The Prime Minister: a plan to provide hard currency for the next period up to 30 June 2023

Dr Mostafa Madbouly, Prime Minister, said there is a plan to develop a vision to provide hard currency for the next period up to 30 June 2023, noting that there is no need to announce all procedures.

He explained that a senior committee has been formed to develop a vision for the global conference to promote investment in Egypt in the first half of 2023, explaining that the investor who wants to get the gold license will be presented directly to the Cabinet for shorten the path and procedures in implementation of the directives of the President of the Republic, explaining that last year 9 billions of dollars of direct investments were attracted.

The prime minister indicated that the government is working according to a specific vision to deal with the repercussions of the global crisis, explaining that by strengthening the private sector, the government has been working according to more than one axis in the state property policy document.

And the Prime Minister continued in the press conference by saying that the document on state property policy has finally been approved, and it is a state document that will be implemented in the next 3 or 5 years, explaining that the performance of the Egyptian stock market is registering a positive trend in the light of the recent decisions that have been taken.

The Council of Ministers has launched a link on its website to receive requests from investors wishing to obtain the “Golden Licence”, launched by the government to facilitate the issuing and management of project licenses, in particular those operating in the industrial sector . The application link is:

‏https://www.cabinet.gov.eg/GoldLicense