Egypt’s Ministry of Petroleum and Mineral Resources signed a memorandum of understanding with China’s Xingfa Group on Tuesday to evaluate phosphate, quartz, and silica sand ores for an industrial project in the Golden Triangle region. The agreement aims to maximise the added value of Egyptian mineral ores and establish Egypt as Xingfa’s largest industrial hub outside China. It was witnessed by Minister Karim Badawi.
Egypt’s Ministry of Petroleum and Mineral Resources signed a memorandum of understanding with China’s Xingfa Group on Tuesday to assess potential phosphate, quartz, and silica sand ores in the Golden Triangle region of the Eastern Desert. The agreement involves the Egyptian Mineral Resources Authority (EMRA), Misr Phosphate Company, and WADECO. It was signed by Lu Mingxing, deputy general manager of Xingfa Group, Yasser Ramadan, chairman of EMRA, Mohamed Abdel Azim, chairperson of Misr Phosphate, and Amgad Ghonaim, chairman of WADECO.
Minister Karim Badawi described the deal as “a new ‘success story’ for the Egyptian mining sector,” adding that the partnership is shifting from “promises to implementation on the ground according to specific timelines and a clear roadmap.” Lu Mingxing expressed the group’s confidence in Egypt’s investment climate and the ministry’s incentives, reaffirming their commitment to transferring modern technologies to position Egypt as a regional centre for exporting specialised chemicals.
The signing follows discussions held last week on the Chinese group’s plans to invest in Egypt’s mining sector. Badawi highlighted that the strength of Egypt-China relations provides a primary guarantee for the investment’s success in the Golden Triangle. Lu Mingxing also extended an official invitation to the minister to visit the group’s headquarters and factories in China, where facilities mirror those planned for the Egyptian project.