{"id":617746,"date":"2024-03-27T00:00:00","date_gmt":"2024-03-27T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/03\/27\/six-golden-licenses-attract-egp-5-6-bn-of-fresh-investments\/"},"modified":"2024-03-27T00:00:00","modified_gmt":"2024-03-27T00:00:00","slug":"six-golden-licenses-attract-egp-5-6-bn-of-fresh-investments","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/03\/27\/six-golden-licenses-attract-egp-5-6-bn-of-fresh-investments\/","title":{"rendered":"Six golden licenses attract EGP 5.6 bn of fresh investments"},"content":{"rendered":"

GAFI hands out six golden licenses:<\/strong> The General Authority for Investments and Freezones (GAFI) has awarded six golden licenses for projects worth a combined EGP 5.6 bn, according to a statement<\/a> from the authority. <\/p>\n

The projects that have been awarded the license:<\/strong><\/p>\n

#1- A railway parts factory:<\/strong> The National Egyptian Railway Industries Company<\/a> \u2014 a joint-venture between the state and the private sector \u2014 will build and operate an EGP 3.6 bn railway parts factory in the Suez Canal Economic Zone<\/strong> for rail, metro, and high-speed train components and supplies. <\/p>\n

#2- An alternative fuels plant: <\/font><\/strong>EnviroProcess will set up an EGP 74 mn recycling plant for<\/strong> alternative fuels and fibers<\/strong> in Minya. We first heard about this<\/a> back in October. <\/p>\n

#3- Warehouse facilities in Luxor: <\/strong>Hassan Allam<\/a> will build and operate strategic warehouse<\/strong> facilities in Luxor with EGP 1.5 bn<\/strong> in investments. <\/p>\n

#4 & #5- Two new towers on the Nile Corniche: <\/strong>Nilus Hotel and Commercial Services<\/a> and Nilus Residential Services<\/a> will build a large real estate project at an investment of EGP 463.5 mn<\/strong>. The project will consist of two new towers on the Nile Corniche housing residential, commercial, and administrative units. <\/p>\n

ICYMI: <\/strong>The companies got the thumbs up<\/a> from the cabinet to build the towers on the National Democratic Party\u2019s former headquarters in March. The chairman of the Sovereign Fund of Egypt\u2019s tourism sun-fund told local media in August that the project could cost a combined USD 5 bn<\/a> and would be completed by 2Q 2028.<\/p>\n

#6- Food packaging factory: <\/strong>Limited liability company ICE LINX will build and operate a 100% export-oriented food processing and packaging plant with an investment of <\/strong>EGP 134.6 mn<\/strong> in New Borg El Arab. We heard about a similar \u2014 or possibly the same \u2014 project earlier this month<\/a> when ICE LINX was granted a golden license for the same type of plant in the same location, but with investment of up to EGP 205 mn.<\/p>\n

G<\/strong>olden licenses? <\/strong>Introduced in the Investment Act of 2017, golden licenses<\/a> create a streamlined process to set up new industrial and infrastructure projects that fit a certain list of requirements and criteria. Rather than exempting investors from the necessary approvals, the acquisition of the license serves as a one-stop shop for all necessary approvals to move forward with a project. The Madbouly government made it easier<\/a> in December 2022 for industry to receive the licenses by scrapping a minimum issued capital requirement and allowing companies to apply for it online.<\/p>\n","protected":false},"excerpt":{"rendered":"

The projects span the fields of tourism, transport, housing, internal trade, food, and green energy.<\/p>\n","protected":false},"author":1,"featured_media":617747,"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":[7272],"tags":[72,7399,103,461,2917,890,125],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-617746","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment-watch","tag-enterpriseam","tag-enviroprocess","tag-fdi","tag-gafi","tag-golden-licenses","tag-hassan-allam-holding","tag-investment-watch","wpautop","entry"],"acf":{"mongo_id":"6a5f6ab4-dbed-4304-b94c-9dd1d0da0d4d","order":"0","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/3\/2449.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Six golden licenses attract EGP 5.6 bn of fresh investments to Egypt","related_issue":[617739],"teaser":"The projects span the fields of tourism, transport, housing, internal trade, food, and green energy.","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/3\/.33206a38-a363-4b65-b268-db65fb5fe6e1.mp3"},"yoast_head":"\nSix golden licenses attract EGP 5.6 bn of fresh investments - 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\/2024\/03\/27\/six-golden-licenses-attract-egp-5-6-bn-of-fresh-investments\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Six golden licenses attract EGP 5.6 bn of fresh investments\" \/>\n<meta property=\"og:description\" content=\"The projects span the fields of tourism, transport, housing, internal trade, food, and green energy.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2024\/03\/27\/six-golden-licenses-attract-egp-5-6-bn-of-fresh-investments\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2024-03-27T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/2449.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=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" 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Utilities, as well as developer Bloom Real Estate Development, truckmaker National Company for Transport Industry(N-MCV), and Vaccine & Biotechnology City Company were the recipients of the four new golden licenses awarded by the cabinet at the start of the month,\u2026","rel":"","context":"In "Industry"","block_context":{"text":"Industry","link":"https:\/\/enterpriseam.com\/egypt\/category\/industry\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/2\/Golden-Licenses1600.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":609038,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/30\/golden-licenses-attract-mns-of-usd-in-fresh-investment\/","url_meta":{"origin":617746,"position":1},"title":"Golden licenses attract mns of USD in fresh investment","author":"enterpriseam admin","date":"30 October 2023","format":false,"excerpt":"Samsung is investing more than expected in a new phone assembly facility and EgyptSat Auto sees its first cars hitting the market in the back half of 2024","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\/2023\/10\/1432.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":590731,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/25\/japanese-auto-parts-manufacturer-given-land-for-factory\/","url_meta":{"origin":617746,"position":2},"title":"Japanese auto parts manufacturer given land for factory","author":"enterpriseam admin","date":"25 July 2023","format":false,"excerpt":"Japanese manufacturer Yazaki will begin construction of its EUR 30 mn factoryin Fayoum\u2019s first freezone after signing land contracts with local authorities, the Local Development Ministry said yesterday. It\u2019s been a while coming: The Japanese company, which produces automotive components and braided cables, has been waiting on the contracts since\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\/2023\/7\/932.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":617787,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/03\/27\/this-evening-egypt-signs-three-industrial-investment-agreements-nuca-is-taking-its-first-sukuk-issuance-to-market\/","url_meta":{"origin":617746,"position":3},"title":"THIS EVENING: Egypt signs three industrial investment agreements + NUCA is taking its first sukuk issuance to market","author":"enterpriseam admin","date":"27 March 2024","format":false,"excerpt":"Good afternoon, wonderful people. We have a mixed bag of news on the local front as the week begins to wind down.** A QUICK PROGRAMMING NOTE- EnterprisePM is taking a publication holiday and will be back in your inboxes at the usual time Sunday afternoon. We\u2019ll be publishing the Weekend\u2026","rel":"","context":"In "WHAT WE\u2019RE TRACKING TONIGHT"","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/12\/969.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":617746,"position":4},"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 "Cabinet watch"","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":[]},{"id":607359,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/02\/japanese-firms-talk-renewables-green-fuel-investments-with-sczone-plus-gafis-plans-for-silver-licenses-sfe-interest-in-egycop\/","url_meta":{"origin":617746,"position":5},"title":"Japanese firms talk renewables, green fuel investments with SCZone. PLUS: GAFI\u2019s plans for silver licenses + SFE interest in EgyCOP","author":"enterpriseam admin","date":"2 October 2023","format":false,"excerpt":"The Japanese delegation was joined by local and international energy companies operating in the country","rel":"","context":"In "Also on our Radar"","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\/2023\/10\/105.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\/617746","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=617746"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/617746\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/617739"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/617747"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=617746"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=617746"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=617746"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=617746"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=617746"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}