The Egyptian Transport and Commercial Services Co., S.A.E (EGYTRANS) obtained an approval from the General Authority for Investments and Free Zone to extend the licensing period for Port Said General Free Zone activities for two more years starting from 1/12/2012 to practice the same licensed activities considering the following:
1. To be committed to exporting 100% of all categories mentioned in the first item in the license out of the country, as well the cars spare parts must be new. The project exports to exempted locations must be calculated within the total percentage of the project exports out of the country.
2. As for the (raw materials, production requirements for ready made clothing – machines), the export to the local market is allowed but by no more than 50% from the total annual exports provided that the export to be for factories only.
3. Pay all the Authority dues.
4. To be committed to implementing all the requirements of the civil defense and fire as well as the rules of proper storage.