The executive regulations to the Investment Act will be released in a couple of weeks’ time, Federation of Egyptian Industries’ Investment Committee chair Mahmoud Soliman tells Youm7. Government officials, however, didn’t give a clear timeline for the regulations. The Ismail government is legally allowed to deliver the regulations within three months from the date on which the House passed the law; the Investment Act passed on 7 May. The regulations to the law are expected to tackle issues including export quotas to qualify for tax rebates, the allocation of industrial land, and the governance of private-sector free zones. They are also expected to clarify procedures for winding up a company, which will also be governed by the Bankruptcy Act that’s currently in the works.

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