President of the General Investment Authority (GAFI) Hossam Heiba reviewed the efforts recently made by the Egyptian government to facilitate and accelerate the procedures for registering companies, opening their headquarters in Egypt, and creating an attractive investment environment. He said that 13 golden licences have been granted to companies, and 40 others are currently under study.
He stressed that the government aims to generalize the golden license experience for all industries and sectors. Heiba mentioned this during his meeting with representatives of the Greek company Mytilineos operating in the energy and industry sectors, in the presence of Noha Kamal, head of the commercial representation office at the Egyptian Embassy in Athens, and Ahmed Mongi Badr, representative of the European Union administration in commercial representation, in order to discuss opportunities for investment in Egypt.
The company is considering pumping investments in Egypt during the coming period, in the fields of building solar power plants, storage batteries, new and renewable energy, oil and natural gas, infrastructure and sustainable engineering solutions, in light of the extensive experience that the company has in these areas.
Heiba stated that there are 23 memorandums of understanding (MoUs) that have already been signed in the field of green hydrogen production, including nine framework agreements under implementation. He added that there are many companies that are interested in pumping more investment to produce ammonia and green hydrogen for exportation purposes, especially In light of the approved incentives for investment in this sector and with the availability of advanced infrastructure and surplus energy and other investment elements in Egypt.
Mytilineos is a leading global company in the fields of energy and industrial fields and is present in the five continents of the world. Its activities are focused on two main sectors: the energy and mineral sector in Europe.