{"id":581229,"date":"2023-02-22T00:00:00","date_gmt":"2023-02-22T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/22\/govt-reveals-names-of-4-companies-awarded-golden-licenses\/"},"modified":"2023-02-22T00:00:00","modified_gmt":"2023-02-22T00:00:00","slug":"govt-reveals-names-of-4-companies-awarded-golden-licenses","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/22\/govt-reveals-names-of-4-companies-awarded-golden-licenses\/","title":{"rendered":"Gov\u2019t reveals names of 4 companies awarded golden licenses"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\"><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"> <\/span><span style=\"font-weight:700\">They\u2019ve got a golden license: <\/span><span style=\"\">Our friends at<\/span><span style=\"font-weight:700\"> <\/span><span style=\"\">Hassan Allam Utilities<\/span><span style=\"\">, as well as <\/span><span style=\"\">developer <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.bloomegy.net\/home\" style=\"\">Bloom Real Estate Development<\/a><\/span><span style=\"\">, truckmaker <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/n-mcv.com\/\" style=\"\">National Company for Transport Industry<\/a><\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/n-mcv.com\/\" style=\"\">(N-MCV<\/a><\/span><span style=\"\">), and <\/span><span style=\"\">Vaccine & Biotechnology City Company<\/span><span style=\"\"> were the recipients of the <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.press\/stories\/2023\/02\/02\/more-golden-licenses-oil-exploration-on-the-cabinet-agenda-95287\/\" style=\"\">four new golden licenses<\/a><\/span><span style=\"\"> awarded by the cabinet at the start of the month, the <\/span><span style=\"\">General Authority for Investment and Freezones <\/span><span style=\"\">(GAFI) <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/m.facebook.com\/story.php?story_fbid=pfbid032NVreEM35oYqdAmzmiPDGBB4jr2KUPdroy6GZMYtZ427bmz5NUQr1GB4fXZqyoCbl&id=100064351975403&mibextid=qC1gEa\" style=\"\">said<\/a><\/span><span style=\"font-weight:400;\"> yesterday.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">What we don\u2019t know:<\/span><span style=\"\"> GAFI didn\u2019t disclose which projects <\/span><span style=\"\">were awarded the licenses. <\/span><span style=\"\">We <\/span><span>weren\u2019t able to find any publicly-available information about the ownership and operations of <\/span><span style=\"\">N-MCV<\/span><span style=\"font-weight:400;\">. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">And what we do:<\/span><span style=\"\"> Vaccine & Biotechnology City is a comp<\/span><span style=\"\">any owned by the military\u2019s<\/span><span style=\"\"> National <\/span><span style=\"\">Services Projects Organization (NSPO), and is building a 115k m2 vaccine manufacturing complex on the Cairo-Ismailia desert road. Bloom Real Estat<\/span><span style=\"\">e is planning a number of developments in New Zaye<\/span><span style=\"font-weight:400;\">d.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">That makes 13 so far: <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.press\/stories\/2022\/12\/15\/egypt-approves-usd-5-5-bn-green-ammonia-plant-91315\/\" style=\"\">Nine golden licenses<\/a><\/span><span style=\"font-weight:400;\"> were awarded to mega projects late last year,  including a USD 5.5 bn green ammonia plant in Ain Sokhna and an EGP 8.8 bn home and electrical appliances manufacturing and assembly facility group in Menoufia. The GAFI statement doesn\u2019t give details of the projects for which the four new firms have been granted licenses. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Golden licenses? <\/span><span>Golden licenses fast-track new industrial and infrastructure projects. Also known as \u201csingle approval licenses,\u201d they allow investors to require only one approval that covers everything from establishing the project, land allocation and building licensing, through to operation and management. You can <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.press\/industries\/enterprise-explains-golden-licenses-for-industry\/\" style=\"\">check our guide on the golden license here<\/a><\/span><span style=\"font-weight:400;\">.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">More to come:<\/span><span style=\"\"> <\/span><span style=\"\">GAFI is working on issuing new <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.press\/stories\/2023\/01\/29\/could-more-industrial-players-gain-access-to-government-support-programs-94766\/\" style=\"\">diamond and silver-tiered licenses<\/a><\/span><span style=\"\"> to investors depending on each sector\u2019s priorities, GAFI head Hossam Heiba told us in January. It\u2019s also working with the Industrial Development Authority to release a <\/span><span style=\"\">new investment map<\/span><span style=\"\"> with an estimated 1k available plots of land and 86 pilot projects in key industries up for grabs. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">REMEMBER- <\/span><span style=\"\">The minimum capital requirement of EGP 200 mn for businesses looking to apply for golden licenses was <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.press\/stories\/2022\/12\/08\/it-just-got-easier-for-industry-to-get-golden-licenses-90643\/\" style=\"\">scrapped<\/a><\/span><span style=\"\"> back in December in a bid to make it easier for investors to obtain the licenses. Companies can apply for a golden license online through the <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.cabinet.gov.eg\/GoldLicense\" style=\"\">cabinet\u2019s website.<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>They\u2019ve got a golden license: Our friends at Hassan Allam Utilities, as well as developer Bloom Real Estate Development, truckmaker National Company for Transport Industry(N-MCV), and Vaccine &#038; Biotechnology City Company were the recipients of the four new golden licenses awarded by the cabinet at the start of the month, the General Authority for Investment [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":581230,"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":[8661],"tags":[72,461,2917,7196,131,10559],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-581229","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry","tag-enterpriseam","tag-gafi","tag-golden-licenses","tag-industry","tag-manufacturing","tag-nspo","wpautop","entry"],"acf":{"mongo_id":"87652563-d0ea-4bdd-bf65-b1ccedb390f3","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/2\/Golden-Licenses1600.jpg","photo_position":"below","homepage_title":"","full_issue_title":"","related_issue":[581222],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/2\/.7853ab3f-0369-4cec-99d2-9cf8469ef487.mp3"},"yoast_head":"<!-- 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approvals for four more golden licenses + 13 oil agreements: Prime Minister Moustafa Madbouly and his ministers took steps towards granting more golden licenses and oil agreements at this week\u2019s cabinet meeting, according to a statement.More golden licenses to come: The cabinet granted four unnamed companies \u2014\u2026","rel":"","context":"In &quot;Cabinet watch&quot;","block_context":{"text":"Cabinet watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/regulation\/cabinet-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/2\/34.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":577892,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/08\/it-just-got-easier-for-industry-to-get-golden-licenses\/","url_meta":{"origin":581229,"position":1},"title":"It just got easier for industry to get golden licenses","author":"enterpriseam admin","date":"8 December 2022","format":false,"excerpt":"It was all about boosting foreign investment at the cabinet\u2019s weekly meeting, where ministers widened the scope of industrial and automotive investment incentives and approved the first land sale in foreign currency to an unnamed Gulf investor.Companies applying for the government\u2019s golden license for industry will no longer need to\u2026","rel":"","context":"In &quot;Cabinet watch&quot;","block_context":{"text":"Cabinet watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/regulation\/cabinet-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/12\/156.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":577781,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/05\/progress-on-golden-licenses\/","url_meta":{"origin":581229,"position":2},"title":"Progress on golden licenses","author":"enterpriseam admin","date":"5 December 2022","format":false,"excerpt":"CUSTOMS-New customs rules aim to clear backlogs at ports: The Customs Authority is obliging importers to submit import approvals from the General Authority for Freezones and Investment (GAFI) before they request an ACID number for their shipments, Al Borsa reports. Importers were previously able to apply for GAFI approval after\u2026","rel":"","context":"In &quot;Also on our Radar&quot;","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/12\/71.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":584396,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/03\/30\/egypt-to-ease-payment-terms-for-industrial-land-purchases-plus-bosch-subsidiary-turkeys-beko-get-golden-licenses\/","url_meta":{"origin":581229,"position":3},"title":"Egypt to ease payment terms for industrial land purchases. PLUS: Bosch subsidiary + Turkey\u2019s Beko get golden licenses","author":"enterpriseam admin","date":"30 March 2023","format":false,"excerpt":"Investors will pay a 10% down payment and get a two-year grace period","rel":"","context":"In &quot;Cabinet watch&quot;","block_context":{"text":"Cabinet watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/regulation\/cabinet-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/3\/676.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":579338,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/02\/madboulys-big-presser-steals-the-show\/","url_meta":{"origin":581229,"position":4},"title":"Madbouly\u2019s big presser steals the show","author":"enterpriseam admin","date":"2 February 2023","format":false,"excerpt":"The privatization program, a lifeline for real estate developers, and golden licenses to industry dominated the conversation on last night\u2019s talk shows, as the pundits digested the torrent of news unleashed by Prime Minister Moustafa Madbouly at his post-cabinet meeting presser. We have the full story on all the PM\u2019s\u2026","rel":"","context":"In &quot;LAST NIGHT\u2019S TALK SHOWS&quot;","block_context":{"text":"LAST NIGHT\u2019S TALK SHOWS","link":"https:\/\/enterpriseam.com\/egypt\/category\/last-nights-talk-shows\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/2\/42.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":590564,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/24\/gennecs-huge-vaccine-plant-four-other-projects-receive-golden-licenses\/","url_meta":{"origin":581229,"position":5},"title":"Gennecs\u2019 huge vaccine plant + four other projects receive golden licenses","author":"enterpriseam admin","date":"24 July 2023","format":false,"excerpt":"The plant is expected to produce 300 mn vaccines a year, making it the largest of its kind in the MENA region","rel":"","context":"In &quot;Cabinet watch&quot;","block_context":{"text":"Cabinet watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/regulation\/cabinet-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/7\/860.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/581229","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=581229"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/581229\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/581222"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/581230"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=581229"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=581229"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=581229"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=581229"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=581229"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}