CAIRO – 1 January 2025: The Minister of Investment and Foreign Trade, Hassan El-Khatib, has announced the issuance of nine golden licenses for strategic investment projects across various sectors. These projects are set to drive economic growth, create job opportunities, and enhance Egypt’s global competitiveness.
One of the key projects is Otsuka Arabia for Nutritional Products, which will establish a $40 million factory in 10th of Ramadan City on a 95,000 sqm site.
The factory will produce nutritional products for both local and export markets, creating 100 jobs and introducing Japanese expertise and technology to Egypt.
The Suez Warehousing Company has been granted a license to construct a strategic warehouse in Suez Governorate on 13 feddans, with an investment of EGP 1.988 billion. This facility will strengthen the country’s strategic reserves of essential goods while creating 75 job opportunities.
In the renewable energy sector, Suez Wind Energy will establish and operate wind power stations with an investment of LE 1.374 billion.
The project will generate 550 MW in its first phase and another 550 MW in the second phase, significantly contributing to Egypt's renewable energy capacity.
In Fayoum Governorate, the Egyptian Salts and Minerals Company plans to invest LE 604 million in a facility to produce 30,000 tons of potassium sulfate fertilizer annually. Spanning 5,600 sqm, this project will create 100 jobs and support local agriculture.
The Nuts Land Agricultural Investment project in 10th of Ramadan City will focus on processing peanuts and nuts, with an investment of LE 1.392 billion over 136,000 sqm. This initiative will create 4,000 jobs and export 80 percent of its production, enhancing Egypt’s position in global markets.
In Sadat City, MAFI for Agricultural Products will invest $180 million in a manufacturing and packaging facility for agricultural products. The project, covering 154,000 sqm, will employ 720 workers and export its entire output, boosting Egypt’s agricultural exports.
Balkan Food Industries will establish a facility in New 6th of October City for producing tomato concentrates, sauces, and processed vegetables. With an investment of EGP 850 million across 76,000 sqm, the project aims to export 80 percent of its products while generating 80 jobs.
In Ain Sokhna, Future Fert for Fertilizers and Chemicals will invest $40 million to produce potash and phosphate fertilizers and inorganic acids. This facility will cover 127,000 sqm, employ 300 workers, and support the local chemical industry.
Finally, Obelisk Solar Energy in Qena Governorate will invest $600 million in a solar energy project spanning 16.3 km². The facility will produce 1,000 MW of photovoltaic solar energy and create 100 jobs, advancing Egypt’s renewable energy initiatives.
These investments represent a significant step in Egypt's efforts to attract strategic projects that enhance economic diversification and create sustainable growth opportunities.
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