Hossam Heiba, CEO of the General Authority for Investment and Free Zones (GAFI), said that the golden licence is new of its kind and reflects a completely different stage in terms of improving the investment environment, by ending the usual long periods taken for granting licences for new projects. He said that the golden licence is a turning point.
The General Authority for Investment and Free Zones has granted recently the golden licence to 13 companies.
Haiba pointed out that nine of those companies were granted the golden licence in December, and four other companies were granted the licence a week ago. He also stressed that this comes within the framework of the state’s efforts to provide more facilities and incentives, to encourage companies and investors, local or foreign, and expedite the implementation of various development projects worthy of obtaining golden licenses.
He said that during the ceremony, the golden licence was granted in accordance with the decisions issued in this regard by Prime Minister Mostafa Madbouly, to Yazaki Electrical Distribution Systems Company, Al-Araby Group, SE Wiring Systems, and Hyper Electric Egypt Limited, Grifols Egypt Company for Plasma Derivatives, Misr Green Hydrogen Company, Misr Green Ammonia Company, City of Vaccines and Biotechnology Company, CFC Feed and Chemicals Company, JOVAC Vaccines Company, Hassan Allam Contracting Company, Bloom Real Estate Development Company, and National Company for Media Industry Transport and agricultural development.
Heiba added that the activities of the production companies that obtained the golden licence were in the industrial, medical, food, agricultural, construction, and technological fields.
The golden licence allows companies to establish, operate, and manage projects, and it is granted to companies that establish strategic or national projects that contribute to achieving sustainable development, according to the state’s economic development plan. It also includes companies with partnership projects between the private sector and the state, the public sector or the public business sector, in the activities of public utilities, infrastructure, renewable energy, roads and transportation, ports, communications, and information technology.