Egypt’s Cabinet approves trial launch of unified investment licensing platform

Egypt’s Cabinet approved on Wednesday the soft launch of a unified digital platform for investment licensing, as the government seeks to streamline procedures and attract more local and foreign investment.

The move is part of broader efforts to eliminate bureaucratic hurdles facing the private sector and improve transparency in the investment climate, according to a Cabinet statement following its 46th meeting chaired by Prime Minister Moustafa Madbouly.

The platform aims to centralise and simplify the licensing process, allowing investors to access information, submit applications, upload documents, and track progress online. The system sets a 20-day maximum for licence issuance, provided that all documentation is in order.

According to the Cabinet’s statement, the platform’s first phase enables investors to search for requirements, fees, and issuing authorities, as well as submit applications for licences, permits, and approvals without needing to visit investment service centres.

The platform is expected to reduce approval times, enhance efficiency across government agencies, and offer a more transparent, investor-friendly environment.

Egypt has been ramping up reforms to support private sector-led growth and attract more foreign direct investment amid ongoing economic challenges.

Attribution: Amwal Al Ghad English

Subediting: Y.Yasser