{"id":565392,"date":"2021-04-06T13:40:21","date_gmt":"2021-04-06T13:40:21","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/06\/whats-up-with-the-tobacco-license-tender\/"},"modified":"2021-04-06T13:40:21","modified_gmt":"2021-04-06T13:40:21","slug":"whats-up-with-the-tobacco-license-tender","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/06\/whats-up-with-the-tobacco-license-tender\/","title":{"rendered":"What\u2019s up with the tobacco license tender?"},"content":{"rendered":"

<\/a> The tender for a license to set up Egypt\u2019s second tobacco company appears to be<\/strong> scheduled to go ahead later this month<\/strong>, after the Industrial Development Authority (IDA) decided over the weekend to shelve the tender<\/a>, the local press<\/a> reported, citing an unnamed IDA source. Two industry sources who spoke with Reuters over the weekend suggested the bidding round \u2014 which was originally scheduled for today \u2014 would be put on ice for a while longer, saying at the time it was postponed \u201cindefinitely.\u201d<\/p>\n

The deadline for lodging bids is now likely to be set on 18 or 20 April<\/strong>, with the auction for the license slated for 6 June, the IDA sources say. We reached out to the IDA, Federation of Egyptian Industries and Eastern, but nobody\u2019s talking.<\/p>\n

Why the postponement?<\/strong> The authority wants to address some companies\u2019 inquiries on the terms of the license and amend the conditions amid allegations that the authority set unfavorable terms, the source added.<\/p>\n

Background<\/strong>: A tender for the license<\/a> was launched in March, bringing with it the prospect of ending state-owned Eastern Company\u2019s monopoly on the tobacco industry. The sale stopped in its tracks a few days later, when tobacco players submitted a complaint with the competition watchdog alleging that the license violated antitrust rules<\/a>, before another complaint was filed to the Federation of Egyptian Industries demanding that the IDA put the tender on ice<\/a> and revise its terms.<\/p>\n","protected":false},"excerpt":{"rendered":"

The tender for a license to set up Egypt\u2019s second tobacco company appears to be scheduled to go ahead later this month, after the Industrial Development Authority (IDA) decided over the weekend to shelve the tender, the local press reported, citing an unnamed IDA source. Two industry sources who spoke with Reuters over the weekend […]<\/p>\n","protected":false},"author":1,"featured_media":565393,"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":[10105],"tags":[1978,247,633,289,7401],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-565392","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round-competition-watch","tag-competition-watch","tag-eastern-company","tag-enterprisepm","tag-industrial-development-authority","tag-tobacco","wpautop","entry"],"acf":{"mongo_id":"10e3a486-7485-46a5-ae1c-2cc9a9b6790a","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/4\/350.jpg","photo_position":"above","related_issue":[565385],"teaser":"","voice_url":""},"yoast_head":"\nWhat\u2019s up with the tobacco license tender? - 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\/04\/06\/whats-up-with-the-tobacco-license-tender\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What\u2019s up with the tobacco license tender?\" \/>\n<meta property=\"og:description\" content=\"The tender for a license to set up Egypt\u2019s second tobacco company appears to be scheduled to go ahead later this month, after the Industrial Development Authority (IDA) decided over the weekend to shelve the tender, the local press reported, citing an unnamed IDA source. 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The bidding round was slated to be held this Tuesday. Companies were informed about the decision one\u2026","rel":"","context":"In "COMPETITION WATCH"","block_context":{"text":"COMPETITION WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/competition-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":561186,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/29\/the-latest-on-eastern-co\/","url_meta":{"origin":565392,"position":1},"title":"The latest on Eastern Co.","author":"enterpriseam admin","date":"29 March 2021","format":false,"excerpt":"New, more competitive terms for the license to establish Egypt\u2019s second major tobacco company could be introduced after several tobacco players filed a formal complaint with the Federation of Egyptian Industries\u2019 tobacco division. The complaint looks to scrap the conditions booklet the Industrial Development Authority (IDA) had issued for the\u2026","rel":"","context":"In "COMPETITION WATCH"","block_context":{"text":"COMPETITION WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/competition-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":558237,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/02\/good-news-for-fdi-watchers\/","url_meta":{"origin":565392,"position":2},"title":"Good news for FDI watchers","author":"enterpriseam admin","date":"2 August 2021","format":false,"excerpt":"Tobacco giant Philip Morris is among several tobacco companies with local operations that are said to be interested in bidding for a license to set up Egypt\u2019s second tobacco company, Federation of Egyptian Industries\u2019 (FEI) cigarettes division Head Ibrahim Embaby told Al Mal. The period during which companies could submit\u2026","rel":"","context":"In "Investment Watch"","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/8\/51.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":553523,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/07\/tobacco-tender-is-back-on\/","url_meta":{"origin":565392,"position":3},"title":"Tobacco tender is back on","author":"enterpriseam admin","date":"7 December 2021","format":false,"excerpt":"Bringing a new tobacco competitor into the market, take three: The Industrial Development Authority (IDA) has relaunched a tender for a license to manufacture cigarettes, potentially ending the historical monopoly by state-owned Eastern Company, Masrawy reports. The license would allow for the establishment of Egypt\u2019s second major tobacco company, entering\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\/2021\/12\/243.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":563687,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/13\/tobacco-license-tender-to-be-rolled-out-on-1-august\/","url_meta":{"origin":565392,"position":4},"title":"Tobacco license tender to be rolled out on 1 August","author":"enterpriseam admin","date":"13 July 2021","format":false,"excerpt":"Tobacco license tender goes live in August: Tobacco players will be able to bid for a license to establish Egypt\u2019s second major tobacco company from 1 August in the second iteration of a tender that was pulled earlier this year after attracting criticism for containing unfair terms, Al Shorouk reports.\u2026","rel":"","context":"In "COMPETITION WATCH"","block_context":{"text":"COMPETITION WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/competition-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/7\/182.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":561906,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/26\/smoke-em-if-youve-got-em\/","url_meta":{"origin":565392,"position":5},"title":"Smoke \u2018em if you\u2019ve got \u2018em","author":"enterpriseam admin","date":"26 April 2021","format":false,"excerpt":"New rules for the license to establish Egypt\u2019s second major tobacco company are now officially being drawn up by the government, a month after several tobacco players filed a formal complaint asking the state to rewrite the conditions booklet, the local press reports, citing anonymous government sources. 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