Cairo: Petroleum and Mineral Resources Minister Karim Badawi met with the Chairman and CEO of UAE-based International Resources Holding (IRH) to discuss potential cooperation in sustainable finance and mining.

According to State Information Service Egypt,both sides agreed to establish a clear timeline for implementing joint initiatives in the two sectors. The IRH executive presented proposals on financing, technical support, and advanced mining technologies, asserting the company's long-term commitment to Egypt's mining sector.

He affirmed that the partnership with Egypt is based on a long-term strategic vision and underscored the company's firm confidence in Egypt's vast potential in the mining sector, particularly in gold and phosphate. He also noted the company's interest in transferring its expertise and applying successful models previously implemented in other countries.

Badawi affirmed that this cooperation represents a new model of strategic partnership, combining sustainable financing with modern technology to maximize the use of mineral resources in a way that serves the interests of both the state and investors.