Sun Rise, an important landmark in Egypt's mining sector, will export iron ore to China in 2025 under an agreement signed with the Mines and Quarries Enterprise of the Egyptian Iron and Steel Company, AISU reported.
The company's Chairman of the Board of Directors, Eng. Mohamed El Garhy, Chairman of the Board of Directors of the company, together with his partners Sherif Tayseer El Garhy, Ahmed Tayseer El Garhy and executive director Dr. Aya tayseer El Garhy, said that this agreement is a step to bring Egypt's mining potential to the global market. The first shipment was successfully completed in December 2024.
El Garhy pointed out that they aim to open Egypt's rich iron ore reserves to world markets, noting government policies to increase exports. Emphasizing that Sun Rise has achieved a first in Egypt's history with a daily loading capacity of over 10,000 tons, El Garhy said that this achievement demonstrates the country's strength in meeting global demand. With this cooperation, the company aims to support local production and contribute to economic development by increasing foreign exchange revenues.
Sun Rise aims to further increase its iron ore exports for 2025. The planned new agreements will contribute positively to the country's trade balance and accelerate growth in the mining sector. These achievements are further supported by the Egyptian government's efforts to improve infrastructure and transportation networks. Modernized logistics infrastructure has the potential to make Egypt a competitive player in the global mining market.
Sun Rise stands out both for its innovative business model and its industry leadership. The company's efforts to promote Egypt's mineral resources around the world are not only contributing to economic growth, but also reinforcing the country's strong mining position. These developments make Sun Rise stand out as one of the leading companies shaping Egypt's mining future.
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