Egypt to launch one-stop digital platform to streamline investment procedures – minister

Egypt will soon launch a comprehensive digital platform to unify company registration, licensing and approvals as part of a government drive to simplify procedures, cut costs, and attract more investment, Investment Minister Hassan El-Khatib said Tuesday.

Speaking at the EnterpriseAM Egypt Forum, El-Khatib said the new system will fully digitise government services in line with global standards. The move follows the consolidation of investor dealings from 96 agencies to five, and the launch in June of a temporary unified platform linking 41 entities and offering more than 460 e-services.

El-Khatib said Egypt is pushing to diversify trade ties, noting that next month’s Egypt–EU summit will see new agreements to expand trade, investment and industrial localisation. He also cited deepening cooperation with China focused on local manufacturing and technology transfer.

The minister said a strategy developed with the World Bank identifies priority investment sectors including tourism, IT, feeder industries, agriculture, and textiles. He added that targeted programmes are under way to boost production and exports, including an automotive strategy that has already attracted four participants.

Customs clearance times have fallen to 5.8 days from 14 days, with a target of two days by year-end, El-Khatib said. He added that efficiency measures have doubled annual government operating hours to 4,000.

Egypt aims to double export growth within three years and raise annual foreign direct investment by 20–30 per cent to reach $12 billion by end-2025, targeting up to $30 billion by 2030 to sustain economic growth of 6–7 per cent, he said.

Attribution: Amwal Al Ghad English

Subediting: Y.Yasser