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Tuesday, 25 July 2017

El Sisi approves establishing Golden Triangle special economic zone

President Abdel Fattah El Sisi approved yesterday the creation of the Golden Triangle Special Economic Zone, Al Masry Al Youm reports. The zone will grant special concessions and investment benefits akin to the Suez Canal Economic Zone to a 2.2 mn feddan area encompassing parts of Al Quseir, Safaga, and Qena. The Golden Triangle first got media attention in a 2015 presentation (pdf) by then-Oil Minister Sherif Ismail at the Egypt Economic Development Conference

El Sisi also signed off on amendments to the Personal Status Act that will see individuals missing for 30 days declared dead. Amendments to legislation regulating organ transplant procedures, which will see harsher penalties for those who violate the law, are also now in effect after having been published in the Official Gazette.

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