The CEO also provided an overview of the status of companies that have already obtained the Golden License.
The CEO also provided an overview of the status of companies that have already obtained the Golden License - Press Photo
Egyptian Prime Minister, Mostafa Madbouly, held a meeting today at the government headquarters in New Alamein with Hossam Hegazy, CEO of the General Authority for Investment and Free Zones, to discuss several work-related matters.
During the meeting, the CEO reviewed updates on granting the Golden License to projects that have applied for it, as well as ongoing files under evaluation. He highlighted the significant interest among investors in applying for the Golden License.
The CEO also provided an overview of the status of companies that have already obtained the Golden License, emphasizing that working groups are actively monitoring their progress until the projects become operational.
He affirmed the efforts made by the authority to attract investments and highlighted the meetings held with investors and representatives of global companies to promote the available investment opportunities in various sectors.
The CEO of the General Authority for Investment and Free Zones also discussed the outcomes of his visit to Germany, during which he presented investment opportunities and potential in Egypt. He met with the Federation of Business Organizations, noting the German side's interest in relocating certain industries to Egypt, especially with recent approvals of incentives.
The meeting also addressed the authority's vision and study regarding the establishment of three new free zones in Alexandria, the Tenth of Ramadan City, and 6th of October City. This comes in response to several requests from investors interested in these areas.
Egypt's efforts to attract investments and improve the business environment have yielded positive results in recent years. The establishment of free zones and the introduction of initiatives like the Golden License have created favorable conditions for local and foreign investors.
The ongoing collaboration with global organizations and the interest shown by countries such as Germany in transferring industries to Egypt further solidify the country's position as an attractive investment destination. These developments contribute to economic growth, job creation, and the overall prosperity of Egypt.
