The head of the energy chamber at the Federation of Egyptian Industries (FEI) said the cabinet would discuss on Wednesday the new mines and quarries law.
Tamer Abu Bakr said the discussion aims to come up with a law that helps using Egypt's natural resources to achieve the highest possible growth rates.
He added that the international mining industry reached USD 18 billion, noting that Egypt needs to invest, at least, USD 2 billion in order to increase its employment and growth rates.
He pointed out that Egypt also needs to adopt projects that have "high labor density and low-power consumption" to overcome its economic problems.
GMT 12:00 2018 Wednesday ,28 November
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Egypt can generate up to 53% of power sources by 2050Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
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