Egypt’s Golden License Drives $1.2B in New Strategic Investment Inflows, Industry Leader Confirms
Alaa Nasr El-Din, Senior Vice-Chairman of the Wood and Furniture Industry Chamber at the Federation of Egyptian Industries, has hailed the "Golden License" as a pivotal engine for attracting foreign direct investment (FDI). His remarks follow the government’s recent issuance of 8 new Golden Licenses to Egyptian, Arab, and foreign projects across strategic sectors including energy, logistics, and manufacturing. These projects represent a combined investment of $1.2 billion, alongside EGP 16 billion in local capital.
Nasr El-Din emphasized that the Golden License—a unified approval covering land allocation, construction, and operation—effectively eliminates bureaucratic bottlenecks. With over 52 companies already benefiting from the license since 2023, Egypt aims to double this number to 102 by 2030. According to Nasr El-Din, this streamlined approach is a "vital artery" for capital injection, reinforcing Egypt’s competitive edge in the global industrial landscape.