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Nile Group launches its mining activities in Egypt and plans to invest up to $150 million by 2027
As part of its diversification and development strategy in the natural resources sector, Nile Group, a subsidiary of the Medaf Investment, announces the start of mining operations at one of its sites in Egypt.
This step takes place after the group has obtained a mining contract on a major site, This marks a new phase in the expansion of its mining investments in the Middle East and Africa.
According to group management, the first phase of the project calls for investments of approximately $55 million, These funds are earmarked for the development of mining infrastructures, the acquisition of modern equipment and the installation of the facilities required for extraction and processing operations.
With a view to medium-term growth, Nile Group plans to gradually increase its investment in this project to reach a total investment volume of around $150 million by the end of 2027.
This project aims to strengthening the group's presence in the mining sector, This is a strategic field in which Nile Group already has significant experience through its activities in supplying chemicals to the mining industry and its partnerships with several operators in various African countries.
The Group's management stresses that the launch of these mining activities is part of a broader vision aimed at developing an integrated value chain in the natural resources sector, We are committed to the highest standards of safety, operational efficiency and environmental management.
With this new project, Nile Group confirms its ambition to become a major regional player in the mining industry, It also contributes to the economic and industrial development of the regions in which it operates.