Back to the complete issue
Thursday, 30 March 2017

On the horizon

House committee wraps Investment Act review, setting up a vote on Monday, 10 April? There may be some tinkering left to do, but we’re nearly at a final draft of the Investment Act. The House Economic Committee has finished its review of the Investment act and will be sending the Investment Act to a plenary session of parliament for a vote within a week, General Authority for Free Zones and Investment Mohamed Khodeir told Al Borsa on Wednesday. The bill could be put to a vote in Monday, 10 April’s general assembly meeting, according to Economic Committee chair Amr Ghallab, but he added that MPs will be holding final review sessions during the week to arrive at a final draft, says AMAY. Neither story had details of the apparent splitting of the act in two to make it “easier” for poor, dumb investors to understand, which the Economic Committee signed off on last week.

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of HSBC Egypt (tax ID: 204-901-715), the leading corporate and retail lender in Egypt; EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Mashreq (tax ID: 204-898-862), the MENA region’s leading homegrown personal and digital bank; Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt; Hassan Allam Properties (tax ID:  553-096-567), one of Egypt’s most prominent and leading builders; and Saleh, Barsoum & Abdel Aziz (tax ID: 220-002-827), the leading audit, tax and accounting firm in Egypt.