Egypt's Golden Triangle accelerates resource development with a $16 billion investment plan

Egypt is pushing forward with large-scale resource development projects. The Golden Triangle region, located in the southeastern part of the country, is expected to attract over $16 billion in investments over the next 30 years and is anticipated to become a growth engine for the domestic economy.

Strategic Region Rich in Mineral Resources

The Golden Triangle covers an expansive area of over 9,000 square kilometers, concentrating approximately 40% of Egypt’s gold deposits. Official estimates indicate that the gold reserves in this region exceed 2,000 tons, making it a strategic resource hub.

Not only gold, but this region also hosts a wide variety of mineral resources. The phosphate reserves amount to about 1 billion tons, accounting for more than half of Egypt’s total reserves. Additionally, there are 1.5 billion tons of glass sand, 23 billion tons of limestone, among others, each representing 30-40% of the country’s total reserves. Nearly 95 different mineral deposits, including copper, zinc, and lead, have been identified, making it a region capable of diversified mining development.

Accelerating Economic Reforms through Foreign Investment

Egypt is focusing on expanding foreign direct investment to address its chronic fiscal deficit. Recently, Prime Minister Mostafa Madbouly held a meeting to consider plans to attract investment to the Golden Triangle region. He instructed the Ministry of Petroleum and Mineral Resources to focus on “discovery, development, and promotion” of promising projects in the oil, natural gas, and mining sectors.

Minister of Petroleum and Mineral Resources Karim Badawi has stated that he will specifically organize feasible investment projects in these three major industries and strengthen marketing activities targeting domestic and international investors and business leaders.

Importance for Economic Revitalization

The development plan for the Golden Triangle is positioned as a key measure for Egypt’s economic restructuring and fiscal improvement. With abundant mineral resources as a backdrop, it is expected that large-scale foreign investment will simultaneously create jobs and activate regional economies.