The companies that were given the Golden Licenses, on Tuesday, came as follows: the National Egyptian Railway Industries Company (NERIC) plans to establish a factory worth EGP 3.6 billion within the Suez Canal Economic Zone (SCzone).
The factory will have investments of EGP 3.575 billion and will manufacture all types and supplies of railways, metro, and trains.
GAFI recently granted 4 new golden licenses to a number of companies, bringing the total number of companies granted golden licenses to 24 companies
Egypt also put a 20-day limit on permits to start any work with permits acquired and automated the tax return procedures.
The package of incentives includes exempting projects that target strategic industries from all types of taxes, except the value-added tax, for 5 years.
