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ARTICLE · 15 JANUARY 2024

Investment And Security: Resolving Legislative Contradictions

Andersen
Andersen
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Recently, the Egyptian House of Representatives finally approved amendments to Articles 11 and 12 of the Desert Land Law No. 143 of 1981, allowing non-Egyptians to own desert lands in Egypt.

EgyptReal Estate and Construction

Recently, the Egyptian House of Representatives finally approved amendments to Articles 11 and 12 of the Desert Land Law No. 143 of 1981, allowing non-Egyptians to own desert lands in Egypt. This amendment aligns the law with Investment Law No. 72 of 2017 and the Desert Land Law. This amendment is Compatible with the ruling of the Supreme Constitutional Court, to create an attractive investment climate. In this article, we clarify that this legal amendment does not conflict with Egyptian national security or affect the sanctity of the Sinai Peninsula.

Necessity of Intervention: Addressing Legislative Contradictions

  • Investment Law No. 72 of 2017 allows both Egyptian and foreign investors to own properties without discrimination, regardless of their share or contribution to the company's capital, as stated in Article 55. This contradicts Article 11 of the Desert Land Law, which requires Egyptians to own 51% of a company's capital, limiting individual ownership to

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