Three projects secure golden licenses: The Madbouly government approved decisions granting three projects golden licenses during its weekly meeting yesterday. The projects are:

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#1- The USD 58 mn freezone for linen and textile production in Sadat City — dubbed Kingdom Linen. The facility will create 500 jobs and is scheduled for completion by January 2027. The zone will export 100% of its annual capacity — 3.8k tons of linen yarn output — and reach a 30% local content ratio within three years.

REMEMBER- The cabinet approved the decision to set up the freezone back in October 2024.

#2- Masdar, Infinity’s 200 MW wind farm: Our friends at renewables firm Infinity Power and Emirati state-run renewables giant Masdar secured a golden license for their 200 MW wind farm in Ras Ghareb. Once it starts feeding the national grid in May 2027, the farm will help the Madbouly government save an estimated 175 mn cubic meters of natural gas annually. It’s expected to create around 2k jobs during the construction and operational phases.

ICYMI- The Egyptian Electricity Transmission Company will purchase the power produced, under a trilateral purchase power agreement inked last year. The project will cost some USD 216.7 mn.

#3- Agro-industrial complex from Alamir gets the go-ahead: Local agriculture player AlamirGroup also received a golden license for its planned complex in Sadat City. The company will establish multiple factories to process, package, and export fruits, vegetables, tomato paste, and other agro-products. The project will export more than 70% of its output while relying on 80-90% locally sourced raw materials. Scheduled to begin operations in October 2027, the facility is expected to provide 400 jobs and deepen Egypt’s agricultural value chain.

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