Chairman of the Investment Authority: $8 billion is the volume of investment of Chinese companies in Egypt

Fathi Al-Sayeh

Hossam Haiba, Chairman of the Investment and Free Zones Authority, said that The volume of investment of Chinese companies in Egypt amounts to about 8 billion dollars, and the number of companies with Chinese contributions in Egypt has reached about 800, and these investments are in various sectors, the most important of which is manufacturing Fiberglass, home appliances, textiles, food industries, animal feed and other important sectors. The land, whether by ownership or the right of usufruct and rent, and a study of the financial solvency of the investor.

After that, the file is presented to the responsible minister within several days After that, approval or rejection of the project is obtained, then the minister’s response is presented to the first meeting of the Council of Ministers, so that the final approval of the granting of the license takes place, and all this takes place in about 19 days only, and he confirmed that granting the golden license eliminated all the problems and obstacles that were hindering the process of obtaining the regular license and facilitating the procedures for all investors.