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Egyptian Industry Outlines Factory Insurance Policies
The Egyptian Ministry of Industry has announced new facilitation measures regarding factory licensing procedures, following the modification of the calculation method for the cost per square meter of industrial buildings and facilities, as per Minister of Housing Decision No. (1044) of 2026. The amendment includes a reduction in the calculated value for construction works, which decreases costs, accelerates the issuance of building permits, and reduces the number of projects that require submission to the decimal aggregation. This, in turn, speeds up the licensing process for facilities. The aim of the decision is to ease procedural burdens, promote faster start-up of production—especially for small and medium-sized factories—and alleviate the burden caused by rising construction costs, which previously required projects exceeding one million Egyptian pounds to be submitted to the decimal aggregation.
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