Egypt's "Golden License" initiative reshapes the investment landscape, fostering an environment of innovation and growth.
Ezz underscored the significance of the "Golden License" as a universal mechanism open to all investors - File Photo
Dr. Alaa Ezz, the Secretary-General of the Federation of Chambers of Commerce, emphasized the crucial role of Egypt's economic landscape and the monumental strides achieved, particularly under the leadership of President Sisi, who now heads the Supreme Investment Council and introduced the coveted "Golden License."
In a TV press interview, Dr. Alaa Ezz underscored the significance of the "Golden License" as a universal mechanism open to all investors, not limited to strategic sectors, in driving investment.
He also highlighted the government's commitment to monitor state property policies, industries divested by the state, and the new law that ensures parity between state-owned companies and private enterprises concerning incentives, fees, and collaboration between the government and the private sector in infrastructure investments.
Dr. Ezz elaborated that Egypt, through numerous legislative and procedural amendments, is resolutely enhancing the business environment.
He pointed out that President Sisi's directive to establish online companies and introduce e-government platforms has successfully eliminated bureaucratic obstacles that could hinder investment activities.
This innovative approach significantly enhances the business climate, facilitating a smoother investment process. Dr. Ezz anticipates that Egypt's continuous progress, driven by comprehensive reforms, will elevate its position in the global investment ranking.
Egypt's pursuit of business-friendly reforms through extensive legal and procedural modifications is redefining its investment landscape.
The introduction of the "Golden License" and a concerted focus on streamlining administrative processes signify Egypt's unwavering commitment to fostering an attractive and conducive investment environment.
As the nation continues its trajectory of economic growth, the synergy between governmental efforts and private sector engagement augurs well for Egypt's position as a dynamic global investment destination.
