Investment Zone

First: the position of land ownership

•  It is not permissible to establish an investment zone on land whose ownership is not fixed or disputed.
•  It is permissible to establish an investment zone on contracted land in any of the forms of contract stipulated in the Investment Law (purchase, lease, and usufruct).

Second: The Capital

• The developer's issued capital must be proportional to the size of the investment costs expected to develop the investment zone.

Third: Type of company

• The company must be established according to one of the laws regulating and valid in the Arab Republic of Egypt without being bound by the legal form, provided that priority in approval is given to companies established in accordance with the Investment Law.

Fourth: Geographical location

• Priority will be given to approving the establishment of investment zones in the governorates most in need of development, remote areas, and the Upper Egypt region.

Fifth: The investment zone development strategy

• The general plan targeted for establishing the zone must include a number of homogeneous or integrated projects in terms of the activities to be practiced in the investment zone, and a part of the zone may be allocated to establish various activities.
• It is permissible to establish specialized investment zones that operate in all activities mentioned in the executive regulations of the Investment Law.
• The investment zone is established as an integrated development project, which may include industrial, service, commercial, residential, logistical, and other complementary activities.

Sixth: the timetable for development

•  The timetable must be proportionate to the size of the investment zone to be implemented, in light of the feasibility study submitted by the developer.

• The Board of Directors of the investment zone shall develop the zone's work plan and the standards for carrying out its activity
  
• The Board of Directors of the investment zone is responsible for approving projects permits to operate within the investment zone
• The executive office of the investment zone is responsible for issuing all permits, approvals and licenses necessary to establish projects within the investment zones.
• It is not permissible for any administrative body, other than the General Authority for Investment, to take any measures within the investment zones without the approval of GAFI
• The Chairman of BoD of the investment zone is responsible for licensing the projects to practice their activities.
• This license is satisfied when dealing with all state agencies without the need for registration in the industrial register.
  

•   Obtaining the necessary approvals from the concerned authorities to establish new investment zones.
•  Approving public and private plans to establish investment zones and projects within them
• Approving projects to work within investment zones
• Obtaining a license to establish and manage public facilities and infrastructure
  
•  Obtaining a building permit and making structural conformances
•  Issuing a licensing decision to practice the activity (permanent / temporary)
• Obtaining approvals for the entities concerned with the activity (civil protection / occupational safety and health / environment) and others