Egypt’s Cabinet approved the issuance of Golden Licenses to three major projects, aiming to accelerate private-sector investment and support national development goals, according to an official statement.

The first license was granted to Kingdom Linen Company, under the special free zone system, to establish and operate a linen spinning and textile factory.

The project will be located on a 51,900 square meter plot in the Developers Zone of Sadat City in Monufia Governorate.

With an estimated investment of $58 million, the facility is expected to be completed by January 1, 2027.

The company aims to integrate a local component of at least 30% within three years from the start of operations and is committed to exporting no less than 100% of its annual production.

 The factory will focus on producing approximately 3,800 tons of linen yarn each year in various grades, contributing to the national export agenda.

The second Golden License was approved for Al Amir Company for Agricultural Crops Processing, officially registered as Farouk Mahmoud Afsh & Partners, a limited partnership.

The project includes the construction and operation of a set of agro-industrial facilities in Sadat City, covering 37,660 square meters across plots 21, 22, and 23 in the Developers Zone, Section 10.

It will feature a factory for preparing, packaging, and processing vegetables and fruits, another for producing and packaging tomato paste, and a third facility for drying and cooling produce.

The company plans to export more than 70% of its output, aiming to reduce imports and localize food production.

The project will source 80–90% of its raw materials from Egyptian agricultural products, thereby deepening the local value chain. In collaboration with leading international companies, it also seeks to transfer and localize cutting-edge technologies in food processing. Operations are set to begin in October 2027.

The third license was awarded to Masdar IPH Wind Energy, a company set to build a large-scale wind farm in the Gulf of Suez, Red Sea Governorate.

The project will generate 200 megawatts of electricity using wind power over a 37.3 square kilometer area.

It is designed to support environmental sustainability by reducing greenhouse gas emissions and preserving natural resources.

By feeding renewable energy into Egypt’s national grid, the project is expected to save approximately 175 million cubic meters of natural gas annually. The wind farm is scheduled to begin commercial operation by the end of May 2027.