Digital Investment Licensing Platform…a new step towards digitizing procedures and investment support

In light of the global trend towards achieving Sustainable Development Goals (SDGs),Digital transformationis one of the main axes for supporting comprehensive economic growth and enhancing the efficiency of institutions, as it is an effective tool for simplifying procedures and improving the quality of government services, which contributes to creating a more flexible and transparent business environment.

In this context, the Egyptian state continues its efforts to develop an integrated digital system that supports the achievement of Sustainable Development Goals (SDGs), especially the goal related to building strong institutions, encouraging innovation, and supporting investment. The launch of the electronic investment licensing platform is an application model for this vision, reflecting the state’s commitment to supporting foreign investments and facilitating doing business in Egypt. The digitization of government services has become an essential element in stimulating investment, supporting the competitiveness of economies, and enhancing the confidence of the business community.

Electronic Investment Licensing Platform

Hence, the Egyptian state continues to promote digital transformation and facilitate the business environment, by launching the electronic investment licensing platform, the launch of which was officially announced, as it is one of the pivotal tools to facilitate investors’ obtaining the necessary licenses to carry out their investment activities.

The platform is considered a qualitative leap in the licensing provision system, as it is the first unified electronic window that provides 460 services including licenses, approvals, and permits necessary to practice economic activities in Egypt, for 41 government agencies issuing service licenses, through a unified digital window, which contributes to reducing time and effort, enhances the principles of transparency and governance, and reduces paperwork and traditional procedures.

Licensors

The electronic investment licensing platform includes a number of government agencies that grant licenses, the most important of which are:

• Egypt Digital Industrial Platform
• Non-Governmental Medical Facilities Licensing Platform
• Maritime Transport and Logistics Sector
• Domestic and International Land Transport Regulatory Authority
• National Sports Platform for Digital Services

This reflects the level of coordination and integration between the various state institutions in providing investment services through a unified digital window, in order to ensure the speed of procedures, transparency of transactions, and facilitate investors’ obtaining the necessary permits to carry out their activities.

A more efficient, transparent and attractive business environment for investments

The state is also making unremitting efforts to create a more efficient, transparent and attractive business environment for local and foreign investments. Therefore, the General Authority for Investment and Free Zones has worked, in cooperation with the Ministry of Communications and Information Technology; In partnership with licensing entities to develop the platform, in order to provide an integrated electronic experience, ensuring the achievement of the ninth goal of the Sustainable Development Goals (SDGs), concerned with industry, innovation, and building infrastructure.

These efforts also demonstrate the state’s firm belief in the importance of strengthening the digital infrastructure and adopting innovative technological solutions to facilitate procedures and improve the efficiency of services provided to investors, thus contributing to creating a business environment that guarantees investment support.

Implementing the goals of Egypt Vision 2030

The Authority confirmed that the launch of this platform is consistent with the goals of Egypt’s Vision 2030, and the state’s keenness to support investment and raise the efficiency of government services provided to local and foreign investors, in a way that supports the competitiveness of the Egyptian economy and encourages the pumping of more investments.

The Authority called on investors and entrepreneurs to benefit from the services of the electronic platform, and learn about its advantages, as a supportive tool for starting projects and expanding investment activities in various sectors.

The General Authority for Investment and Free Zones confirms its commitment to continuing to develop digital platforms and electronic services, in a way that keeps pace with global developments and achieves ease of doing business in Egypt.

Based on the above, digital transformation has become an important strategic tool to support sustainable development, due to its role in enhancing justice and transparency in government institutions. Digitization allows for reducing bureaucracy and reducing gaps between investors and government agencies, which reflects the state’s commitment to providing a fair and stimulating economic environment that encourages more effective investment of resources, and opens the way for the employment of youth and local expertise in vital sectors, in line with an integrated economic and social vision.

For its part,The Earth Guards Foundation confirms that the digital investment licensing platform is a practical model of how technology can be used to achieve Sustainable Development Goals (SDGs) on the ground. It links innovation and efficient services, supports strong institutions and good governance, and enhances investor confidence, while creating a tangible social impact by facilitating individuals and companies’ access to new economic opportunities.