Industrial Permits Act
The Industrial Development Authority will start offering industrial permits and industrial records electronically through its various branches by mid march.
Bilateral trade between both countries registered $1.1 billion in 2016.
Oracle Solution Center (OSC) has won a bid to automate offices of the Industrial Development Authority.
Members of the committee will include representatives of the Federation of Egyptian Industries (FEI), IDA’s licensing unit and industrial experts.
Under the new Industrial Permits Act, the time needed to obtain an industrial license was reduced to 30 days, from more than 300 days.
The Industrial Development Authority (IDA) is planning to issue a global tender soon for the automation of its services and facilities.