Back to the complete issue
Sunday, 23 December 2018

Egypt’s cabinet nods to PPP law amendments

CABINET WATCH- Cabinet greenlights PPP law amendments: Cabinet approved on Thursday legislative amendments to streamline public-private partnership (PPP) contracts, according to a statement. The proposed amendments, which the Finance Ministry began drafting earlier this month and which now go to the Council of State for review, are designed to make it easier to implement infrastructure, public services and utility projects under the PPP framework, Minister Mohamed Maait said. The bill would speed-up tenders, allow bidders to submit unsolicited proposals and make single-supplier contracts possible. The amendments will also allow the private sector to propose projects and give the government a larger scope for subcontracting.

Also approved at cabinet’s weekly meeting:

  • Allowing, in principle, the Egyptian Kuwait Real Estate Development Company to develop a residential project on land it owns on Suez road;
  • Amending the executive regulations of the Universities Act to add Computer Science and Applied Arts faculties to the Tanta University campus;
  • Issuing tenders under a usufruct agreement to renovate up to 567 youth centers (state-sponsored sporting clubs).

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.