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Sunday, 7 May 2017

Conflict over the one-stop shop policy plagues the Investment Act

Talk of the Investment Act once again led the conversation on the airwaves last night. Hona Al Asema’s Lamees Al Hadidi focused on the conflict surrounding the moribund notion of a “one-stop shop” policy. Defending the policy was GAFI chief Mohamed Khodeir, who insisted that the policy will be in effect and will see GAFI become the go-to place for commercial licenses for companies of all forms (including factories) in addition to allocating land (watch, runtime: 9:53). Khodeir’s remarks run contrary to claims over the weekend that multiple other agencies will retain the power to allocate land to the private sector, and it’s unclear how the one-stop shop would mesh with the Industrial permits Act.

House Economic Committee member Medhat El Sherif also backed the notion of the one-stop shop, saying GAFI will issue permits if the relevant authorities do not respond to a permit request within 60 days. House Housing Committee member Alaa Waly spoke against the policy, saying an investor would work with his or her industry’s regulator anyway, seeing how it has the capacity and know-how to assess the project. EK Holding Chairman Moataz Al-Alfy came on to speak for business and said it would be better for businesses to work with the regulator for their industries.

Lamees next suggested there is a campaign afoot to postpone today’s vote on the law due to deadlock among cabinet ministers over its most contentious clauses (the biggest being the one-stop shop). Legislative Affairs Minister Omar Marwan called-in to insist that today’s plenary vote will go through as planned.

You can catch the full episode on the Act and its contentious debates with MPs here (runtime: 2:23:21).

Cabinet spokesperson Ashraf Sultan was in damage-control mode to downplay reports of conflict around the cabinet table over the law during a call-in with Kol Youm’s Amr Adib. He told Adib that the cabinet was in agreement on the law when it was approved and submitted to the House (watch, runtime: 6:58).

Adib then went on to talk about his favorite topic of the last few weeks: the presidential elections. He posited that former presidential candidate Hamdeen Sabbahy would run again and even stated that former anti-corruption boss Hisham Genena was making a run. The former head of the Central Auditing Organization subsequently told Al Shorouk that he does not plan to run for the presidency.

MP El Sayed El Sherif confirmed the House will discuss the FY 2017-18 budget on Monday in a call-in to Al Hayah Al Youm’s Lobna Assal (watch, runtime: 13:58).

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