Page 49 - EGYPT - En Vol.4 HD

E gypt
Snapshot of E gypt 47
Land and Properties Allocation and schedule in respect of the implementation of the investment project
approved by the concerned entity, so long as entities have fulfilled its
Industrial, and Administrative Rents: obligations toward investors. Moreover, investors should not do any
sort of modification to their investment projects at the beginning
of setting up their business, unless they are done with their written
Lands needed for establishing investment projects are allocated in approval of the concerned entities for such a start.
accordance with Investment Law No. 72 of 2017 and its Executive Real Estate required for carrying on or expanding the investment
Regulations, as follows:
projects can be allocated by selling, renting, rent-to-own, usufruct
licensing.
1- Land and Properities Allocation:
Upon Investment Project becoming operational, payment, whether
in whole or in part, by the State for the expense incurred by Investor
A. Inland Investment Regime: in course of providing utilities to the premises of Investment Project.

Refund at fifty percent (50%) of the value of the land allocated for the
An Investor has the right to obtain the land required for starting up or industrial projects, should production start within two (2) years from
expanding his activity, whatever percentage of partnership or shares the date on which the land was handed over.
in capital such investor holds, subject to the investment-related laws Allocation of lands free of charge to some strategic activities in
and regulations of the geographic areas where the land is located.
accordance with the legally prescribed rules in this respect.
The administrative authority provides the General Authority for
Investment and Free Zones within ninety days with detailed and At the Appropriate Minister's recommendation, exemption from
specific maps of all the real estate under its jurisdiction and available usufruct fees imposed against the lands allocated to set up
for investment, in addition to the location, square, heights, and Investment Project for a period up to ten (10) years as of operations
estimated price, and the obligation to update data every 6 months or start date.
whenever the Authority requests. The investment project shall stick to the purpose based on which
the real state property was disposed of, and such purpose may not
Disposition of real estate, falling within the private-domain property be changed expect upon the written consent of the administrative
of the State or of other public juridical persons, to Investors have to authority with the jurisdiction and the application for changing of
be for the purpose of Investment in accordance with the provisions, the purpose shall not be accepted before the lapse of one year from
controls and procedures stipulated in the Investment Law and its the date of production or activity start up.
Executive Regulations. Investors have to comply with the submitted