In a strategic move to bolster its mineral sector, Egypt’s Mineral Resources and Mining Industries Authority (MRMIA) has signed a Memorandum of Understanding (MoU) with Turkey-based OZ Mining.
Witnessed by Minister of Petroleum and Mineral Resources Karim Badawi, the agreement paves the way for a comprehensive preliminary assessment of gold deposits and associated minerals within Egypt’s resource-rich Eastern Desert.
This collaboration is a central component of the Ministry’s ongoing campaign to attract foreign direct investment and integrate global expertise into Egypt’s mining industry. OZ Mining, which maintains an extensive portfolio across Turkey, Africa, and Latin America, emphasized that its decision to enter the Egyptian market was driven by the country’s competitive investment climate and the recent suite of incentives introduced to support mining operations.
The partnership comes on the heels of several high-level diplomatic and technical exchanges between Egyptian officials and Turkish mining leaders. As Egypt looks to capitalize on the geological potential of the Arabian-Nubian Shield, the ministry is preparing for an exceptional edition of the Egypt Mining Forum, scheduled for September 28–29, 2026, in the New Administrative Capital.
The event aims to serve as a pivotal platform for international investors, further solidifying Egypt’s ambition to become a leading regional hub for gold and base metal extraction.
