The meeting, held at the government's headquarters in the New Administrative Capital, included Minister of Petroleum and Mineral Resources Engineer Karim Badawi, Minister of Investment and Foreign Trade Engineer Hassan El-Khatib, and officials from the "INCOM" company.
Madbouly stated that the government is providing the
necessary support for investments in the mining sector to attract both local
and foreign capital.
Counselor Mohamed El Homossany, the official spokesperson
for the Council of Ministers, explained that the project, led by INCOM, is an integrated
industrial logistical project in the Suez Canal Economic Zone in Ain Sokhna.
The project will use modern technology to process kaolin sand ore, which is
abundant in Egypt and has a high percentage of alumina, into high-value
industrial products.
El Homossany added that the project will support the
national economy by reducing imports and boosting exports, solidifying Egypt's
role as a regional industrial hub.
INCOM Chairman Hisham Shata affirmed the company's commitment to contributing to sustainable industrial development and maximizing the economic benefit of Egypt's natural resources.