Hossam Khaiba, CEO of Egypt’s General Investment Authority, said about 45 investors have applied for a gold license and 13 licenses have been issued so far with an investment value of $7 billion.

Heba added during television statements that the projects include 7 projects in industry, 3 in health, 1 in renewable energy, 1 in logistics and 1 in tourism, which is a hotel in Sohag province, and these projects include 6 projects foreign funding. , 4 local financial projects and 3 Egyptian financial projects General foreigner.

He explained that the gold license is only issued within 20 days, according to which all the necessary procedures are completed in the shortest possible time, but whoever applies must have land and an already existing company to operate immediately after its issuance.

He continued that, as part of the promotion and relief for investors, the Council of Ministers recently approved the approval of advisory offices that supervise projects in the field of environment, civil protection and construction, on the condition that these offices submit their reports to the state. body, and work begins immediately after obtaining a license. For the investor to work comfortably and without problems.

Haiba noted that the government is serious about exiting some sectors and literally implementing the provisions of the state ownership document, stressing that the government does not want to compete with the private sector, but was forced to do so due to past circumstances. years, and efforts are being made to change this.

Source: Egyptian media