Egypt

Egypt

Introduces new incentives for foreign investors in selected projects

15 May 2022

On 15 May 2022, the Government of Egypt announced the introduction of a special license for foreign investments in three specific fields. The Prime Minister has granted the so-called golden license to several projects in a bid to attract foreign investments to projects in sectors including green hydrogen, electric cars, infrastructure, seawater desalination and renewable energy projects. The license allows investors to bypass several procedures for establishing projects.