It was a Sherif Amer-heavy night on the airwaves: Yahduth Fi Masr’s Sherif Amer dominated the airwaves last night, covering investment incentives making their way through the House and the draft law on reconciling the status of wildcat buildings.
Where is the new wildcat building law? A heavily-awaited law that would allow more illegal properties to go legit is being held up as the government awaits the data needed to draft its executive regulations, MP Ihab Mansour told Amer (watch, runtime: 9:32). The draft law would allow more owners of illegal buildings to pay “reconciliation fees” to legalize their status. It was approved by the cabinetlate last year.
Leveling the playing field? Amer also noted the House Planning and Budget Committee’s approval yesterday of a bill that would eliminate special tax treatment for some state-owned entities. “We are working towards fairness and equality … this comes under the economic reforms program that is part of the [USD 3 bn] IMF agreement,” committee chair Fakhry El Fiqi told Amer (watch, runtime: 6:21). We have all the details in Legislation Watch, above.
When can we expect the Scatec 5-GW wind farm to start operations? The USD 5 bn, 5-GW wind farm in Sohag is expected to be fully operational in six to seven years, with construction to start in two years, New and Renewable Energy Authority head Mohamed El Khayat told Al Hayah Al Youm (watch, runtime: 9:39). We have the full story in our Energy sectionl, above.
FACT CHECK- The cabinet has denied rumors circulating about the Customs Authority banning the import of a list of goods for a three-month period. Amer walked his viewers through ways to identify a fake Official Gazette document (watch, runtime: 5:58).