Editing Economy of Egypt (section)

==== Gold ====
[[File:Marsa Alam - Red Sea.jpg|thumb|Sukari gold mine]]
Gold mining in Egypt's [[Red Sea Governorate|Red Sea region]] has developed into a fast-growing industry, driven by vast untapped reserves. In an effort to establish a modern mining sector, the Egyptian government launched its first international bid round, awarding mineral concessions to attract investment. This marked a significant shift in policy, encouraging private sector participation in a historically state-dominated industry. Among the early participants were [[AngloGold Ashanti]] and [[Alexander Nubia International]], both of which reported promising technical results in their exploration efforts.<ref>{{cite news|last=Mariaan|first=Webb|title=AngloGold and JV partner to accelerate exploration in Egypt|url=http://www.miningweekly.com/article/anglogold-and-jv-partner-to-accelerate-exploration-in-egypt-2011-04-20|access-date=7 September 2012|newspaper=Mining Weekly|date=20 April 2011|archive-date=28 December 2011|archive-url=https://web.archive.org/web/20111228033911/http://www.miningweekly.com/article/anglogold-and-jv-partner-to-accelerate-exploration-in-egypt-2011-04-20|url-status=dead}}</ref><ref>{{cite news|last=Balashov|first=Sergei|title=Northland says Alexander Nubia's Hamama project has significant potential|url=http://www.proactiveinvestors.com/companies/news/30758/northland-says-alexander-nubias-hamama-project-has-significant-potential-30758.html|access-date=7 September 2012|newspaper=Proactive Investors|date=20 June 2012}}</ref>

The [[Sukari mine]], located in the Sukari Hills near [[Marsa Alam]], became Egypt’s first large-scale modern gold production facility. The government granted a concession to [[Centamin]] in 2005, awarding the company an exploitation lease covering 160 square kilometers. Sukari quickly became Egypt’s largest gold mining operation, representing a turning point in the country’s efforts to commercialize its gold resources.<ref>{{cite web|url=http://www.businesstodayegypt.com/article.aspx?ArticleID=7689|first=Tom|last=Gara|date=October 2007|title=The Great Egyptian Gold Rush|work=Business Today Egypt|url-status=dead|archive-url=https://web.archive.org/web/20071211221850/http://www.businesstodayegypt.com/article.aspx?ArticleID=7689|archive-date=11 December 2007}}</ref>

Egypt has launched a sweeping modernization drive to raise the mining sector’s GDP contribution to 5–6% by 2030. Reforms include transforming the Mineral Resources Authority into an economic entity, removing bureaucratic hurdles, and introducing new investment models for gold extraction, all intended to attract investment and align regulations with global standards.<ref>{{cite news | url=https://www.miningmagazine.com/africa/news-analysis/4401327/egypt-goes-gold | title=Egypt Goes Gold: Mining Sector Reforms | publisher=Mining Magazine | date=22 February 2024 | access-date=28 February 2025 }}</ref> As part of this effort, a Digital Mining Platform is set to launch in early 2025 to boost transparency, streamline licensing, and enhance investor engagement through digital tools.<ref>{{cite news | url=https://www.miningmagazine.com/africa/news-analysis/4401327/egypt-goes-gold | title=Egypt Goes Gold: Mining Sector Reforms | publisher=Mining Magazine | date=22 February 2024 | access-date=28 February 2025 }}</ref>

These reforms have driven a surge in gold exports, which nearly doubled to $2.17 billion in the first nine months of 2024, up from $1.11 billion during the same period in 2023. With continued government backing, Egypt aims to rank among the world’s top 10 gold exporters by 2027.<ref name=gold-xin>{{cite news | url=https://english.news.cn/20241217/f6a7cbe3c21d4d99893d6572e10c5f8e/c.html | title=Egypt’s Gold Industry Sees Strong Growth in Exports | publisher=Xinhua | date=17 December 2024 | access-date=28 February 2025 }}</ref>