{"id":589642,"date":"2023-07-06T00:00:00","date_gmt":"2023-07-06T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/06\/sherif-amer-brings-us-the-latest-on-fdi-incentives-wildcat-building-law\/"},"modified":"2023-07-06T00:00:00","modified_gmt":"2023-07-06T00:00:00","slug":"sherif-amer-brings-us-the-latest-on-fdi-incentives-wildcat-building-law","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/06\/sherif-amer-brings-us-the-latest-on-fdi-incentives-wildcat-building-law\/","title":{"rendered":"Sherif Amer brings us the latest on FDI incentives + wildcat building law"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">It was a Sherif Amer-heavy night on the airwaves: <\/span><span>Yahduth Fi Masr\u2019s Sherif Amer <\/span><span style=\"font-weight:400;\">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. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Where is the new <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;font-weight:700;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e5cadb00-f078-4c70-8667-8d5fc50ad151\" style=\"\">wildcat building law<\/a><\/span><span style=\"font-weight:700\">? <\/span><span>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 (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.youtube.com\/watch?v=ryq27sCsk1A\" style=\"\">watch, runtime: 9:32<\/a><\/span><span>). The draft law would allow more owners of illegal buildings to pay \u201creconciliation fees\u201d to legalize their status. It was <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e5cadb00-f078-4c70-8667-8d5fc50ad151\" style=\"\">approved by the cabinet<\/a><\/span><span style=\"font-weight:400;\">late last year.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Leveling the playing field? <\/span><span>Amer also noted the House Planning and Budget Committee\u2019s approval yesterday of a bill that would eliminate special tax treatment for some state-owned entities. \u201cWe are working towards fairness and equality \u2026 this comes under the economic reforms program that is part of the [USD 3 bn] IMF agreement,\u201d committee chair Fakhry El Fiqi told Amer (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.youtube.com\/watch?v=eYJhpXM4d0E\" style=\"\">watch, runtime: 6:21<\/a><\/span><span style=\"font-weight:400;\">). We have all the details in Legislation Watch, above. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">When can we expect the Scatec 5-GW wind farm to start operations? <\/span><span>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 (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.youtube.com\/watch?v=u5GdqmV4044\" style=\"\">watch, runtime: 9:39<\/a><\/span><span style=\"font-weight:400;\">). We have the full story in our Energy sectionl, above. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">FACT CHECK- <\/span><span>The <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid02XXus4MYXpbNJApvKVU4rMPbBU8yy7jrwwKeLPPf8BKp784B7Vwa8BEK6u6rjfJBQl\" style=\"\">cabinet<\/a><\/span><span> 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 (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.youtube.com\/watch?v=9QIuR8rqkK8\" style=\"\">watch, runtime: 5:58<\/a><\/span><span style=\"font-weight:400;\">).<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PLUS: The Scatec 5-GW wind farm could be fully operational by 2029<\/p>\n","protected":false},"author":1,"featured_media":589643,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7232],"tags":[72,274,106],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-589642","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-last-nights-talk-shows","tag-enterpriseam","tag-house-of-representatives","tag-last-nights-talk-shows","wpautop","entry"],"acf":{"mongo_id":"9ed985c8-13c3-4795-832d-82d21992e531","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/7\/193.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Talk shows cover the latest on investment, wildcat building from House of Representatives","related_issue":[589622],"teaser":"PLUS: The Scatec 5-GW wind farm could be fully operational by 2029","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/7\/.eb7366e5-b58b-4451-bd71-497001cf506a.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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