Establishing companies at Suez Canal economic zone takes only 24 hours

The establishment of companies at the Suez Canal Economic Zone will take only 24 hours through a one-stop outlet in Ain Sukhna, head of the General Authority for Suez Canal Economic Zone (SCEZ) Ahmed Darwish said.

In statements Sunday, Darwish added that the new "single-window" system is a "quantum leap" in establishing companies in Egypt.

Only one employee carries out all steps required to establish companies and post-foundation services to facilitate the process of obtaining approvals and licenses and to put an end to bureaucracy, Darwish said.

This system aims to improve the investment climate in the country, he added.