Egypt

Egypt

Announces a new single-approval system to facilitate investment

07 Aug 2023

On 7 August 2023, the Egyptian General Authority for Investment and Free Zones (GAFI) announced the creation of a new single-approval system for projects to facilitate investments. The new single-approval is issued within 20 days and covers licensing for construction, environmental requirements, civil defence, and other permits relevant to investment activities. The GAFI has already granted 20 of these new approvals, including four for green hydrogen projects.