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:: INVESTMENT QUALIFICATIONS

Projects carried out by companies in Egypt must come within the areas of investments permitted under the Investment Law. Egyptian, Arab and foreign investors have the right to act separately or together. Generally, a minimum capital of the order of US$ 300,000 is required and the project may be wholly foreign owned. Investment fields include:

•  Reclamation of barren and desert land,
•  Animal poultry and fish production,
•  Manufacturing and mining,
•  Tourist and agricultural projects,
•  Aviation and transport services,
•  Overseas maritime transport,
•  Oil exploration services,
•  Housing and infrastructure projects,
•  Medical facilities,
•  Lease financing and underwriting securities,
•  Information technology,
•  Computer software and high-tech products,
•  Telecom & satellite networks,
•  Underground metro lines and car tunnels,
•  Developing new towns,
•  River transport

The People's Assembly in June 2000 approved an amendment to Article 23 of the Investment law to provide full benefits to project expansions provided that new capital is injected and new assets are added to increase productive capacities.

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