investment opportunities available through the Egypt Upstream Gateway, as well as seismic survey programmes in the Red Sea, the Eastern Mediterranean, the southern Western Desert, and the Gulf of Suez. He pointed to Egypt’s advanced natural gas infrastructure and investment opportunities in the petrochemical industry.
The minister added that legislative and regulatory reforms have been implemented in line with international best practices and encouraged ambassadors to help connect Egyptian companies with opportunities in their respective countries to support their international expansion and boost exports of Egyptian products and services.
The meeting concluded with an interactive discussion between Egyptian officials and representatives of foreign embassies on expanding cooperation in the energy and mining sectors, investment opportunities, and measures taken by the government to improve the business environment and facilitate the operations of foreign companies in Egypt.
