The move comes according to the prime minister’s instructions
to activate the Industrial Licensing Law.
Cairo- June 7, 2022
Minister of Trade and Industry
Nevine Gamea has issued a decree forming a licensing requirement committee at
the Industrial Development Authority (IDA), chaired by head of the authority,
as of the date of publication in the official gazette.
Members of the newly-formed
committee will include: representatives of the IDA’s licensing and industrial
services sector, the Federation of Egyptian Industries, as well as three
experts in civil defense, industrial security and occupational health.
“The move comes according to the
prime minister’s instructions to activate the Industrial Licensing Law, streamlining
the licensing procedure, thus, stimulating investment in the manufacturing
sector,” Gamea said, noting that the time limit for obtaining an industrial
license will be cut to 20 days only.