ELARABY Group receives the Golden license from the Investment Authority
ELARABY Group was successful in obtaining the Golden license alongside nine other companies on the national level. This license is given to the companies that contribute to the national growth plan by establishing strategic, developmental, and national projects. The license is considered to be a new system made with the aim of facilitating investment in the country. Also, the license serves as a single grant that enables the licensees to establish, work, and manage new projects and provides the necessary authorizations for the needed construction projects.
This license would highly contribute to the continuation of the major investment projects that ELARABY group is planning to establish in the next stages. Furthermore, it serves its logistical expansion plan, which aims to establish 40 support and supply centers in various Egyptian provinces. Mr. Muhammed Abd El Gayyid El Araby, Head of Operations Group at the group’s companies, expressed his delight at obtaining the gold license, which would significantly contribute to the acceleration and facilitation of the company registration procedures. He added that it aims to accelerate investment activity and positively impact the Egyptian economy by attracting foreign investments. Additionally, it will provide significant advantages and relieve investors from the conventional burdens they used to face formerly.