Egypt is a super wealthy country as evidenced by all of these great posts by you and the few here and there by yours truly lol. I try when time allows it. But back to this incredible post, we talked a couple of years ago when they discovered huge amounts of uranium they can mine, then we saw the oil discoveries in the western desert to which I had mentioned several times that Egypt, being geographically placed in the middle of what is essentially oil & mineral-rich Libya and super oil-& ,mineral rich Saudi Arabia is only practical to deduce that there must be a huge amount of untapped oil and mineral reserves in Egypt. Or, if for some reason they're not huge, they're still should be substantial fields and sure enough, they've began discovering them and even within Egypt's waters of the Red Sea which hold large amounts of oil and gas.
The only problem is finding these in the 2020's is only better late than never, especially when it comes to oil. But still, despite the introduction and rapid development of electric "everything" especially vehicles, oil will still be a very important resource for several more decades to come and maybe these discoveries have come just in time, actually.
Diamonds are interesting because their value is strictly on the basis of luxury needs and not necessarily seen or valued necessarily as a resourceful commodity. But gold, that is quite possibly an interchangeable item for 1st place. That instantly increases a country's national wealth which then puts it in a position to become an important member of the higher level countries if of course, that gold is used correctly which with the current government and ministries and president, seem to be making all the right moves. That will automatically increase the value of the Egyptian pound and once local currency becomes valuable with the dollar (still the most desirable currency in the world despite the Euro being worth more,) that can only help with strengthening the economy.
Having all this mineral wealth that is essentially untapped is like the lottery. Let's hope they move on it quickly and enrich the country to the level where it should be.
for the manufacture of tires at a cost of one billion dollars
