Friday 22 Nov
Engineer Alaa Nasr El Din, a board member of the Wood and Furniture Chamber at the Federation of Industries, and a member of the Arab Cooperation Committee at the Federation, affirmed that the digital industrial platform of Egypt eliminates bureaucracy, facilitates procedures, and simplifies obtaining various services electronically, saving investors time and effort. The platform also helps in executing all procedures, starting from land reservation to completing licenses and approvals, all from one place.
Nasr stated in his press release
that the platform aligns with Egypt's comprehensive industrial development
plan. It leverages modern technology, facilitates processes and create a more
conducive environment for investors.
He confirmed that the platform
will also increase exports, attract more investments, promote the localization
of local industries, and maximize their added value.
He pointed out that the Ministry of Industry announced offering more than 1,124 industrial land plots. He noted that the first phase of the platform includes a number of digital services for industrial investors, most notably the service of allocating industrial lands through the investment map, the service of issuing an operating license by notification, and the annual follow-up service, with the provision of electronic payment service through the Egypt Industrial Platform using various payment channels such as bank cards and bank branches.
Engineer Nasr El Din said that prior to the platform's launch, obtaining an investment license could take up to two months due to data collection procedures. However, the digital platform has significantly streamlined this process, reducing the turnaround time for issuing a license to a maximum of one week.
Last Sunday, the Ministry of
Industry announced the launch of the first phase of the digital industrial
platform of Egypt in cooperation with Egypt Financial Technology Company
"E-Finance", the leading company in the field of digital
transformation and government electronic payment and collection services.
The ministry explained that the first phase of the launch of the digital industrial platform of Egypt includes a number of digital services for industrial investors, represented in the service of allocating industrial lands through the investment map, and the service of issuing an operating license by notification.
