During his attendance at the forum’s launch events and the first international industry exhibition, President Al-Sisi emphasised that “the state moves and opens the door to support them, in implementation of the recommendations of the economic conference, because the state does not want investors, manufacturers, and businessmen to suffer.”
The “golden licence” is one of the solutions that are provided to new projects with the goal of speeding the beginning of the productive and investment activity, without the need for permissions from several parties as with the regular licence.
Dr.
“The golden licence will be a rationale for drawing international investors to Egypt, and it will give them enormous advantages and free them from the stereotypes that were facing them in Egypt,” says researcher and economist Ahmed Abu Ali.
In his interview with the “Sky News Arabia Economy” website, “Abu Ali” went on to say that “a huge number of the Arab state started the trend towards facilities and facilities for investors and granted them the same licence.”
Egypt is currently looking to offer facilities related to investment in order to realise its vision of being a regional hub for the Middle East and Africa. ”
– The first international forum for industry is organized by the Federation of Egyptian Industries, on the occasion of the 100th anniversary of the establishment of the Federation, in the presence of President Sisi, Prime Minister Dr.
Hassan Abdullah, the governor of the central bank, Mustafa Madbouly, and a number of prominent businessmen and economists.
Africa’s economic integration has been Egypt’s regional objective for a long time, but there hasn’t been enough vision since the decision to grant the golden licence will hasten the dream’s realisation.
The procedure of certifying the launch of his project or the decision to invest in it would be quite simple for the investor with this golden licence, according to the statement.
“With 1. 5 billion people, the African market is the largest economic market in the world, distinguished for its diversity and wealth.
Egypt seeks to be the first portal for investment in the African market, and to support and encourage investors to pump the most investment in Egypt, according to the economic expert’s speech.
“This licence consolidates a significant number of approvals into one approval, but it does not free investors from a number of conditions established by the state as constants.
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He added: “The Investment Law in its twenty -ninth article is concerned with simplifying the procedures for investors in establishing projects and obtaining the necessary licenses, under the item of overcoming the bureaucracy, the most important of which is the work to establish an investment window in all branches of the General Investment Authority to deal with the requests of investors.
“Egypt offers a confirmation certificate for the international business community that it is powerful and capable of luring investments that are distinguished by a high degree of quality, and that anyone may enter and work there without any difficulty.
What economic impact has the “golden licence” had on Egypt?
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