H
ASSOUNA & ABOU ALI 

Attorneys At Law
Cairo, Egypt

   
Home
  Firm Profile
Lawyers
Practice Areas
  Clients
  Legal Bulletin
  Contact Info
  Feedback
 


Legal Bulletin

Integrated Development Law of the Sinai Peninsula

9/20/2012

Law 14 of 2012 regulates investment projects and ownership and use of lands in Sinai. The new Law and its Executive Regulations issued by Prime Minster Decree 959 of 2012 establishes the National Authority for the Development of Sinai. It also calls upon the Cabinet to determine the governmental authorities that are concerned with the development and management of activities in Sinai. The Board of Directors of the NADS will determine areas for investment projects in all fields and shall publish its decisions. The law prohibits ownership of lands to non-Egyptians or corporate entities not wholly owned by Egyptians. Lands within areas allocated for development shall be granted under usufruct right regime. Companies undertaking development projects in Sinai must be 55% owned by Egyptians.

Up 

Home ] Firm Profile ] Lawyers ] Practice Areas ] Clients ] Legal Bulletin ] Contact Info ] Feedback ] PROFESSIONAL AND TRADE ORGANIZATIONS ]
Last modified: August 31, 2009      Copyright Hassouna & Abou Ali       Disclaimer