Promulgation of Egypt’s New Investment Law

An amendment to the 1997 Investment Law No. 8, the aim of which is to attract new investments into Egypt as well as to ensure fair agreements between foreign and local investors, has been enacted as of May 31st, 2017. It includes a number of incentives directed at creating an attractive and promising business climate for investors across various fields and industries. According to Article 9 of the new Investment Law, the executive regulations are meant to be issued with 90 days of law’s issuance. Please note that the new Investment Law will be known as “Law No. 72 for the year 2017”
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