Categories: Business

Egypt to grant ‘golden license’ in a bid to boost investment


Sun, 2022-10-30 14:38

RIYADH: Egyptian President Abdel Fattah Al-Sisi has announced granting ‘golden licenses’ to investor applicants in the north African country for a period of three months, in a bid to speed up projects and boost investment.

Al-Sisi’s directive came during the inauguration of the first International Forum and Exhibition for Industry, which is set to take place over three days in Cairo, reported Asharq.

The license will allow investors to buy or rent lands, operate and manage the projects and allocate the necessary facilities for it with just a single approval.  

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