In a significant move to bolster economic growth and enhance Egypt’s competitive edge on the global stage, Minister of Investment and Foreign Trade Hassan El-Khatib announced the issuance of nine golden licenses for strategic investment projects. These initiatives, spanning diverse sectors, are expected not only to stimulate economic activity but also to create jobs and introduce advanced technologies to the region.
One of the flagship projects under this initiative is the Otsuka Arabia for Nutritional Products factory, a $40 million investment in 10th of Ramadan City. Occupying a 95,000-square-meter site, this facility will serve both local and export markets with high-quality nutritional products. The project is poised to deliver 100 job opportunities and bring valuable Japanese expertise and technology to Egypt.
The Suez Warehousing Company is set to construct a strategic warehouse in Suez Governorate, an investment of EGP 1.988 billion over 13 feddans. This warehouse will play a crucial role in strengthening Egypt’s strategic reserves of essential goods, creating 75 new jobs in the process.
In the renewable energy sector, Suez Wind Energy plans to invest LE 1.374 billion in wind power stations. The project aims to generate a total of 1,100 MW across its phased implementation, significantly boosting Egypt’s renewable energy capacity.
Obelisk Solar Energy in Qena Governorate will make a substantial $600 million investment to produce 1,000 MW of photovoltaic solar energy, covering 16.3 square kilometers. This project alone is expected to create 100 jobs and further Egypt’s commitment to sustainable energy solutions.
The agricultural and food processing sectors are also poised for growth. In Fayoum Governorate, the Egyptian Salts and Minerals Company plans to produce 30,000 tons of potassium sulfate fertilizer annually, with a LE 604 million investment. This facility, covering 5,600 square meters, will support local agriculture and create 100 jobs.
The Nuts Land Agricultural Investment project, based in 10th of Ramadan City, represents a LE 1.392 billion investment focused on processing peanuts and nuts. Spanning 136,000 square meters, it will generate 4,000 jobs and export 80% of its products, enhancing Egypt’s footprint in global markets.
Sadat City will see MAFI for Agricultural Products investing $180 million in a manufacturing and packaging plant for agricultural products. This project, spanning 154,000 square meters and employing 720 workers, will boost Egypt’s agricultural exports by shipping its entire output overseas.
Balkan Food Industries is set to establish a facility in New 6th of October City for producing tomato concentrates, sauces, and processed vegetables. The LE 850 million investment will occupy 76,000 square meters and aims to export 80% of its products while creating 80 jobs.
In Ain Sokhna, Future Fert for Fertilizers and Chemicals is investing $40 million to produce potash, phosphate fertilizers, and inorganic acids. This facility will cover 127,000 square meters, supporting 300 workers and bolstering the local chemical industry.
These nine golden licenses represent a concerted effort by Egypt to attract strategic investments that drive economic diversification and sustainable growth. By focusing on sectors such as renewable energy, agriculture, and manufacturing, Egypt is not only enhancing its economic landscape but also paving the way for future innovations and increased global competitiveness.
The golden licenses mark a pivotal step in Egypt’s roadmap to economic resilience, showcasing a blend of international collaboration and local development. As these projects unfold, they promise to transform the economic terrain, providing opportunities that resonate beyond borders while setting a benchmark for strategic investment initiatives in the region.
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