New draft laws to enhance investment: Parliament

CAIRO - 25 July 2017: Numbers of draft laws will be enrolled in the agenda of the House of Representatives’ third convocation that complement the role of the New Investment Law, a member of economic affairs committee at the Parliament Mohamed Badrawi declared on Monday.

“These drafts include liquidation and bankruptcy protection drafts laws which organize the issues of investors market exiting, in addition to drafts that organize internal trading, beside capital market law,” Barawi revealed.

He added that the New Investment Law is the cornerstone of the economic atmosphere in Egypt, thus these law are important to this atmosphere.

It is important to maintain market stability, the market discipline is the main cause of attracting more investments, thus it is necessary to an integrated legislations and a suitable, attracting work environment especially in what relates to land allocations, and a speedy disposal of these land allocations.

In the beginning of June 2017 the official gazette has published the new investment law text after the approval of parliament.

Minister of Investment and Cooperation Sahar Nasr has announced in previous time that the new investment law offers unprecedented incentives to investors, and it eases all procedures that investors take to begin their investments. In addition it speeds up disputes settlement that helps in achieving investments policies stability, according to Nasr.