Dr. Hamed Mira, head of the Nuclear Materials Authority, said that the black sand is rich in rare earth elements, and these elements represent the backbone of advanced technological and electronic industries, in addition to the fields of artificial intelligence, revealing that the returns of value-added projects amount to 6 billion dollars in the Burullus project only.
The head of the Nuclear Materials Authority stressed that all the work was in the hands of purely Egyptian and national companies, noting that the local component amounted to more than 60% of the total project, commenting: “We have huge reserves of up to 5 billion tons of black sand on the coasts of the Red and Mediterranean Seas.” .
The head of the Nuclear Materials Authority added, during President Abdel-Fattah El-Sisi’s inauguration of the Black Sands Project, that the project has been a dream that has haunted us for decades, and had it not been for your vision, following God’s success, towards a better management of Egypt’s mineral wealth and emphasizing the need for mining activity to be one of the pillars of the Egyptian economy, studies would have remained The black sand is trapped in the drawers.
