CAIRO, May 17 (MENA) – Prime Minister Mostafa Madbouli described the Sukari gold mine near Marsa Alam as a massive project comparable to a small city investment, with 4,000 jobs tied to the site.

During a visit to the site on Saturday, Madbouli said that Egypt continues to secure its full rights under existing agreements, even after AngloGold Ashanti acquired the mine’s foreign partner.

He added that the mine ranks among the top 25 globally, with expected output over the next eight years projected to surpass the past 15 years.

AngloGold, now managing the site, is expanding exploration in nearby areas. Investment in the mine has exceeded $2 billion, with major equipment alone valued at $235 million.

The Premier added that Egypt’s Mineral Resources Authority will soon shift to economic management to improve gold exploration and maximize returns from the sector.

During a separate visit to Fustat Hills Park in Cairo, the Prime Minister said that the 500-acre space is nearly complete and will open within weeks.

The project replaced unsafe and neglected land with a large public park that includes green areas, commercial outlets, and public facilities.

It is the largest park of its kind in the capital and part of broader urban redevelopment efforts across Greater Cairo. (MENA)

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