Promoting Industrial Growth and Encouraging Foreign Direct Investment in Egypt
History
Industrial Licensing Law
Responsible Entities
Date 3/21/2019
Industrial Licensing Law
Responsible Entities
Date 3/21/2019
Industrial Licensing Law
- Promptly establish IDA’s new board of directors, in accordance with the new law.
- Expedite the issuance of the executive regulations of Law No. 95 of 2018, “The Industrial Development Authority Law”.
- Enact a new law to regulate the administration of industrial zones. The new law should clearly define the responsibilities and relationships between all the parties concerned (similar to the case of the free zones and zones that are run by independent operators, mostly from the private sector).
- Take into consideration including FEI on the board of IDA; the relevant provision in the law currently in force mandates the representation of those with expertise, alongside government, without specifying FEI.
- The Ministry of Local Development must be represented on the IDA’s board since it is among the entities that have the responsibility for issuing licenses for establishments operating within the boundaries of residential areas.
- Ensure the full implementation and enforcement of the law; contrary to the applicable law, the New Urban Communities Authority continues to directly offer industrial land for sale.
- Review all existing decrees, which pertain to licensing and industrial registry to ensure that they comply with the relevant laws.
- Introduce a mechanism by which FEI and its member industrial chambers are able to assess the performance of IDA with regard to licensing, industrial registry, and land allocation, as well as identify all the implementation challenges, particularly those related to industrial land.
Responsible Entities
Date 3/21/2019
Industrial Licensing Law
- To date, the decree establishing a new board of directors for IDA, pursuant to Law No. 95 of 2018, “The Industrial Development Authority Law”, has not yet been issued. More so, the executive regulations of the new law are yet to be issued.
Responsible Entities
Date 3/21/2019
Industrial Licensing Law
- Promptly establish IDA’s new board of directors, in accordance with the new law.
- Expedite the issuance of the executive regulations of Law No. 95 of 2018, “The Industrial Development Authority Law”.
- Enact a new law to regulate the administration of industrial zones. The new law should clearly define the responsibilities and relationships between all the parties concerned (similar to the case of the free zones and zones that are run by independent operators, mostly from the private sector).
- Take into consideration including FEI on the board of IDA; the relevant provision in the law currently in force mandates the representation of those with expertise, alongside government, without specifying FEI.
- The Ministry of Local Development must be represented on the IDA’s board since it is among the entities that have the responsibility for issuing licenses for establishments operating within the boundaries of residential areas.
- Ensure the full implementation and enforcement of the law; contrary to the applicable law, the New Urban Communities Authority continues to directly offer industrial land for sale.
- Review all existing decrees, which pertain to licensing and industrial registry to ensure that they comply with the relevant laws.
- Introduce a mechanism by which FEI and its member industrial chambers are able to assess the performance of IDA with regard to licensing, industrial registry, and land allocation, as well as identify all the implementation challenges, particularly those related to industrial land.
Responsible Entities
Date 3/21/2019
Industrial Licensing Law
Responsible Entities
Date 3/21/2019