Updated Egyptian Competition And Anti-Monopoly Regulations

In a significant development for competition policy in Egypt, the legislator recently introduced amendments under the Prime Minister's Decision No. 1120 of the year 2024 to the Executive Regulations of the Competition Protection and Anti-Monopolistic Practices Law No. 1316 of 2005. A key focus of these changes is strengthening the framework for regulating mergers and acquisitions that could lead to excessive economic concentration in the market.

At the beginning of 2024, the Prime Minister issued a decree to amend Decision No. 1316 of 2005 have introduced more robust merger control provisions aimed at preventing the creation or reinforcement of dominant market positions. This is a crucial step in safeguarding competition and protecting consumer welfare in the Egyptian economy.