Egypt s cabinet in its weekly meeting on Wednesday. Photo : Egyptian Cabinet
Through the golden licence Germany's BSH Bosch company will be able to establish and operate a factory for producing home appliances in Sharqia governorate, while Beko Egypt Service will be able to construct and operate a factory for electronics assembly and production in the same governorate.
The two companies will carry out their projects on schedule under the granted licence.
The golden licence grants investors the approval to buy or rent lands and to operate and manage projects without requiring approval from multiple government bodies.
The licensing window can be extended for an additional three months.