Amendments Of The Investment Law

The Prime Minister issued Executive Regulation No. 1203 of the year 2024 to amend some provisions of the final regulations of Investment Law No. 72 of 2017 to define the text of the second paragraph of Article (10) and the texts of Articles (41), (42) and (43) of the aforementioned Investment Law with the aim of increasing and expanding projects and facilitating the licensing of investment activity. The ministerial authority has approved the expansion of the scope of the golden license to all investors and multitude of activates it was limited to companies executing strategic or national projects only.

According to the old regulation of article 11 of the Investment Law follows the projects were located in the geographical scope of sectors (A and B) which defined by applying the rules of Article (11) of the Investment Law: Sector (A) contains the Suez Canal Economic Zone, the Golden Triangle Economic Zone, and other places in need of development as designated by