Expanding Golden Licences Can Help Attract Investment, Nashaat Zonfol Says

Engineer Nashaat Zonfol, deputy head of the Egyptian-American Cultural Center in New York, said expanding the granting of golden licences to projects could help attract investment.

Zonfol highlighted the global race to secure foreign direct investment, pointing to its important role in supporting the growth of national economies.

He placed particular emphasis on Africa, where attracting foreign investment is a key part of the broader competition for capital and economic growth.

His remarks linked wider access to golden licences with efforts to draw investors, presenting the expansion of the scheme as a way to support investment attraction amid that international competition.