Egypt’s Proposed Investment Law to Undergo Comprehensive Review

By Evan Abrams

The Egyptian Investment Ministry is working a new law designed to streamline the investment process and create a one-stop shop for obtaining licenses and permits. Daily News Egypt reports that the law will be submitted for review to 60 international and domestic organizations, including the International Finance Corporation. The law is still subject to continuing negotiations within the Egyptian government, particularly regarding the appropriate level of investment incentives to provide. The law has received a positive reception from investor groups who have long been concerned about Egypt’s burdensome business laws.