Delivering golden licenses to new projects in various production sectors with the aim of supporting the economy

The global economyIn recent years, the global economy has witnessed rapid transformations that force all countries to adopt policies that are more flexible and capable of attracting investments and enhancing the competitiveness of the business environment. In this context, supporting productive sectors and expanding the base of industrial and service projects has become one of the main drivers for achieving sustainable economic growth and enhancing the ability of national economies to face global challenges.

Encouraging investments in the fields of industry, energy, and logistics services also represents an important step towards supporting the economy and creating new job opportunities, in addition to supporting supply chains and raising the efficiency of production infrastructure. These trends are consistent with the Sustainable Development Goals (SDGs), which focus on achieving comprehensive economic growth and promoting innovation and industrialization, which contributes to building a more diversified and sustainable economy.

Enhancing Egypt’s investment position

In this context, and in line with the efforts and endeavors made by the Ministry of Investment and Foreign Trade to enhance Egypt’s position as an investment destination in light of the rapid global developments, Dr. Mohamed Farid Saleh, Minister of Investment and Foreign Trade, handed over 8 golden licenses to Egyptian, Arab and foreign projects in vital sectors that help support the economy and achieve sustainable development such as: energy, transportation, manufacturing, logistics services and food, with total investments amounting to 1.2 billion dollars and about 16 billion dollars. EGP.

The golden license is defined as the single approval that the investor obtains to establish, operate, and manage the project instead of the investor having to go through multiple parties to obtain separate approvals, as the state grants him one license that covers the approval to establish the project, building licenses, operating licenses, and land allocation.

Accelerating the pace of investment and an attractive business environment

Dr. Mohamed Farid Saleh, Minister of Investment and Foreign Trade, stressed that handing over golden licenses to a number of projects reflects the state’s commitment to accelerating the pace of investment and providing a more efficient and attractive business environment, which enhances investors’ confidence in the Egyptian economy and supports efforts to achieve sustainable economic growth.

He added that attracting new investments in vital sectors such as energy, transportation, manufacturing, and logistics services reflects the ability of the Egyptian economy to attract quality projects that contribute to increasing production and export and providing job opportunities.

The Minister explained that the Ministry seeks to digitize all procedures for obtaining licenses to reduce the response time of applications and eliminate bureaucracy, ensuring the transformation of Egypt into a leading regional center for industrial innovation and advanced logistics services, in line with ongoing efforts, the latest of which is the electronic licensing platform that was launched by the Investment Authority, during the last period.

Automotive investments and logistics infrastructure

The investments include establishing an integrated factory for manufacturing and assembling cars (gasoline, electric, and hybrid) with investments of about 6.35 billion pounds, which will strengthen the local manufacturing sector and provide thousands of job opportunities. The development also includes the establishment of a dry port and logistics center with investments of $115.4 million, which supports transportation infrastructure and enhances trade movement and supply chains, which increases the efficiency and competitiveness of the national economy.

These projects contribute to enhancing economic growth and providing job opportunities (Goal 8), and developing industry, innovation and infrastructure (Goal 9), which supports a strong and balanced economy.

Advanced industries and energy projects

In addition to establishing a factory to produce soda ash and its derivatives - a white alkaline chemical that is considered a basic raw material in major industries, most notably glass, detergents, paper, and water treatment - with investments of $680 million, and a factory for manufacturing and purifying silicon with investments of $172 million, with the aim of strengthening advanced industries and supporting the national economy. The program also includes a project to produce electricity from wind energy with investments of $207.5 million, to expand reliance on clean energy and reduce reliance on fossil fuels, ensuring the development of industrial innovation and infrastructure development (Goal 9), clean energy and climate action (Goals 7 and 13), and thus, achieving sustainable and environmentally friendly industrial development.

Consumer and export industries projects

The state is keen to support the economy, promote growth and provide job opportunities (Goal 8), and promote responsible consumption and production and food security (Goals 2 and 12), in order to achieve balanced social and economic benefits. The investments included an office and school supplies factory with investments of 8.74 billion pounds, and a spinning and weaving factory with investments of 58 million dollars allocated for export, which enhances the competitiveness of Egyptian industries and increases the economic return.

The program also includes a complex for processing and packing vegetables and fruits and manufacturing food products with investments of one billion pounds, which supports food security and provides broad job opportunities. The project is expected to be implemented in October 2027, with the provision of 400 job opportunities.

Gold License Projects

The golden license is granted to projects that contribute to the state’s development plan according to criteria related to capital, land area, and number of workers, especially projects that support the national economy.

The total number of companies obtaining the golden license exceeded about 52 companies as of the beginning of this March, and the granting of these licenses comes within the framework of the state’s efforts to accelerate the pace of implementing investment projects and enhance the private sector’s contribution to supporting the economy by achieving sustainable development and increasing exports.

In conclusion, granting golden licenses that cover project establishment approval, building permits, operating licenses, and land allocation for vital projects reflects the state’s strategic direction towards building a flexible and attractive investment environment capable of attracting quality projects in multiple vital sectors.

Projects in industry, logistics infrastructure, energy, and food constitute a practical model of how to transform institutional efforts into actual investments that support economic growth and create broad job opportunities.

For its part,Homat Al-Earth Foundation appreciates government initiatives for their major role in enhancing Egypt’s ability to attract more local and foreign investments, which raises the efficiency of the economy and increases its competitiveness at the regional and international levels.

It also confirms that these projects are an effective tool to support sustainable development, as they work to expand the production base, stimulate innovation, and achieve long-term economic, social and environmental impact, stressing that carefully organized and planned investment can be the primary driver for achieving comprehensive and sustainable development in all sectors.