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Industrial Projects in Upper Egypt Program of Incentives for Decree No. 719 for Year 2007
 

The projects established and obtained operating license and industrial register within the 3 coming years from issuing this decree will be granted the following incentives:

  1. LE15.000 for each job opportunity with maximum 70% of the total annual wages.
  1. The incentives will be outlaid according to the official documents to pay the following costs:
  • Electricity consumption value.
  • Fuel consumption value.
  • Water consumption value.
  • The work owner's share is to be paid to the social insurance.
  • Any other government's expenses of the project's operation.
  1. The following conditions will be applied on the new projects and expansions which their investment costs exceed LE15 million:-
  • The labor's obtaining of accredited certificate from the Industrial Training Council.
  • The technicians must not be less than 80% of the total number of the factory's labors.
  • The labors must be from the same governorate of factory and not to be from the labors work in the branches outside the governorate.
  • The previous condition (incentives) applied with 100% on the governorates of Aswan - the New Valley - Minya - Assiut -Sohag - Kena - Luxor and with 50% on Beni Sueif governorate.
  1. These incentives aren't to be applied on the projects enjoy any taxes exemption or any other incentives.

 

 

   

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