[Egypt] Egypt pushes forward with the introduction of a new licensing system to stimulate industrial activity growth

○ The Egyptian Ministry of Industry has prepared a new resolution to reorganize the licensing procedures for industrial activities outside industrial zones. - The establishment, operation, and management of 65 industrial activities are expected to be allowed in urban areas, residential areas, and non-industrial zones. - These measures will be implemented starting the day after publication in the Official Gazette, although the specific publication date remains undisclosed. - The permitted industrial activities have been expanded from the previous 17 to 65, with a focus on sectors with low environmental impact. - All activities must meet the criteria and approval requirements of the Industrial Development Authority (IDA). ○ The permitted activities include food processing and light manufacturing. - Food production and processing activities include cheese, whey, sweetened dairy products, sugar-cured ...