Photo courtesy of Egypt's cabinet
Genesis provides mining, raw material exploration, manufacturing, and export services of phosphate, quartz, ilmenite, zircon, and magnetite, among other raw materials. It also supplies raw materials for industry and manufacturing across Africa, the Middle East, Europe, and Asia.
According to a Ministry of Petroleum and Mineral Resources statement, Genesis Mining plans to channel initial investments across several phases, with long-term objectives to develop phosphate ore mining operations to increase production to 20 million tons annually.
The company also plans to develop ore processing and beneficiation units, increasing their capacity to produce phosphate concentrate to 4 million tons annually.
As Egypt holds the world's third-largest phosphate rock reserves, with geological reserves estimated at 3.1 billion tons, the project aligns with the ministry’s plan to utilize the country’s phosphate reserves and increase economic benefits from mineral resources through international and national private sector partnerships.
The country aims to increase the mining sector's contribution to GDP from around 1 percent as of June 2026 to 6 percent over the coming years.
Furthermore, the project includes a programme for an end-to-end industrial process for the exploration and evaluation of mineral resources. The programme aims to develop phosphate mining and ore processing operations. It also aims to enhance Egypt's capacity to exploit its mineral resources by manufacturing high-value phosphate products such as phosphoric acid and fertilizers.
Moreover, as part of the project, Genesis Mining will be tasked with implementing an exploration and geological programme for drilling 2.5 million linear metres. The company will also be expected to build an accurate database, update inventory estimates, and secure reserves to sustain production at the industrial complex.
The firm will also conduct geological studies and oversee exploration. It will also conduct ore processing tests and evaluate suitable industrial alternatives in collaboration with EMRA.
According to Petroleum Minister Karim Badawi, the ministry has been reviewing mining policies and amending legislation to regulate the sector more effectively, granting EMRA more flexibility to partner with investors and implement projects.
Earlier this year, the petroleum ministry also launched a digital mining portal that provides investors with geological data and information on current and possible mining areas.
Genesis Mining is currently considering establishing an industrial complex to produce, annually, up to 500,000 tons of phosphoric acid and around 500,000 tons of fertilizers and phosphate products to meet local market needs and enhance Egyptian export capacity.
Egypt targets raising its mining exports to $10 billion by 2040, up from $1.6 billion in 2021. Mining falls under the energy sector, one of Egypt's five priority sectors.
The government has also been offering larger and more suitable mining areas to improve project feasibility. It has also been encouraging financial institutions to provide financing for investors in the sector.
EMRA has also inked an agreement with New Valley for Mineral Resources and Oil Clay Company (Wadico) and ElSewedy Capital Holding to establish a firm to develop, manage, and operate an integrated phosphate fertilizer production plant in Ain Sokhna.
According to a separate statement by the Ministry of Petroleum and Mineral Resources, the plant is expected to foster exports while meeting market needs.
Wadico is an Egyptian joint-stock state company, operating under the petroleum ministry. Its main activities include geological exploration and phosphate and kaolin mining. It also prepares studies on economic feasibility and mineral resource utilization.
Since the outbreak of the US-Israeli war on Iran, concerns have heightened over global food security as the spillover from the war could impact the fertilizer industry and energy supplies, both essential for agriculture.
Egypt has one of the region's most diversified fertilizer industries, supported by its phosphate reserves and phosphate fertilizer production capacity.
The country's agricultural inputs market, including fertilizers, pesticides, seeds, and plant growth regulators, was estimated at $5.3 billion in 2025. It is expected to reach around $7.7 billion by 2034.
The country’s agricultural exports recently surpassed 5.8 million tons. In 2025, Egypt's agricultural exports amounted to 9.5 million tons.
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