New factories double in the past five years. The number of factories opening is double the number of those closing

The Ministry of Industry (MoI) issued 652 industrial permits last year, two percent fewer than in 2016. These include new establishments, expansions, exploitation permits, and renewals.

The MoI issued 193 licenses for the establishment of new factories last year, a 22 percent drop from 2016, but double the number of licenses issued in 2012.

"These numbers indicate that investors' appetite for putting money in the industrial sector is growing," said Dany Gedeon, Director General at...

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