Egypt's Investment Incentives Law offers advantages over prior law, but draws criticism and concern

Article Abstract:

The new Investment Guarantees and Incentives Law of Egypt receives criticism despite promises of improving investment climate in the country with its better investment provisions. The new law, which becomes effective on May 15, 1997, gives investors more privileges and incentives over the old Investment Law of 1989 such as extension of tax holidays for target area projects and automatical tax incentives for established companies. Despite improved provisions, critics are skeptic about the new law on issues such as removal of tax incentives to project expansions and failure to provide incentives to anchor investors of newly privatized firms, among others.

Administration of General Economic Programs, Economic Programs, Administration of Economic Programs, Investment Incentives & Guarantees, Evaluation, Laws, regulations and rules, Investment incentives, Investment tax credit

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Eypt's privatization program: recent legislation on private investment in public services

Article Abstract:

Egypt's privatization program has recently been strengthened with regulations encouraging private sector investment in public services. Both foreign and domestic companies are now allowed to build, own, operate and maintain power generating stations under certain conditions. The private sector may now also build, manage and maintain against tariff roads under the same provisions as the electric utilities. The Egyptian government has also ended its monopoly of ports services.

Regulation and Administration of Communications, Electric, Gas, and Other Utilities, Utilities Regulation, Public utilities, Utility regulations

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Recent developments in Egyptian investment policies and programs, and pending reform legislation

Article Abstract:

The acceleration of the privatization program is considered as the most important development in Egypt concerning its policy of encouraging investment by the private sector. The privatization program in Egypt is composed of two basic parts. These involve the divestment of public sector holdings in production and manufacturing companies and the encouragement of private sector investment in sectors historically controlled and operated by the public sector.

Analysis, Public sector

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