Economy

The Egyptian-Lebanese Businessmen Association appreciates President Sisi's decisions to facilitate direct investment procedures

Fathi Al-Sayeh

5032038081842602 Engineer Fathallah Fawzy, Chairman of the Board of Directors of the Egyptian Association, said: For Lebanese businessmen, the issuance of the golden license is an important requirement for the association to support direct investment and attract foreign capital, especially Lebanese investments in Egypt. He added that the board of directors of the Egyptian-Lebanese Businessmen Association appreciates President Abdel-Fattah El-Sisi’s response to the request of the President of the Federation of Industries and the Egyptian Businessmen Association to issue the golden license for all projects and advanced investors within 3 months and prepare a list of projects ready to start and provide financing, as it will greatly facilitate the Lebanese investors with direct investment procedures

For his part, Mohamed Amin El-Hout, Head of the Industry Committee of the Egyptian Lebanese Businessmen Association, said that the BADADA initiative is very important and effective to support The national industry, especially those oriented to export, replace the Egyptian product with the import, and provide services and production requirements locally To support the sustainability of production for the major and strategic industries of Egypt. To stand by the industry in the current period, pointing out that these steps will have a positive impact on the growth of the industry and attract foreign investments, especially Lebanese, to Egypt.