Approves several investment facilitation and promotion measures
16 May 2023
On 16 May 2023, the Supreme Council for Investment approved 22 decisions to give impetus to various economic sectors and fields. The decisions include reducing the cost of establishing companies, simplifying the required approval procedures and their duration, and expanding the issuance of the Golden Licence. They aim to stimulate local and foreign investment, promote competitive neutrality in the Egyptian market, and provide comprehensive incentives and facilities in various sectors such as agriculture, industry, transport and energy. In addition, they aim to facilitate land ownership, enhance governance and transparency, and alleviate financial and tax burdens on investors.
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Type:
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Promotion and facilitation (Investment facilitation , Investment incentives)
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Industry:
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Not industry specific
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Primary (Agriculture, forestry and fishing)
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Manufacturing
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Services (Electricity, gas, steam and air conditioning supply, Transportation and storage)
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Sources:
