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Sunday, 24 February 2019

GAFI to send Investment Act’s draft amendments to cabinet within days

LEGISLATION WATCH- GAFI drafting amendments to Investment Act? The General Authority for Free zones and Investments is planning to send draft amendments to the Investment Act to the government within days, Al Masry Al Youm quotes GAFI chief Mohsen Adel is saying. Adel gave no details of the amendments, but free zone investors have been saying that GAFI might be looking to give them a break from taxes and fees imposed in the 2017 Investment Act.

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