Investment treaty arbitration—Egypt—Q&A guide
Investment treaty arbitration—Egypt—Q&A guide

The following Arbitration practice note provides comprehensive and up to date legal information covering:

  • Investment treaty arbitration—Egypt—Q&A guide
  • 1. What is the prevailing attitude towards foreign investment?
  • 2. What are the main sectors for foreign investment in the state?
  • 3. Is there a net inflow or outflow of foreign direct investment?
  • 4. Describe domestic legislation governing investment agreements with the state or state-owned entities.
  • 5. Identify and give brief details of the bilateral or multilateral investment treaties to which the state is a party, also indicating whether they are in force.
  • 6. If applicable, indicate whether the bilateral or multilateral investment treaties to which the state is a party extend to overseas territories.
  • 7. Has the state amended or entered into additional protocols affecting bilateral or multilateral investment treaties to which it is a party?
  • 8. Has the state unilaterally terminated any bilateral or multilateral investment treaty to which it is a party?
  • 9. Has the state entered into multiple bilateral or multilateral investment treaties with overlapping membership?
  • More...

arbitration'>Investment treaty arbitration—Egypt—Q&A guide

This Practice Note contains a jurisdiction-specific Q&A guide to investment treaty arbitration in Egypt published as part of the Lexology Getting the Deal Through series by Law Business Research (published: February 2021).

Authors: Shahid Law Firm—Girgis Abd El-Shahid; Inji Fathalla

1. What is the prevailing attitude towards foreign investment?

Egypt has continued to recognise the importance of foreign direct investment (FDI) by having implemented the following:

  1. the Golden Triangle Economic Zone;

  2. a new law establishing a natural gas regulatory authority for the licensing and opening up of the gas market to competition;

  3. the promulgation of the Industrial Permits Act and its executive regulations, aiming to ease the procedure for obtaining licences for industrial establishments;

  4. maintaining the Egyptian pound value in the market; and

  5. issuing numerous decrees facilitating the procedures for investment and assisting investors.

Egypt continues to explore avenues for developing a domestic automotive manufacturing industry. It also continues to seek to become an energy hub in the Middle East and North Africa region, particularly as a result of upcoming production from the Zohr field and other important Egyptian energy production areas, including:

  1. the Hamarawein 'clean coal' power plant, which will be the largest coal-fired plant in the Middle East and Africa;

  2. the Benban Solar Park in Aswan, which is the largest grid-connected solar installation in the world;

  3. El Dabaa Nuclear Power Plant; and

  4. possible

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