The Ministry of Investment and International Cooperation revealed the total number of licenses, approvals and permits issued by the representatives of the competent authorities of the Investors Services Center in January 2019. It reached 160 licenses, licenses and approvals.
The ministry added in a report that licenses, approvals and permits issued by representatives of the Ministry of Commerce and Industry (Industrial Development Authority) accounted for the largest share by about 84, followed by the Federation of Egyptian Industries with 33 licenses and then the Ministry of Communications and Information Technology, With 23 licenses and approval, followed by the Ministry of Culture (Technical Licensing / Control of Works) with 19 licenses and the Ministry of Petroleum (General Authority for Mineral Resources) with one approval.
The Investor Services Center shall facilitate the procedures for obtaining the necessary approvals, permits and licenses for the investment project. The representative of the administrative authorities represented at the Center shall have all the powers required to implement the investors procedures in accordance with Investment Law No. 72 of 2017.