{"id":622731,"date":"2018-10-10T05:44:45","date_gmt":"2018-10-10T05:44:45","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/10\/government-could-do-away-with-license-auctions-for-cement-and-steel-manufacturing\/"},"modified":"2018-10-10T05:44:45","modified_gmt":"2018-10-10T05:44:45","slug":"government-could-do-away-with-license-auctions-for-cement-and-steel-manufacturing","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/10\/government-could-do-away-with-license-auctions-for-cement-and-steel-manufacturing\/","title":{"rendered":"Government could do away with license auctions for cement and steel manufacturing"},"content":{"rendered":"

The Trade and Industry Ministry is reportedly considering amendments to the rules that govern the issuing of manufacturing licenses for heavy duty industries such as cement and steel, government sources said yesterday<\/a>. The proposed changes \u2014 which have been submitted to the Madbouly Cabinet for review \u2014 would base the fees for manufacturing licenses on a project\u2019s investment cost, doing away with the current system that awards licenses to the highest bidder at auctions, which the government now sees as off-putting for investors. No further details were provided. The Industrial Development Authority had previously said<\/a> it would issue licenses only to manufacturers that can go up the value chain.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Trade and Industry Ministry is reportedly considering amendments to the rules that govern the issuing of manufacturing licenses for heavy duty industries such as cement and steel, government sources said yesterday. The proposed changes \u2014 which have been submitted to the Madbouly Cabinet for review \u2014 would base the fees for manufacturing licenses on […]<\/p>\n","protected":false},"author":1,"featured_media":0,"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":[72,131],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-622731","post","type-post","status-publish","format-standard","hentry","category-manufacturing","tag-enterpriseam","tag-manufacturing","wpautop","entry"],"acf":{"mongo_id":"4d461873-6a84-4dd0-bf5a-44caf8199ba8","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","full_issue_title":"Government could do away with license auctions for cement and steel manufacturing","related_issue":[622700],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/6\/.36f4e1b4-2df7-4006-a599-73bbf26cd18b.mp3"},"yoast_head":"\nGovernment could do away with license auctions for cement and steel manufacturing - 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\/2018\/10\/10\/government-could-do-away-with-license-auctions-for-cement-and-steel-manufacturing\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Government could do away with license auctions for cement and steel manufacturing\" \/>\n<meta property=\"og:description\" content=\"The Trade and Industry Ministry is reportedly considering amendments to the rules that govern the issuing of manufacturing licenses for heavy duty industries such as cement and steel, government sources said yesterday. The proposed changes \u2014 which have been submitted to the Madbouly Cabinet for review \u2014 would base the fees for manufacturing licenses on […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/10\/government-could-do-away-with-license-auctions-for-cement-and-steel-manufacturing\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-10-10T05:44:45+00:00\" \/>\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\/2018\/10\/10\/government-could-do-away-with-license-auctions-for-cement-and-steel-manufacturing\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/10\/government-could-do-away-with-license-auctions-for-cement-and-steel-manufacturing\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Government could do away with license auctions for cement and steel manufacturing\",\"datePublished\":\"2018-10-10T05:44:45+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/10\/government-could-do-away-with-license-auctions-for-cement-and-steel-manufacturing\/\"},\"wordCount\":120,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"Manufacturing\"],\"articleSection\":[\"Manufacturing\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/10\/government-could-do-away-with-license-auctions-for-cement-and-steel-manufacturing\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/10\/government-could-do-away-with-license-auctions-for-cement-and-steel-manufacturing\/\",\"name\":\"Government could do away with license auctions for cement and steel manufacturing - 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Abdel Razek did not reveal the names of the companies. The IDA tendered 14 cement licenses at the end of 2016, but only awarded\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":570946,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/04\/23\/egypt-was-considering-new-cement-steel-licenses-despite-supply-glut\/","url_meta":{"origin":622731,"position":1},"title":"Egypt was considering new cement, steel licenses despite supply glut","author":"enterpriseam admin","date":"23 April 2020","format":false,"excerpt":"Was the gov\u2019t considering new cement licenses in FY2020-21? The government was planning to license new cement producers starting July despite a supply glut in the industry, according to a document breaking down the FY2020-2021 budget seen by Reuters\u2019 Arabicservice. A figure showing that the state expects to make EGP\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\/2020\/4\/197.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":652612,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/15\/saudi-egyptian-ready-mix-delta-cement-apply-for-cement-licenses-left-over-from-cement-auction\/","url_meta":{"origin":622731,"position":2},"title":"Saudi Egyptian Ready Mix, Delta Cement apply for cement licenses left over from cement auction","author":"enterpriseam admin","date":"15 January 2017","format":false,"excerpt":"Saudi Egyptian Ready Mix and Delta Cement have applied for cement licenses that went unclaimed during last year's cement production license auction. The Industrial Development Authority (IDA) had received approval from the Ismail cabinet to offer the remaining licenses until the end of 2017, an unidentified government source told Al\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":650118,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/16\/cement-market-sees-18-mn-tons-surplus-in-supply-during-2016\/","url_meta":{"origin":622731,"position":3},"title":"Cement market sees 18 mn tons surplus in supply during 2016","author":"enterpriseam admin","date":"16 March 2017","format":false,"excerpt":"The cement market produced 18 mn tons more than the local market wanted to buy last year, with total production reaching 72 mn tons, Al Tameer Cement\u2019s Managing Director Samir Sabry said at the Egypt Builders Conference yesterday, according to an emailed statement. Sabry said that the surplus can be\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":598098,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/14\/govt-mulling-issuing-new-licenses-to-resolve-turmoil-in-steel-market\/","url_meta":{"origin":622731,"position":4},"title":"Gov\u2019t mulling issuing new licenses to resolve turmoil in steel market","author":"enterpriseam admin","date":"14 May 2019","format":false,"excerpt":"The Trade and Industry Ministry is mulling issuing four \u201cexceptional\u201d steel manufacturing licenses to resolve recent instability in the steel market resulted from a decision by the ministry last month to impose a 15% duty tax on steel imports, an Industrial Development Authority official said, according to Hapi Journal. The\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":597404,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/25\/more-than-half-of-egyptian-factories-operating-below-75-capacity\/","url_meta":{"origin":622731,"position":5},"title":"More than half of Egyptian factories operating below 75% capacity","author":"enterpriseam admin","date":"25 July 2019","format":false,"excerpt":"Almost two-thirds of Egyptian factories are operating below 75% capacity, government sources told the local press. The government aims to raise industrial production by 17% this fiscal year to EGP 237 bn, up from EGP 203 bn last year. 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