IDA places moratorium on land tenders for coming months, competition authority is going monopoly hunting aming importers

Industry wants to watch out for the next few months: The Industrial Development Authority (IDA) will not issue further land tenders for the remainder of this year, an IDA source told the local press. The pause is intended to give time for investors that have already purchased land from the authority to begin development. The IDA had previously warned some 800 investors that they could lose their land if they fail to begin development and construction.

And the competition watching is monopoly-hunting: The Egyptian Competition Authority is investigating whether a 2016 law enforcing the registration of foreign companies exporting goods to Egypt is promoting anti-competitive practices among domestic importers, according to Youm7.