OECD Investment Policy Reviews: Egypt 2020
This review uses the OECD Policy Framework for Investment to provide an assessment of the investment climate in Egypt and to discuss the challenges and opportunities faced by the government of Egypt in its reform efforts. The review examines trends in foreign investment and their socio-economic benefits, the country’s wider regulatory framework on investors’ entry and expansion, its legal framework for investment, and its strategy for investment promotion and facilitation. It also looks at Egypt’s zone-based policies, tax policy and investment incentives, its strategies to promote responsible business conduct, and progress in infrastructure connectivity.
Legal framework for investment
This chapter provides an overview of Egypt’s legal framework for the protection of investment. It takes stock of the investment policies in force and examines the level of regulatory protection granted to both domestic and foreign investors since the enactment of the 2017 Investment Law, which constitutes a milestone in Egypt’s recent efforts to reposition itself as an attractive and safe investment destination. The chapter looks into the rules for property protection, access to land and investor-state dispute settlement, and reviews its international investment treaty practice. It also explores Egypt’s efforts to establish a corporate governance framework for state-owned enterprises, which play a major role in the country’s economic landscape.