CAIRO – The government has adopted several measures to facilitate the industrial investment reform, promote the industrial activity, carry out new projects and expand in the ongoing projects, affirmed Trade and Industry Minister Nevine Gamea.
Speaking during a press conference on Thursday, Gamea said that such measures mainly aim to locally produce a qualified product, affirming that the measures taken by the government aim to increase exports and improve the investment climate.
In a bid to confront the problems and challenges which confront the industrial sector, a committee was formed and adopted 100 procedures to resolve all existing challenges, she said.
About 81 procedures have been adopted to improve the industrial investment climate in Egypt, affirmed the minister.
Talking about looking into requests of industrial land allocation, Trade and Industry Minister Nevine Gamea said that her ministry has put the industrial complexes on the investment map.
The ministry will also work on extending the initiative providing immediate cash payment of late dues to exporters, added Gamea.
A unit was formed to look into the investors’ problems in line with directives issued by Prime Minister Moustafa Madbouli, she further said.
Regarding obtaining a license for industrial lands, the minister said that such issue always stands as an obstacle before investors, adding that the prime minister ordered that the maximum limit for obtaining a license for an industrial facility should not exceed 20 days.
The Industrial Development Authority (IDA) will issue this licence in the same period in order to facilitate the operational procedures, added the minister.
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