“Egyptian Lebanese Businessmen” appreciates President Sisi’s decisions to facilitate investment

Eng. Fathallah Fawzy, Chairman of the Egyptian-Lebanese Businessmen Association, said that issuing the golden license is an important requirement for the association to support direct investment and attract foreign capital, especially Lebanese investments in Egypt.

Fawzy added, in a press statement, today, Sunday, that the board of directors of the Egyptian-Lebanese Businessmen Association appreciates President Abdel Fattah El-Sisi’s response to the request of the President of the Federation of Industries and the Egyptian Businessmen Association to issue the golden license for all projects and applicant investors within 3 months and prepare a list of projects ready to start and provide Financing, as it will greatly facilitate direct investment procedures for Lebanese investors.

For his part, Mohamed Amin El-Hout, Chairman of the Industry Committee of the Egyptian Lebanese Businessmen Association, said that the BADADA initiative is very important and effective to support the national industry, especially directed to export and replace the Egyptian product with import, and to provide services and production requirements locally to support the sustainability of production for major and strategic industries for Egypt.

El-Hout added that the Industry Committee of the Egyptian Lebanese Association appreciates the president’s call for the banking sector to stand by the industry in the current period, pointing out that these steps will have a positive impact on the growth of the industry and attracting foreign investments, especially Lebanese, to Egypt.

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