CAIRO – 16 July 2025: In a move to stimulate private-sector investment and accelerate progress toward national development goals, Egypt’s Cabinet has approved the issuance of Golden Licenses for three major projects, according to an official government statement.
The first license has been awarded to Kingdom Linen Company, which will operate under the special free zone system. The company plans to establish a linen spinning and textile factory on a 51,900-square-meter plot in the Developers Zone of Sadat City, Monufia Governorate.
Backed by an estimated investment of $58 million, the project is set for completion by January 1, 2027. Within three years of operation, the company aims to achieve a minimum 30 percent local content in its products, while committing to exporting 100 percent of its annual production.
The facility is expected to produce approximately 3,800 tons of linen yarn annually, supporting Egypt’s broader export strategy in the textile sector.
The second Golden License has been granted to Al Amir Company for Agricultural Crops Processing, registered as Farouk Mahmoud Afsh & Partners, a limited partnership.
The company will build a comprehensive agro-industrial complex in Sadat City, covering 37,660 square meters across plots 21, 22, and 23 in Section 10 of the Developers Zone.
The complex will include three specialized facilities: one for processing, packaging, and preparing vegetables and fruits; another for tomato paste production; and a third for drying and cooling produce.
The project aims to export over 70 percent of its output, significantly reduce import dependency, and localize production using 80 to 90 percent Egyptian agricultural inputs.
In collaboration with leading global partners, the company also plans to introduce advanced food processing technologies to the local market. Operations are expected to commence in October 2027.
The third Golden License was awarded to Masdar IPH Wind Energy for the development of a large-scale wind power project in the Gulf of Suez, Red Sea Governorate.
Spanning 37.3 square kilometers, the wind farm will have a capacity of 200 megawatts, contributing directly to Egypt’s national grid.
The project aligns with Egypt’s environmental goals by promoting renewable energy, reducing greenhouse gas emissions, and conserving natural resources.
Once operational, the wind farm is projected to save approximately 175 million cubic meters of natural gas per year. Commercial operations are expected to begin by the end of May 2027.
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