IDA promises SME manufacturers a 50% reduction in licensing fees

The Industrial Development Authority (IDA) has reportedly promised small factory owners a 50% reduction in licensing fees and permits, which will take effect at the end of the month, Ahram Gate reports. The IDA had raised licensing fees to EGP 6,042 from EGP 2,907. The authority had recently raised the registration fee for the Industrial Registry to EGP 4,332 from EGP 1,150.