Investors, economists see Egypt’s new mining law as promising
Egyptian President Abdel Fattah al-Sisi approved a new law on mining that would help promote the mineral sector by attracting foreign investors and regularizing the industry.
Egyptian investors and economists are expecting that the country’s new mining law will open the way for more investments in the field of mineral exploration and extraction and therefore boost the national economy and state revenues.
On Aug. 13, President Abdel Fattah al-Sisi approved a law to amend some provisions of the Mineral Resources Law No. 198 of 2014. The measure had been approved by the parliament the previous month.
