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The Ministry of Industry and Foreign Trade is currently preparing a draft law to develop and regulate the law regulating the Egyptian industries to suit the requirements and the nature of the future. The new draft law aims to facilitate and simplify procedures for investors, especially regarding the issuance of permits for industrial activities and the rules of allocation of land for the establishment of factories and industrial areas, introduce industrial incentives, and streamline penalties and its implementation procedures to achieve full transparency and prevent conflicts of interests.
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