The government reform program also aims to improve the business and investment climate in Egypt. It works on encouraging foreign investors through facilitating procedures and regulations to enter the market and grow, such as the following:

• Protection against expropriation (i.e. protection against nationalisation);
• No interference from the government in price setting or profit margins;
• Tax exemptions for foreign experts in some cases;
• Facilitating stamp duties and procedures;
• Exempting some investments from certain labour law requirements and standards.

The recently issued Investment Law aims at attracting investments and developing the country’s business environment. It stresses on the importance of facilitating and speeding up the establishment of businesses and handling investors’ issues in order to achieve their legitimate interests.

In this respect, the law is drafted based on a careful study of the best comparative investment regimes to protect the rights of both serious investors as well as the state, and to stimulate investment. It reassures local and international investors about their money and stimulates investment through new customs and tax incentives for projects that create added value and employ a significant number of labours. It also includes decisive measures to overcome routine and bureaucracy in order to contribute to increasing production rates with the aim of exporting and stimulating economic growth. The law enhances the process of doing business, regulates the process of setting disputes, and facilitates the liquidation and exit, as well as importing production requirements and raw materials procedures.

Correspondingly, another law for facilitating licenses of industrial establishments is issued, and considered an important step towards enhancing the ease of doing business of industrial entities; hence, contributes to the growth of the industrial sector in Egypt.

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