Gov’t considering tax breaks and incentives for Sinai investors

The government is looking into potential incentives for investors in the Sinai Peninsula, including offering tax and customs exemptions for a limited period of time and offering land in North Sinai under a usufruct framework, Prime Minister Moustafa Madbouly said yesterday, according to Amwal El Ghad. The measures are meant to encourage development in the peninsula. The Suez Canal Authority is also reviewing proposals to facilitate access to financing for development projects in Sinai, Al Mal reports.