The Industry Committee of the House of Representatives, headed by Representative Mohamed Mustafa Al -Sallab, agreed permanently on the draft amendment of the metal wealth law, and submitted by Representative Mohamed Ismail, a member of the coordination of the youth of parties and politicians .
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This came in the presence of Counselor Mahmoud Fawzi, Minister of Parliamentary and Legal Affairs and Political Communication, Counselor Mohamed Abdel -Alim Kfafi, Legal Adviser to the Speaker of the House"Ltr"> ."RTL"> & nbsp;
The draft amendment of the Law of the Mineral Resources Authority is required to transform the Egyptian General Authority for Mineral Resources into an economic public body, to achieve the independence of the financial and administrative decision of the authority, in order to support the development of the mining sector, and maximize economic returns to it ."RTL"> & nbsp;
during the meeting, MP Mohamed Ismail, the presenter of the law, reviewed, stressing that it is primarily aimed at converting the authority into an economic public body, in a way that contributes to supporting the national economy ."RTL"> & nbsp;
The deputy pointed out that the support of the Mineral Resources Authority contributes to its liberation from restrictions, and then contribute to supporting the national economy ."RTL"> & nbsp;
A member of the House of Representatives emphasized that the conversion of the Mineral Resources Authority into an economic body works to raise the domestic product of the mining sector in GDP, increase investments, as well as raise government revenues, and provide more than 150,000 job opportunities ."RTL"> & nbsp;
Representative Mohamed Mustafa Al -Sallab, Chairman of the Industry Committee in the House of Representatives, stressed the importance of the bill, in a way that contributes to the advancement of the mining sector in Egypt ."RTL"> & nbsp;
Al -Sallab indicated that Egypt has many goods in the ground, and in need of good exploitation and management more efficiently, in a way that contributes to supporting the national economy ."RTL"> & nbsp;
and the deputy praised the draft law that transfers the Mineral Resources Authority into an economic public body, stressing that this achieves independence, and then achieve the required targets ."RTL"> & nbsp;
For his part, Counselor Mahmoud Fawzi, Minister of Parliamentary and Legal Affairs and Political Communication, confirmed the government’s approval of the draft law submitted by the deputy regarding the amendment of the General Authority for Mineral Resources."Ltr"> .
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indicated that the Minister of Petroleum in his capacity concerned with this file announced the sufficiency of the draft law submitted by the House of Representatives, and withdrawing the request submitted to the Ministry of Justice to prepare the draft law ."RTL"> & nbsp;
Counselor Mahmoud Fawzi stressed that the approval of the draft law comes within the framework of integration between the executive and legislative authorities ."RTL"> & nbsp;
The Minister of Parliamentary and Legal Affairs and political communication indicated that the mining sector in Egypt is receiving great attention, because of its great economic importance in favor of the Egyptian state ."RTL"> & nbsp;
While members of the House of Representatives Industry Committee expressed their welcome to the draft law, stressing that converting the Mineral Resources Authority into an economic body would advance the mining sector in Egypt and increase its contribution to supporting the economy National.
