On 10th November 2025, Eng. Karim Badawi, Minister of Petroleum and Mineral Resources, participated in the Egyptian-Gulf Trade and Investment Forum, organized by the Ministry of Foreign Affairs in cooperation with the General Secretariat of the Gulf Cooperation Council (GCC), with the participation of several government ministers and deputy ministers of investment, trade, and industry from GCC countries.
The forum, held under the patronage of Dr. Mostafa Madbouly, Prime Minister of Egypt, and Mr. Jassim Mohammed Al-Budaiwi, General Secretariat of the GCC, included a ministerial session entitled "Prospects for Trade and Investment Relations between Egypt and the GCC Countries."
During the session, the Minister of Petroleum and Mineral Resources reiterated the ministry's commitment to encouraging and increasing private sector investments from Arab countries in the energy and mining sectors, highlighting the various potentials available in Egypt's petroleum and mining sectors.
The minister explained that Egypt has a strong infrastructure in the field of oil and gas, being maximized to enhance its role as a regional hub for energy trading and exchange. He affirmed the availability of significant and promising opportunities to expand cooperation with the private sector in the sisterly Arab countries in this regard, especially since Egypt serves as a gateway to African and European markets.
He added that the SUMED project represents a notable symbol of Arab cooperation in this context, noting the launch of cooperation with the Emirate of Fujairah in the United Arab Emirates to establish a center for petroleum products trading on the Mediterranean Sea.
The minister also pointed to a package of incentive measures successfully implemented by the ministry to encourage partners to inject the necessary investments to expand exploration activities and increase oil and gas production.
He affirmed that Arab companies are strategic partners of the Egyptian petroleum sector, including the UAE's Mubadala, QatarEnergy, which is expanding its exploration areas in the Mediterranean, the UAE's Dragon Oil, a major producer in the Gulf of Suez, and Kuwait's KUFPEC.
The Minister of Petroleum during his participation in the Egyptian-Gulf Trade and Investment Forum-2
The minister also stated that the mining sector has recently witnessed new legislative steps to create a more attractive environment for investment. In parallel, efforts are being made to encourage investment in establishing value-added mining industries by capitalizing on Egypt's available mineral resources and robust infrastructure.
He also asserted that Egypt is keen to cooperate with the Arab private sector in investment projects that create economic added economic value, particularly in the petrochemical sector, pointing to the current successful models of cooperation in the MOPCO and Abu Qir Fertilizer complexes.
He also asserted that Egypt is keen to cooperate with the Arab private sector in investment projects that create economic added economic value, particularly in the petrochemical sector, pointing to the current successful models of cooperation in the MOPCO and Abu Qir Fertilizer complexes.
He also highlighted that the Egypt–Saudi Arabia electrical interconnection project represents a model of energy integration, adding that programs on energy efficiency, carbon emissions reduction, environmental sustainability, and performance enhancement within Egypt's petroleum sector open new horizons for cooperation with Arab private sector companies in these domains.
The Minister of Petroleum during his participation in the Egyptian-Gulf Trade and Investment Forum-3
