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FINANCIAL NEWS
Egypt to rank 64 in issuing construction permits by 2017
01 Nov 2016
(MENAFN) Egypt climbed 49 places in issuing building permits in the Doing Business in 2017, to rank 64 compared to 113 in 2016.
Accordingly, it took 145 days to issue construction permits in the country, compared to 116.5 days in the MENA region and 152.1 days in high-income nations.
Meanwhile, the cost of issuing construction permits for building a warehouse in the country is 1.6pct of the warehouse”s value.
In addition, the number of procedures it takes to obtain a construction permit is 17, which involve measures like applying for the site validity certificate.
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