{"id":553977,"date":"2021-12-15T04:13:33","date_gmt":"2021-12-15T04:13:33","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/15\/steel-manufacturers-call-for-cheaper-licenses\/"},"modified":"2021-12-15T04:13:33","modified_gmt":"2021-12-15T04:13:33","slug":"steel-manufacturers-call-for-cheaper-licenses","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/15\/steel-manufacturers-call-for-cheaper-licenses\/","title":{"rendered":"Steel manufacturers call for cheaper licenses"},"content":{"rendered":"

<\/a> Steel manufacturers interested in new steel licenses from the Industrial <\/strong>Development Authority (IDA) want the authority to slash the license prices<\/strong>, Al Borsa<\/a> reports, citing unnamed sources close to the matter.<\/p>\n

Other industry demands reportedly lodged at a sit-down with the IDA yesterday: <\/strong>The companies requested a more flexible time frame to build out the factories and kick off operations. They also asked for more incentives, including a contractual freeze on gas and electricity prices for at least 10 years and a break on the cost of land. It\u2019s unclear whether the IDA will meet these demands, with the newspaper quoting its unnamed sources as saying the IDA had set prices following \u201cthorough\u201d market studies.<\/p>\n

What are the current prices of the licenses, anyway? <\/strong>The prices of the licenses range from EGP 62.8-345.4 mn.<\/p>\n

Refresher: <\/strong>The six licenses<\/a> up for grabs in a tender from the IDA include three permits to set up billet factories with an annual production capacity of 1.1 mn tonnes each, one to manufacture 2.5 mn tonnes of direct-reduced iron a year, and two to make iron ore with a capacity of 8 mn tonnes for each plant. The authority will open the door for bidding in February.<\/p>\n","protected":false},"excerpt":{"rendered":"

Steel manufacturers interested in new steel licenses from the Industrial Development Authority (IDA) want the authority to slash the license prices, Al Borsa reports, citing unnamed sources close to the matter. Other industry demands reportedly lodged at a sit-down with the IDA yesterday: The companies requested a more flexible time frame to build out the […]<\/p>\n","protected":false},"author":1,"featured_media":553978,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7255],"tags":[317,72,289,131],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-553977","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-manufacturing","tag-commodities","tag-enterpriseam","tag-industrial-development-authority","tag-manufacturing","wpautop","entry"],"acf":{"mongo_id":"7ab4634e-179e-46f7-84a0-0474aa707e28","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/12\/346.jpg","photo_position":"above","related_issue":[553967],"teaser":"","voice_url":""},"yoast_head":"\nSteel manufacturers call for cheaper licenses - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/12\/15\/steel-manufacturers-call-for-cheaper-licenses\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Steel manufacturers call for cheaper licenses\" \/>\n<meta property=\"og:description\" content=\"Steel manufacturers interested in new steel licenses from the Industrial Development Authority (IDA) want the authority to slash the license prices, Al Borsa reports, citing unnamed sources close to the matter. Other industry demands reportedly lodged at a sit-down with the IDA yesterday: The companies requested a more flexible time frame to build out the […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2021\/12\/15\/steel-manufacturers-call-for-cheaper-licenses\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2021-12-15T04:13:33+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2021\/12\/346.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/12\/15\/steel-manufacturers-call-for-cheaper-licenses\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/12\/15\/steel-manufacturers-call-for-cheaper-licenses\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Steel manufacturers call for cheaper licenses\",\"datePublished\":\"2021-12-15T04:13:33+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/12\/15\/steel-manufacturers-call-for-cheaper-licenses\/\"},\"wordCount\":205,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/12\/15\/steel-manufacturers-call-for-cheaper-licenses\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2021\/12\/346.jpg?fit=%2C&ssl=1\",\"keywords\":[\"commodities\",\"EnterpriseAM\",\"Industrial Development Authority\",\"Manufacturing\"],\"articleSection\":[\"Manufacturing\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/12\/15\/steel-manufacturers-call-for-cheaper-licenses\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2021\/12\/15\/steel-manufacturers-call-for-cheaper-licenses\/\",\"name\":\"Steel manufacturers call for cheaper licenses - 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Depending on the size of the project, fees for amending industrial registries jumped to EGP 3,800-37,770, while fees for issuing temporary licenses was increased to EGP 4,700-23,450. Investors\u2019 associations sent a\u2026","rel":"","context":"In "Manufacturing"","block_context":{"text":"Manufacturing","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/manufacturing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":573484,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/06\/ida-to-offer-10-mn-sqm-of-industrial-land-in-fy2020-2021\/","url_meta":{"origin":553977,"position":1},"title":"IDA to offer 10 mn sqm of industrial land in FY2020-2021","author":"enterpriseam admin","date":"6 August 2020","format":false,"excerpt":"The Industrial Development Authority (IDA) is planning to tender 10 mn sqm of industrial land in FY2020-2021, according to the local press, citing unnamed government sources.","rel":"","context":"In "Manufacturing"","block_context":{"text":"Manufacturing","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/manufacturing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":653153,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/30\/six-companies-apply-for-new-cement-licenses\/","url_meta":{"origin":553977,"position":2},"title":"Six companies apply for new cement licenses","author":"enterpriseam admin","date":"30 January 2017","format":false,"excerpt":"Six companies have reportedly filed papers to acquire cement production licenses from the Industrial Development Authority (IDA), unnamed sources tell Al Mal. The IDA tendered 14 cement licenses at the end of 2016, but only awarded three (to Egyptian Cement, South Valley Cement, and El Sewedy Cement). The IDA then\u2026","rel":"","context":"In "Basic Materials + Commodities"","block_context":{"text":"Basic Materials + Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/basic-materials-commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":562206,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/11\/wanna-invest-in-some-industrial-zones\/","url_meta":{"origin":553977,"position":3},"title":"Wanna invest in some industrial zones?","author":"enterpriseam admin","date":"11 May 2021","format":false,"excerpt":"Industrial investors can expect more clarity on how to create and manage both industrial zones and businesses that operate in them after the Trade and Industry Ministry approved yesterday the executive regulations to the law regulating the Industrial Development Authority (IDA). The Madbouly government will also be making public its\u2026","rel":"","context":"In "REGULATION WATCH"","block_context":{"text":"REGULATION WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/regulation-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/5\/108.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":653104,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/29\/industrial-development-authority-gives-investors-one-month-to-explain-project-delays-before-withdrawing-licenses\/","url_meta":{"origin":553977,"position":4},"title":"Industrial Development Authority gives investors one month to explain project delays before withdrawing licenses","author":"enterpriseam admin","date":"29 January 2017","format":false,"excerpt":"The Industrial Development Authority (IDA) is granting \u201cnon-serious\u201d investors a grace period of one month to explain why they have failed to launch the projects on the land allocated to them in industrial zones, before revoking the licenses and land from investors without valid explanations, according to Al Borsa. According\u2026","rel":"","context":"In "Other Business News of Note"","block_context":{"text":"Other Business News of Note","link":"https:\/\/enterpriseam.com\/egypt\/category\/other-business-news-of-note\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":627456,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/03\/ida-to-reexamine-higher-fees-for-industrial-licensing\/","url_meta":{"origin":553977,"position":5},"title":"IDA to reexamine higher fees for industrial licensing","author":"enterpriseam admin","date":"3 June 2018","format":false,"excerpt":"IDA to take a second look at higher fees for industrial licensing: IDA to The Industrial Development Authority (IDA) is said to be reexamining a new set of higher fees it issued last week amid complaints from businessmen and investors, the head of Parliament\u2019s SMEs Committee, Mohamed El Morshedy, tells\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/553977","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=553977"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/553977\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/553967"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/553978"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=553977"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=553977"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=553977"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=553977"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=553977"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}