Cairo: Minister of Petroleum and Mineral Resources Karim Badawi has received a delegation from the International Finance Corporation (IFC), headed by Valerie Levkov, Global Industry Director for Energy, Metals and Mining, and Sustainable Infrastructure where they discussed possible cooperation in the oil, gas, and mining sectors. They also discussed how to boost cooperation in the projects of energy transition and green energy, in addition to the promising investment opportunities in the mining sector in light of the Ministry of Petroleum and Mineral Resources (MoPMR) plan to increase its contribution to the gross domestic product (GDP) to between 5-6% instead of the current 1%.

According to State Information Service Egypt, Levkov highlighted that Egypt is one of the African countries offering attractive investment opportunities, noting the close cooperation that has taken place in recent times. She added that the IFC looks forward to increasing this cooperation during the coming period, whether in the energ
y sector or the mining sector, pointing out that the Foundation helps in providing markets to attract private sector investments in the field of energy, minerals, mining, and consulting related to sustainable infrastructure.