Eurasian Resources Group expresses interest in investing in Egypt's market
The Eurasian Resources Group (ERG) has expressed its desire to inject investments into the Egyptian market, according to statements made by the group's officials during a meeting with Egypt's Minister of Petroleum and Mineral Resources, Tarek El Molla, on Wednesday.
The Eurasian Resources Group specializes in mining, energy, transportation, and marketing operations in 16 countries worldwide.
"We are excited to expand our operations and work in the Nubian Shield region and Egypt," said Jonathan Cordiero, Head of the Development Sector at Eurasian Resources Group.
Both parties agreed to explore further opportunities for cooperation and investment, aiming to benefit from the group's expertise, especially in maximizing the value of mineral resources and developing ongoing projects.
El Molla explained the developments and reforms that the mining sector has witnessed in Egypt, resulting in successful auctions attracting global investments and partnerships.
El Molla emphasized that the group's participation in the Egypt Mining Forum is an excellent opportunity to gain insight into the Egyptian market and explore the tangible reforms undertaken in the mining sector. It will also help identify potential areas for the group's investment, starting from participation in bids and extending to various services within the mining sector.