Firm Profile > Matouk Bassiouny & Hennawy > Cairo, Egypt

Matouk Bassiouny & Hennawy

Banking and finance Tier 1

At Matouk Bassiouny & Hennawy, 'responsiveness and commerciality are what distinguishes the firm compared to many others', according to one client. Mahmoud Bassiouny has an impressive client roster that includes Banque Misr, HSBC and Credit Suisse. The firm also advises borrowers on debt finance transactions and capital markets issuance, and acts for private equity investors. Senior associate Nadia Abdallah and counsel Ashraf Hendi are other names to note.

Practice head(s):


‘Mahmoud Bassiouny is a pleasure to deal with and encapsulates the firm’s responsiveness and commerciality.

Hend El Kharboutly, a junior associate, shows significant promise. A strong communicator who always goes far above and beyond when it comes to getting transactions closed out.

Nadia Abdallah is one of the best lawyers I’ve worked with. She provides incisive advice and has exceptional transaction management skills.

Responsiveness and commerciality are what distinguishes this firm compared to many others. Mahmoud Bassiouny is a pleasure to deal with and encapsulates the firm’s responsiveness and commerciality.’

Key clients

EFG Private Equity

Lekela Egypt Wind Power BOO S.A.E.

Nareva Holding

Dubai Aerospace (DAE)

Syndicated lenders, led by Arab African International Bank, National Bank of Egypt, HSBC and Arab Bank

Export-Import Bank of China, Bank of China Ltd., Beijing branch and China Development Bank

Credit Suisse AG, London Branch and HSBC Bank Middle East Limited

EFG Hermes IB Limited

Coca Cola Bottling Company in Egypt S.A.E.

Middle East Glass Manufacturing Company S.A.E.

Uniboard for Paper & Cardboard Manufacturing Company S.A.E.

Financial Holdings International Ltd

Tanemyah Microfinance S.A.E

Commercial, corporate and M&A Tier 1

Matouk Bassiouny & Hennawy 'provides a unique level of service to foreign clients, as the team offers international quality legal advice at a sophisticated level'. The 'always accessible' Omar Bassiouny leads the corporate practice, which works extensively with international law firms including Clifford Chance LLP and Herbert Smith Freehills LLP. New partner Amr Baggatto, formerly of Helmy, Hamza & Partners (member firm of Baker & McKenzie International), has expertise in M&A and capital markets work. The firm recently handled flagship transactions in the oil and gas, healthcare, hospitality, education and FMCG sectors.

Practice head(s):


Matouk Bassiouny provides a unique level of service to foreign clients.  Their team offers international quality legal advice at a sophisticated level in the English language.  They have expertise in local law, policy and practices as strong as any Egyptian Law firm but they are able to deliver the right advice to foreign clients in a way that they can understand and drive decision making.  This is not easy to find in Egypt.

Omar Bassiouny deals with issues immediately when they are raised. He runs a busy practice and is often travelling but he still manages to make his clients feel valued.

Key clients

Helios Investment Partners

EFG Private Equity


Schneider Electric

Hassan Allam

Group SEB

Sherman & Sterling

Freshfields Bruckhaus Deringer

Allen & Overy

Slaughter and May

Clyde & co

NBK Capital Partners

Solvay Alexandria Sodium Carbonate

Dhunseri Petrochem Limited

Development Partners International

EFG Hermes

Arabian Holding Company

Mubadala Petroleum

Hassan Allam Holding

Palm Hills


Dispute resolution: arbitration Tier 1

Matouk Bassiouny & Hennawy frequently works in partnership with international law firms to handle cross-border arbitration. It recently worked with King & Spalding LLP to secure a $2bn award for Union Fenosa Gas from the Egyptian government. The practice, which is led by Amr Abbas and John Matouk, acts for blue-chip clients in high-value matters in many fora across Africa and Europe, and has a successful track record in cases involving the telecoms, energy, hospitality, pharmaceuticals, finance and construction sectors.

Practice head(s):

Key clients

Etisalat Misr, S.A.E.

Union Fenosa Gas

Melia Hotels International

Emirates International Investment Company

Reliance Heavy Industries S.A.E. (RHI)

Dispute resolution: litigation Tier 1

Matouk Bassiouny & Hennawy has one of the largest practices in Egypt and frequently works with international law firms in high-value commercial, employment and white-collar disputes. Amr Abbas, who mainly handles arbitration but also plays a key role in the litigation practice, practice head John Matouk and Mohamed Shehata, who rejoined the firm from telecoms company Etilsat Misr, are key names. Associate Momen Rezk is also noted.

Practice head(s):


Amr Abbas is a very bright litigator.  He knows the laws and regulations in Egypt very well and is able to find legal support for most arguments in a dispute.

John Matouk is very commercial. He takes charge of matters and is quick to suggest commercial solutions to move things forward when the regular legal processes are taking time. He has been a valuable participant in negotiations for us, by bridging cultural and language differences.

The team, led by John Matouk from day one of a very litigious and time-consuming mandate, has been very profound in its legal evaluation of the matter. All predictions which were very clear have proved to be supported by the Egyptian courts. In addition the team was very responsive and to the satisfaction of the common client always available with helpful information.

John Matouk stands out as a very experienced and profound counsel who not only is truly international but also has much insight into the Egyptian legal system and the functioning of the courts. He is very clear in his advice which also proved to be confirmed by the Egyptian courts.

Key clients

Sun Infinite Energy

C&J Clarks

Skoda Auto (Volkswagen Group)



Egyptian Resorts Company

Union Fenosa Gas




Energy Tier 1

Matouk Bassiouny & Hennawy's energy practice brings together expertise from its finance, corporate and litigation groups to advise lenders, borrowers, contractors, project developers and sponsors on oil, gas and power projects. One of the first firms in Egypt to work on renewable power projects, it maintains a prominent role in that fast-growing market. Head of finance and projects Mahmoud Bassiouny is the key contact.

Practice head(s):

Key clients



Sterling & Wilson



Total EREN

Sun Infinite

ib Vogt

Shapoorji Pallonji

Hassam Allam Utilities

Projects and infrastructure Tier 1

At Matouk Bassiouny & Hennawy, the corporate and finance practices combine to work with international law firms on market-leading projects, frequently in the energy sector. Mahmoud Bassiouny leads the finance and projects group in both the Cairo and Sudan offices, and works for sponsors, developers, contractors and suppliers on large projects. Counsel Ashraf Hendi who joined from Al Tamimi & Company is also noted.

Practice head(s):

Key clients




Total Eren


Maridive Oil & Services

Shapoorji Paloonji

Sonker Bunkering Company

Maridive Offshore Projects

Sterling & Wilson

Union Fenosa Gas/ Spanish Egyptian Gas Company S.A.E

Banque Misr

TMT Tier 1

Matouk Bassiouny & Hennawy climbs the ranking having formalised its TMT practice with the return of litigator and practice head Mohamed Shehata from his role as general counsel at major telecoms operator Etisalat Misr, which is now among the firm's key clients. The practice co-ordinates corporate, finance and litigation skills. Its media work includes a landmark trade mark enforcement action for Sony Pictures.

Practice head(s):

Key clients

Etisalat Misr

Delivery Hero




Sony Pictures

Halan for Technology and Services

NBK Capital Partners


Employment Tier 2

Matouk Bassiouny & Hennawy enters the ranking following the establishment of a dedicated employment practice that not only handles labour issues concerning corporate restructuring and M&A transactions, but also advises domestic and international clients on contracts, regulations, employee benefits, recruitment and dismissals, remuneration, investigations and disputes. Corporate partner Tamer El Hennawy, litigator Menha Samy and senior associate Yomna Elshibawi are the key contacts.

Practice head(s):


I have enjoyed working with Yomna Elshibawi and the team at Matouk Bassiony.  They have been helpful and knowledgeable.

Key clients







Hassan Allam


DLA Piper UK

DLA Piper US

Projects of Mounir Nakhla

Intellectual property Tier 2

Matouk Bassiouny & Hennawy enters the ranking having grown its client base under the guidance of legal manager and IP specialist Menna Elsherif and corporate partners Omar Bassiouny and Tamer El Hennawy. Following a watershed case for a US entertainment company, in which it recovered rights to content owned by an Egyptian TV channel, the firm has developed a strong caseload of IP prosecution and registration matters, as well as handling due diligence in corporate transactions.


The firm has an efficient and responsive team of lawyers, with an in-depth knowledge of Egyptian law and practice.’

Key clients

Arqaam Securities Brokerage S.A.E.

Arqaam Capital Egypt Holding for Financial Investments S.A.E.

Arqaam Capital for Promoting Underwriting and Financial Advisory for Financial Securities S.A.E

Karm Solar

Solb Misr






The firm: Matouk Bassiouny was officially established in 2002 as a partnership between John Matouk and Omar Salah Bassiouny; and became part of DLA Piper’s global network of offices shortly afterwards.

Since establishment, the firm has been providing full legal services to clients in corporate and M&A matters; banking and project finance; capital market matters; as well as dispute resolution, whether in litigation or arbitration.

The firm is now an independent law firm, and has significantly grown as regards the number of lawyers and clientele size, with a leading position in Egypt and regionally; and has built on its name and expanded by opening offices in Dubai, UAE, and Khartoum, Sudan. The firm also has offices in Algeria and Libya.

Areas of practice: Corporate and M&A: The Corporate/M&A group can assist with all aspects of corporate transaction, from initial term sheets and due diligence to negotiations, drafting and completion. The team specializes in providing general corporate and M&A advice to a wide range of multinational corporations, private equity firms, fund managers and blue-chip investors in Egypt and the region.

Capital Markets: The Capital Markets group specializes in securities-related transactions involving the Egyptian Exchange and the Egyptian Financial Supervisory Authority (including bond issuings), funds management, IPOs, listing and dual securities listing.

Dispute Resolution: The Dispute Resolution group’s primary goal is to effectively manage risk and resolve disputes pursuant to our client’s strategic interests – be it through amicable negotiation, litigation and arbitration.

Finance and Projects: The Finance & Projects group has substantial experience in providing local legal advice on asset-based finance, infrastructure finance, project finance and real estate finance, as well as on the strengths and weaknesses of local security available to lenders in the Egyptian market.

Department Name Email Telephone
Corporate and M&A Omar Salah Bassiouny (Founding Partner and Head of Corporate/M&A)
Corporate and M&A Tamer El Hennawy (Partner and Co-Head of Corporate and M&A)
Capital Markets Mohamed Abd El Fattah (Partner and Head of Capital Markets)
Dispute Resolution John Matouk (Partner and Head of Dispute Resolution)
Finance and Projects Mahmoud Bassiouny (Managing Partner, Head of Finance and Projects)
Partners : 16
Fee Earners : 137
Support Staff : 82



Egypt is the most populated country in the Middle East and the third most populous in Africa, with over 100 million inhabitants. Egypt occupies a strategic position. It is in the heart of the MENA region and is a major country in both the Arab world and Africa. Egypt has one of the largest and most diversified economies in the Middle East, which is projected to become one of the largest in the world in the 21st century. It has the third-largest economy in Africa and the world’s 40th-largest economy by nominal GDP.

The Egyptian economy suffered from a severe downturn following the 2011 and 2013 revolutions, which ousted former Presidents Hosni Mubarak and Mohamed Morsi respectively. These revolutions led to a notable fall in foreign investments and foreign currency cash reserves. However, the country’s economy started to reach a state of stability since the Egyptian military announced the political roadmap in July 2013.


In January 2014, the Egyptian Constitution of 2014 was passed in a referendum and replaced the Egyptian Constitution of 2012, which came into effect under Morsi. In June 2014, Abdel Fattah Al-Sisi was elected President of the Arab Republic of Egypt and re-elected in March 2018. The Egyptian parliament was constituted in December 2015. Another constitutional referendum was passed in April 2019 adding two new articles to the constitution and fourteen amendments, most notably extending the presidential term.



The Egyptian economy is gaining momentum since the government has been strongly promoting economic reforms.

In March 2015, President Al-Sisi hosted the Egypt Economic Development Conference (EEDC) in Sharm El Sheikh to highlight Egypt’s reform agenda, which attracted heads of states and multinational chief executives. During the conference, Egypt concluded deals up to USD 36 billion with foreign investors.


During the EEDC, Al-Sisi also presented his plan to establish a new Egyptian capital city. The new capital city’s purpose is to create many business opportunities for national and foreign investors. According to official statements, the government shall be transferred to the new capital city gradually between 2021 and 2022.



Egypt expanded the Suez Canal in 2015. The purpose of the expansion was to boost the Egyptian economy by allowing the passage of more and bigger ships. The Suez Canal has always been one of the most important pillars of Egypt’s economy as it represents a significant source of revenue.


As a result of the government’s efforts to improve its economy, the GDP growth rate increased to 5.6% during the financial year 2019 compared to GDP rate of 5.3% for the financial year 2018.


According to the Central Agency for Public Mobilization and Statistics (CAPMAS), the unemployment rate decreased to 7.5% during the second quarter of 2019. The current rate shows a remarkable progress as the unemployment rate was 13% in 2015.



The Egyptian legal system is based on the civil law system. Its most important legislation is the Civil Code, which mirrors principles of the Napoleonic code. It also adopts Islamic law principles in specific areas, such as family law and personal status matters.  In recent years, many of Egypt’s investment-related laws were reformed.

Companies Law Reform

In January 2018, Law no. 4/2018 amending the Companies Law was issued. Among other amendments, the aforementioned law introduced the sole person company for the first time. The sole person company is owned by one person, either a natural or a juristic person, who retains all the management powers. The minimum share capital of a sole person company is EGP 50,000 to be paid in full upon incorporation. The sole person company is essentially a limited liability company with one shareholder who is only liable within the limits of the capital of the company, except in limited cases where the corporate veil of the sole person company may be pierced.

New Investment Law

The new Investment Guarantees and Incentives Law no. 72/2017 (the “Investment Law”) was issued in May 2017 and further established and consolidated the one-stop shop system that enables investors to obtain permits and licenses directly from the General Authority for Investment and Free Zones (GAFI) instead of multiple government entities.

The Investment Law guarantees fair and equitable treatment to both foreign and Egyptian investors. Additionally, it grants the right to the Cabinet of Ministers, in light of the reciprocity principle, to grant favourable treatment to foreign investors. Its purpose is to facilitate the investment process and to provide investors with more effective services. It grants investors the right of residence, protection from expropriation, repatriation of profits, and importation of raw materials, production supplies, machinery, spare parts, and transportation means required for their activities. The Investment Law also aims to attract more investments in Egypt through offering further incentives and guarantees in certain sectors or regions.


This new Investment Law improved the corporate veil protection shielding senior executives from prosecution and offered new mechanisms for the settlement of investment disputes to encourage amicable settlement with the government (through the establishment of three separate committees).


Tax Law Reform

Presidential Decree 96/2015 was issued in August 2015, amending the Egyptian Income Tax Law as follows:

All locally registered companies are subject to a flat rate corporation tax of 22.5% on their net profits, with the exception of companies incorporated in a free zone. A higher rate of 40.55% applies to companies engaging in specific oil and gas activities.


The annual profit generated by a branch is subject to taxes according to the applicable taxation legislation in Egypt. Personal income tax is also payable in Egypt, on a sliding scale.


Personal Data Privacy Law

The Egyptian Parliament approved a new data protection law on February 24, 2020. The law will be published in the official gazette upon the President’s ratification. The new law defines personal data and sensitive data.

The new law sets out obligations on data controllers and processors concerning the required consent of individuals and legitimacy of collection and processing. The new law grants individuals a number of rights pertaining to their data such as the right of providing explicit consent on data collection and processing, rescinding consent, correction and erasing their data as well as the right to be informed of any breach thereto.

The new law includes establishing the Personal Data Privacy Centre as the regulator of data privacy, the mandate of which will include issuing licenses, ensuring compliance with the new law, and investigating complaints.

Anticipated Reforms

The Parliament is discussing a draft law proposing amendments to the law no. 67/2010 of public-private partnership (PPP). The draft law adds the operation and utilization of existing projects to the scope of PPP projects, and presents new methods of awarding projects other than public tenders. In addition, the proposed amendments cut red tape such as the prequalification requirement and restrict the mandate of the petition committee.

On the other hand, the Cabinet approved a draft law amending the banking law. The law will be introduced to the State Council and the Parliament for discussion and approval. The draft law, if passed, will include for example: (i) increasing the minimum capital requirements for banks; (ii) licensing e-payment and fintech businesses; (iii) authorizing the Central Bank of Egypt (CBE) to regulate cryptocurrencies; and (iv) requiring all banks’ fiscal years to start in January.


Egypt is a party to 112 bilateral investment treaties and is a member of the World Trade Organization (WTO) and of the Greater Arab Free Trade Area (GAFTA).


In 1998, Egypt became a party to the Common Market for Eastern and Southern Africa (COMESA).


Egypt has signed a treaty with the European Union called the Association Agreement, in force since 2004, which establishes a free trade area with elimination of tariffs on industrial and agricultural products.


Investment Vehicles

The most common corporate entities established or acquired by foreign investors in Egypt are the limited liability company (LLC) and the joint stock company (JSC).

Joint Stock Companies

Generally, joint stock companies must be formed with a minimum share capital of EGP 250,000. The minimum required capital amount may be higher depending on the activity of the company and the regulations related thereto. Only 10% must be paid at the time of incorporation, to be increased to 25% within 3 months, and the remaining amount of the nominal value of the shares is to be paid up within 5 years.

At least three founding shareholders and at least three directors must be appointed in the company.  Directors are required to hold regular meetings, which provides for higher level of corporate governance. It is easier for a JSC to raise funds, as its shares can be offered to the public and traded on the Egyptian Exchange.

Founding shares and shares issued in return for in-kind (i.e. non-cash) contributions may not be transferred until the financial statements of two full fiscal years are published. The Prime Minister can waive the above restrictions in relation to joint stock companies established under the Investment Law.
Directors and shareholders need not be Egyptian nationals, unless the company carries out one of the restricted activities set out below. Forming an Egyptian joint stock company takes five business days as of the date of submitting all documents in good order to the competent authority.
Limited Liability Companies

Limited liability companies have no minimum share capital requirements. Limited liability companies do not have a Board of Directors, but are managed by one or more managers who are responsible for the day-to-day management of the company and have full authority for representing it. A limited liability company must have at least two founding partners. There is no nationality restriction on the partners or managers except for the companies carrying out certain activities as noted below. As with a joint stock company, forming an Egyptian limited liability company takes five business days as of the date of submitting all documents in good order to the competent authority.



Foreign companies may establish branches in Egypt. The branch’s purpose is the performance of a particular contract entered into by the mother company. That contract must be submitted as part of the incorporation procedures.


There is no minimum legal capital for branches, however in practice the equivalent of a minimum of EGP 5,000 must be transferred in foreign currency to a bank account in Egypt in the name of the branch.


Representative offices

Foreign companies can establish representation, liaison or scientific offices in Egypt. There is no requirement for the manager of such offices to be Egyptian. Representative offices are prohibited from performing any kind of commercial or income generating activity and can be removed from the register for doing so.


Representative offices must notify the GAFI annually of the names, positions, nationalities and salaries of their staff members as well as their total wages, the percentage of the Egyptian staff’s wages and the work that those offices assumed.


No minimum capital is required, but in practice, the equivalent of a minimum of EGP 5,000 must be transferred in foreign currency to a bank account in Egypt in the name of the representative office.


Except for wages withholding taxes, the representative office is not subject to taxes since it does not generate profits from commercial activities and its activity is limited to studying and exploring the Egyptian market.



In principle, there are no nationality restrictions in connection with foreign investment in Egypt. However, specific activities such as commercial agency and importation with the purpose of trade include nationality requirements. Certain regulatory approvals are required for foreign and local investments in Egyptian banks and insurance companies exceeding 10% of the issued shares. Foreign ownership of land is restricted in the Sinai Peninsula.

Sector-specific controls

Licenses and government approvals are required to establish a business in Egypt. Regulatory approvals are required for acquisitions and disposals in the banking, insurance, hospitals, pharmaceutical plants, oil and gas, and telecommunication sectors.


The Egyptian Competition Authority (ECA) ensures free competition in the market by prohibiting anticompetitive practices and serves consumer and producer interests.


The Egyptian Competition law was enacted in 2005 and regulates horizontal and vertical restraints, cases of abuse of dominance and cartels.  It also provides an exhaustive list of prohibited agreements.


The ECA may exempt agreements relating to horizontal restraints if their objective is to attain economic efficiency and if the benefit arising from them exceeds the harm to the freedom of competition.


New amendments to the law were made in 2014 granting automatic immunity from prosecution to the first whistle-blower who reports the existence and submits evidence of cartels to the ECA.


M&A transactions

Notifications must be made to the ECA, within 30 days of the conclusion of the relevant commercial agreement and if the turnover of the respective parties exceeds certain thresholds. Clearance is not required and there is no obligation to suspend.


Where the COMESA merger regime applies, notification is mandatory and must be made within 30 days of the parties’ decision to merge. There is no obligation to suspend.





Following the revolution of 2011, Egypt suffered from budget deficits, shortage in foreign currency, downgrading its credit rating, steep rise of inflation and unemployment rates, and fall of tourism revenues, which is the country’s top source of foreign currency earnings.


In November 2016, Egypt received $12 billion loan from the International Monetary Fund, the fifth and final tranche was received in July 2019. As a result, Egypt adopted bold measures as part of its economic reform program such as floating Egyptian Pound, cutting energy subsidies, and introducing new value-added tax (VAT).


As a result, the foreign currency reserve significantly increased to reach $45.42 billion by December 2019, meanwhile, the Egyptian Pound exchange rate remains relatively stable with a slight upward trend.


Interest Rates

After interest rates peaked at 18.75% in 2017, the CBE decreased the interest rate gradually to reach 12.25% in November 2019. In March 2020, the CBE declared cutting interest rate by 300 basis points to reach 9.25%, which is the lowest rate since early 2016, to support the economy against the COVID-19 outbreak.


Credit Ratings

Egypt’s credit ratings have been upgraded to B, B2 and B+ by Standard & Poor and Moody’s,and Fitch, respectively, with stable outlook.


Economic policies adopted by Egypt, especially interest rate cuts and easing inflation, were the main drivers of upgrading the credit rating.


Inflation Rates

According to CAPMAS, Egypt inflation rate reached the lowest level in nearly a decade in October 2019 to reach 2.4% compared to 17.5% a year earlier. Despite slight fluctuations in inflation rates in the following months, CAPMAS further announced that the annual inflation rate fell to 6.8% in January 2020, compared to 12.2% in January 2019.




The Central Bank of Egypt monitors and controls the inflation rate through its monetary policies. The recent lowering of interest rate by 300 basis points in March 2020 will likely have an adverse effect on inflation rates.

Main Trade Sectors

Egypt is the world’s largest importer of wheat and one of the largest producers and exporter of potatoes, after the Netherlands, France and Germany.

The country is also known for its strong exportation of textile and steel, and raw materials.


The European Union is Egypt’s main trading partner, especially after the implementation of the Association Agreement in 2004.


Egypt mainly exports to the European Union fuel and mining products, textile and clothing and chemicals and imports machinery and transport equipment. Most of Egypt’s foreign trade is handled by Egypt’s main port, the Port of Alexandria.


On a related front, trading with African countries remains low despite Egypt being a party to COMESA. This is due to the lack of trade promotion and business knowledge, as well as problems in transport and logistics.



Oil and Gas

Egypt is a major player in the international energy market as it operates the Suez Canal and the Suez-Mediterranean pipeline. Natural gas and oil are the primary fuels for Egypt’s energy sector, which positions Egypt as the largest oil and natural gas consumer in Africa.


A specific concession is required to carry out exploration activities and to exploit oil and gas resources. Each concession agreement must be entered into following the promulgation of a specific law that allows the concession agreement to be entered into between the Arab Republic of Egypt, the Egyptian Petroleum Company and the foreign company.


In 2015, Eni discovered a giant natural gas field on the Mediterranean offshore. The reserve is estimated at 30 trillion cubic feet. As of 2020, Egypt’s proven natural gas reserve is around 77 trillion cubic feet, ranking 16th in the world. In addition, Egypt has signed a bilateral treaty with Cyprus in 2018 to build a natural gas pipeline to transport natural gas from the Aphrodite field to Egypt for liquefaction, and then re-export the liquefied natural gas.


Egypt is currently repositioning itself as a hub for natural gas between Africa and Europe through continuous coordination and joint arrangements with Cyprus and Greece.


As of August 2017, Egypt has witnessed the issuance of a new gas market activities law no. 196/2017 which aims to create a liberalised gas market, subject to the principles of free competition, non-discrimination between gas market participants and the prohibition of monopolistic practices. Accordingly, this law establishes an entity named Gas Market Activities Regulatory Authority as the regulator of the gas market, granting it broad regulatory powers over the gas market generally and to the licensing regime particularly.


Renewable Energy

Egypt set a target of generating 20% and 33.3% of its electricity from renewable resources by 2022 and 2035, respectively.



Egyptian Law no. 203/2014 created the Feed-in Tariff Program for generating electricity from solar and wind energy. Egypt has constructed Benban Solar Park which is a power complex of 41 solar power plants with capacity of 1.8GW. The project is the biggest solar photovoltaic park in the world and costed around $4 billion.


The Egyptian Government is the sole off taker of the produced energy with the tariff set by a Cabinet Decree and a new electricity law has been enacted accordingly in 2015. The land on which the projects are being developed was allocated by the Egyptian government to the qualified developers on a first-come, first-served basis.



This guide does not constitute legal advice, nor does it purport to address every legal issue or summarize the current rules, structures or regulatory frameworks.

The regulatory system in Egypt is dynamic and subject to frequent changes in application and interpretation. We recommend that you obtain legal advice and liaise with the relevant government authorities on how the law applies to foreign investors in respect of a particular investment or business activity at the relevant time.


We hope that you find this guide to be a useful overview of the high-level legal issues in relation to doing business in Egypt. Please do not hesitate to contact us if you have any queries regarding the material set out in this guide or if you require specific legal advice in respect of an establishment in Egypt.


For further information, please visit:

Mahmoud Bassiouny, Managing Partner and Regional Head of Finance & Projects

Mahmoud Bassiouny explains how he is adapting to clients’ changing needs

What do you see as the main points that differentiate Matouk Bassiouy & Hennawy from your competitors?

We are very proud at Matouk Bassiouny to have created a diverse workplace, where people from different genders, backgrounds and nationalities can exchange ideas and consolidate on existing knowledge. This is far from being an “achievement”, as we are aware that diversity, inclusion, and knowledge sharing must be a continuous work in progress that takes into account both the shifting dynamics and realities in our region, as well as the nature of the business of law, which has sometimes pushed lawyers to hoarding and self-centred approaches in regard to work and clients.

What do you do differently from your peers in the industry?

We believe in specialization. In 2013 we were the first firm in Egypt to decide on implementing core practice groups (as opposed to the then prevailing generalist model). We have also started implementing sector groups that cut horizontally across the practice groups, with the aim being to create a space for lawyers from the different practice groups to focus and foster knowledge in specific sectors. We are seeing an exponential increase in knowledge sharing and a reduction in the time lawyers need to understand a specific issue.

What advice would you give to your younger self?

Some industries will die!

Can you give me a practical example of how helped a client add value to the business?

We firmly believe that our role is to add value to the business, and not just explain the legal requirements. This value was most evident during the 2011 Egyptian Revolution, and the years succeeding that, where we had to implement creative structures to diffuse and mitigate labour unrest (our Disputes Resolution group), implement structures that reduced tax and liability exposure (our Corporate and M&A group), and help clients structure project financings in high risk times and move trapped cash out of Egypt (our Finance & Projects group).

Within your sector, what do you think will be the biggest challenge for clients over the next 12 months?

Clients operating in the region have to deal with fast paced political changes regionally, and disrupting technologies globally. We are seeing this affect our clients in many ways, but we are optimistic as we believe that challenges push us towards evolution and change.