Walid Gamal El-Din, Chairman of the General Authority for the Suez Canal Economic Zone, said that the first phase includes services such as reception and consultation, investor qualification, project approval, issuing permanent licenses with a notification system, and annual follow-up of establishments. Later, services such as issuing operating licenses with a pre-system, issuing temporary licenses, modifying permanent licenses, and issuing building permits will be added.
Gamal El-Din, confirmed that this
step aims to facilitate procedures for investors and enhance the investment
climate in the region. He indicated that the authority seeks to develop a
business model that supports investors, simplifies procedures, and improves
infrastructure.
The support of the European Bank
for Reconstruction and Development in this project was clarified. The
participation of the Kuwaiti Agility company in this project was also
clarified.
The project aims to create an integrated and attractive investment environment for local and foreign investments. It contributes to driving economic growth and creating job opportunities. It contributes to making the Suez Canal Economic Zone a global trade center.