SCZONE inaugurates Beltone Leasing, Factoring branch at Sokhna headquarters    Egypt becomes first country in Eastern Mediterranean to meet WHO target for hepatitis B control    Rare Diseases in Egypt: A New Era of Transformation    China accuses US of 'seriously violating' trade truce, vows countermeasures    KOICA, GOEIC sign $11 m agreement to enhance Egypt trade facilitation    New Russia-Ukraine talks in Turkey follow major cross-border attacks    FABMISR leads EGP 4.2bn loan for Redcon's Golden Gate project in Egypt    IAEA Chief, Egypt's Al-Sisi discuss nuclear non-proliferation, regional stability    Egyptian pound rises vs. USD at Monday's close    S.Korea factory activity contracts again in May – PMI    Egypt's Sisi, Iranian FM discuss Gaza, regional stability    Egypt's FM, US adviser Boulos discuss Libya, Sudan, Great Lakes    Egypt's c. bank issues EGP 8b FRN T-bonds    Egypt's FM, US envoy discuss Gaza ceasefire, Iran talks    Egypt's EDA eyes local production boost with Jamjoom Pharma    Egypt, Gambia discuss enhanced health cooperation    Egypt reaches 91% self sufficiency in medicines    Yoga Marathon in Cairo marks start of 11th International Day of Yoga events    Egypt, Serbia explore cultural cooperation in heritage, tourism    Egypt discovers three New Kingdom tombs in Luxor's Dra' Abu El-Naga    Egypt launches "Memory of the City" app to document urban history    New Alamein City to host Egypt International Sculpture Symposium, "ART SPACE"    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    Egypt unearths rare Coptic-era structure in Asyut    Amun-Mes named as owner of Luxor's Kampp 23 tomb after 50-year mystery    Egypt's Democratic Generation Party Evaluates 84 Candidates Ahead of Parliamentary Vote    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Cabinet approves establishment of national medical tourism council to boost healthcare sector    Sudan conflict, bilateral ties dominate talks between Al-Sisi, Al-Burhan in Cairo    Egypt's PM follows up on Julius Nyerere dam project in Tanzania    Egypt's FM inspects Julius Nyerere Dam project in Tanzania    Egypt's FM praises ties with Tanzania    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Parliament's Industry Committee Deputy Chair says Egypt's 'Golden License' will boost investments
Elsallab described the decision to issue golden license as a major shift in the facilities granted to the industrial sector.
Daily News Egypt Published in Daily News Egypt on 25 - 06 - 2022

MP and Deputy Chair of Parliament's Industry Commitee Mohamed Elsallab said that General Authority for Investment and Free Zones (GAFI) decision to issue golden license for some projects will boost investments into Egypt.
Elsallab decribed the decision as a major shift in the facilities granted to the industrial sector.
He added that some projects are of strategic importance to the Egyptian economy, and are so great that granting them the golden license is a certificate that Egypt opens its doors to giant quality investments, whether locally or abroad.
Egypt's Cabinet under Prime Minister Mostafa Madbouli approved a draft resolution tabled by GAFI on the conditions for granting a "golden license" to investment projects.
GAFI CEO Mohamed Abdel Wahab said the authority is currently coordinating with all ministries to make a list of the projects that would benefit from the golden license.
"The golden license is granted once directly by the prime minister to some projects. These projects include green hydrogen, electric cars, infrastructure and seawater desalination and renewable energy projects," Madbouly said.

Clic here to read the story from its source.