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Sunday, 14 May 2017

Investment Act executive regulations 90% complete -sources

The executive regulations for the new Investment Act are 90% complete and are expected within a month of the bill becoming law, top Investment Ministry officials tell Youm7. The Investment Ministry has already sent copies of the draft regulations to different ministries for their input before preparing a final draft. Prime Minister Sherif Ismail has to sign off on the regulations before they are reviewed and issued by the House of Representatives. The Ismail government is reportedly preparing to hold meetings with foreign diplomatic offices to brief them on the act, South Korea’s ambassador to Cairo tells Al Mal. The act is still pending the signature of President Abdel Fattah El Sisi.

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