The House of Representatives approves the project of converting the Mineral Resources Authority into an economic body
He agreed to the House of Representatives headed by Counselor Dr. Hanafi Jabali, during the plenary session of the House of Representatives on the report of the Joint Committee from the Committees of Industry, Energy and Environment, Constitutional and Legislative Affairs, and the plan and budget on a draft law submitted by MP Muhammad Ismail, member of the House of Representatives on the coordination of youth and politicians, regarding amending some provisions of the Law of Mineral Resources No. 198 of 198 of the year 198 2014.
& nbsp; In it. It is flexibility in the strength of the disciplined movement and the provision of conditions for stimulating the efforts of its workers to enable them to face the requirements for the development and development of the mining sector. Its natural resources and good exploitation and taking into account the rights of future generations in them by working to stimulate investment in them and encourage the manufacture of raw materials and increase their added value in accordance with the economic feasibility. The law. In it. An integrated legal system has been developed for the Mineral Resources Authority that gives the authority more flexibility in the power of the disciplined movement and the provision of conditions for stimulating the efforts of its workers to enable them to face the requirements of the development and development of the mining sector. Finance, petroleum and mineral wealth, industry, defense, education and scientific research, agreed to the draft law, because it gives the authority new horizons and higher rates for real development of the mining sector and raises the percentage of its contribution to the local product to the desired ratio and increasing job opportunities for young people by converting the authority to an economic body and liberating it from bureaucracy in the processes And exploitation. Infrastructure through a group of axes and legislative reform, a package of procedures to improve the investment climate and achieve mutual benefit for all parties to achieve the comprehensive benefit of the & nbsp mining sector in Egypt & quot;
The Minister of Petroleum explained, that the draft law aims to transform the authority from the economic service, which means supporting and developing the sector, implementing the targeted plans and projects and organizing survey and evaluation work Preparing mining studies related, setting a national strategy to localize mining industries through the implementation of projects to maximize added value, and that training and qualification of human cadres works to achieve the maximum benefit of mineral wealth. For mining industries, stressing that the ministry is sparing no effort towards the advancement of the sector in a manner commensurate with Egypt’s mining wealth, following: & quot; We pledge to the political leadership to dedicate, effort and work with the aim of facing all challenges and achieving more achievements, and joining together to achieve the hopes and aspirations of the Egyptian people & quot;
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