- Projects encompass key productive sectors, including automotive manufacturing, silicon refining, soda ash, food industries, energy, linen, textiles, and office supplies.
- Eight (8) projects with total investments of USD 1.2 billion and EGP 16 billion.
Dr. Mohamed Farid stated that:
- The Golden License serves as an effective mechanism to attract investment flows by simplifying procedures and enhancing Egypt’s investment and export capabilities.
- We are accelerating the digitalization of incorporation, licensing, and business start-up procedures to strengthen confidence in the business environment.
As part of the ongoing efforts of the Ministry of Investment and Foreign Trade (MIFT) to strengthen Egypt’s position as an investment destination amid rapid global developments, Dr. Mohamed Farid Saleh, Minister of Investment and Foreign Trade (MIFT Minister), granted eight (8) Golden Licenses to Egyptian, Arab, and foreign projects in the energy, transport, manufacturing, logistics, and food sectors. The projects represent total foreign currency investments of USD 1.2 billion and local investments of approximately EGP 16 billion.
The Golden License is a comprehensive approval granted to investors for incorporating, operating, and managing projects, eliminating the need to obtain multiple approvals from different authorities. The State issues a comprehensive license encompassing project incorporation, construction permits, operating licenses, and land allocation, and such license is issued within 20 working days upon submission of complete documentation.
The ceremony was attended by Major General Yasser Abbas, Deputy CEO of the General Authority for Investment and Free Zones (GAFI), and Mr. Mohamed Ayad, Advisor to MIFT, along with a group of investors.
Dr. Farid, MIFT Minister, emphasized that granting Golden Licenses to some projects reflects the State’s commitment to accelerating investment, improving the efficiency and attractiveness of the business environment, and strengthening investor confidence in the Egyptian economy to support sustainable growth.
He added that attracting investments in vital sectors such as energy, transport, manufacturing, and logistics highlights Egypt’s ability to draw high-quality projects that contribute to increased production, exports, and job opportunities.
Moreover, the Minister noted that MIFT is working to fully digitalize licensing procedures to reduce processing times and eliminate bureaucracy, supporting Egypt’s transformation into a regional hub for industrial innovation and advanced logistics services, in line with the recent efforts, including the launch of GAFI’s e-licensing platform.
The Golden License has been granted to the following projects:
- Automotive Factory with Investments of EGP 6.35 billion:
MIFT Minister awarded The Golden License to MAC Egypt for Manufacturing Transport Means to establish an integrated automotive manufacturing and assembly factory (gasoline, electric, and hybrid vehicles) in New 6th of October City. The project is expected to provide 1000 job opportunities and be completed by January 2027.
- Dry Port with Investments of USD 115.4 Million
Dr. Farid awarded The Golden License to MEDLOG (Switzerland) to develop and operate a dry port and logistics center in 10th of Ramadan City under a public-private partnership model. The project is expected to provide 650 job opportunities and be completed by June 30, 2027.
- Soda Ash Production Factory with investments of USD 680 million
The Egyptian Soda Ash Company received the Golden License, which was handed over by the Minister to the company’s officials to establish a factory for the production of soda ash and its derivatives (sodium bicarbonate) on a surface area of 1.121 million square meters in Matrouh Governorate, with investments of USD 680 million. The project is expected to be completed by 30 June 2027 and will provide 600 direct job opportunities and 2000 indirect job opportunities.
- Silicon Manufacturing and Refining Factory with investments of USD 172 million
Dr. Farid granted the Golden License to the Egyptian Alamein for Silicon Products Company (ASP) to establish and operate a factory for the manufacturing and purification of silicon and its alternatives, with investments of USD 172 million. The project is expected to be completed by 30 June 2027 and will provide 250 direct job opportunities and 2000 indirect job opportunities.
- Wind Power Electricity Generation Project with Investments of USD 207.5 Million
The Golden License was also granted to Masdar Infinity Power Holding (IPH) – a joint Emirati-Egyptian project – to implement a wind power electricity generation project with an investment of USD 207.5 million. Commercial operations are expected to begin on May 31, 2027, providing approximately 2000 job opportunities for workers, technicians, and engineers during the construction and operational phases.
- Factory for Office and Stationery Supplies with Investments of EGP 8.7 billion
The Minister granted the Golden License to Deli Egypt Industrial Company, a Chinese enterprise, to establish a factory for office, school, and sports supplies in 10th of Ramadan City, with an investment of EGP 8.74 billion. The project is expected to provide 2200 job opportunities and is scheduled for completion by 15 February 2027.
- Chinese Spinning and Textile Factory with Investments of USD 58 Million
The Chinese company Kingdom Linen received the Golden License to establish and operate a linen, spinning, and textile factory in Sadat City, with a commitment to export 100% of its production. The project involves an investment of USD 58 million and is expected to be completed by January 2027.
- Food Factory with Investments of EGP 1 billion
The Egyptian company Alamir for Agricultural Products received the Golden License to establish a complex for processing and packaging vegetables and fruits, as well as producing tomato paste in Sadat City. The project involves an investment of EGP 1 billion, is expected to be completed by October 2027, and will provide 400 job opportunities.
- Golden License Projects
The Golden License is granted to projects that contribute to the State’s development plans based on criteria including capital, land surface area, and employment, particularly those that add value to the national economy.
The total number of companies that have obtained The Golden License has exceeded 52 as of early March.
The granting of such licenses comes as part of the State’s efforts to accelerate the implementation of investment projects, enhance the private sector’s contribution to economic development, and boost exports.
