The new investment law no. 72 of 2017 is ratified and officially published on the 31st of May 2017. The law comes into effect the next day and it cancels and replaces the Investment Guarantees and Incentives Law no. 8 for 1997 (“Law 8/1997”). The aim of the law is generally to attract new investments to Egypt through offering further incentives and guarantees, removing obstacles and streamlining the procedure.
For more information please refer to our published article Egypt's New Investment Law 2017.