{"id":628891,"date":"2018-05-16T04:12:02","date_gmt":"2018-05-16T04:12:02","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/16\/house-passes-procurement-act-and-law-granting-industrial-development-authority-full-autonomy-from-trade-ministry-shopping-centers-act-gets-nod-in-committee\/"},"modified":"2018-05-16T04:12:02","modified_gmt":"2018-05-16T04:12:02","slug":"house-passes-procurement-act-and-law-granting-industrial-development-authority-full-autonomy-from-trade-ministry-shopping-centers-act-gets-nod-in-committee","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/16\/house-passes-procurement-act-and-law-granting-industrial-development-authority-full-autonomy-from-trade-ministry-shopping-centers-act-gets-nod-in-committee\/","title":{"rendered":"House passes procurement act and law granting Industrial Development Authority full autonomy from trade ministry; shopping centers act gets nod in committee"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a> <strong>LEGISLATION WATCH- House passes law granting IDA autonomy from Trade and Industry Ministry: <\/strong>The House of Representatives gave its final nod yesterday to legislation that gives the Industrial Development Authority (IDA) autonomy from the Trade and Industry Ministry, <a href=\"https:\/\/www.facebook.com\/mift.media\/posts\/1683485565053571\">according to a ministry statement<\/a>. MPs had signed off on the act <a href=\"https:\/\/enterprise.press\/stories\/2018\/01\/21\/house-signs-off-on-law-granting-ida-autonomy-from-trade-and-industry-ministry\/\">back in January<\/a> and sent it to the Council of State for a final review. The law grants the agency financial and administrative independence from the ministry and make it responsible for allocating land to investors for industrial purposes and awarding industrial permits and licenses.<\/p>\n<p><strong>The House general assembly also <\/strong><a href=\"http:\/\/www.ahram.org.eg\/News\/202648\/136\/651689\/%D9%85%D8%AA%D8%A7%D8%A8%D8%B9%D8%A7%D8%AA\/%D8%A7%D9%84%D9%86%D9%88%D8%A7%D8%A8-%D9%8A%D9%88%D8%A7%D9%81%D9%82-%D8%B9%D9%84%D9%89-%D9%82%D8%A7%D9%86%D9%88%D9%86-%D8%AA%D9%81%D8%B6%D9%8A%D9%84-%D8%A7%D9%84%D9%85%D9%86%D8%AA%D8%AC%D8%A7%D8%AA-%D8%A7%D9%84%D9%85%D8%B5%D8%B1%D9%8A%D8%A9-%D9%81%D9%89-%D8%A7.aspx\"><strong>approved yesterday<\/strong><\/a><strong> the Public Procurement Act.<\/strong> Products with at least 40% domestic content will now get priority in government tenders over competing products with less domestic input. The law now includes Egyptian-made tech products and software among the categories granted preferential treatment, the head of the Federation of Egyptian Industries\u2019 ICT division, Tamer Mohamed, <a href=\"https:\/\/www.youm7.com\/story\/2018\/5\/15\/%D8%BA%D8%B1%D9%81%D8%A9-%D8%B5%D9%86%D8%A7%D8%B9%D8%A9-%D8%A7%D9%84%D8%AA%D9%83%D9%86%D9%88%D9%84%D9%88%D8%AC%D9%8A%D8%A7-%D8%A5%D8%B6%D8%A7%D9%81%D8%A9-%D8%B4%D8%B1%D9%83%D8%A7%D8%AA-%D8%A7%D9%84%D8%AA%D9%83%D9%86%D9%88%D9%84%D9%88%D8%AC%D9%8A%D8%A7-%D8%A8%D9%82%D8%A7%D9%86%D9%88%D9%86-%D8%AA%D9%81%D8%B6%D9%8A%D9%84-%D8%A7%D9%84%D9%85%D9%86%D8%AA%D8%AC-%D8%A7%D9%84%D9%85%D8%AD%D9%84%D9%89\/3795642\">tells Youm7<\/a>. Trade and Industry Minister Tarek Kabil also the legislation as necessary to support the growth and development of domestic industry, <a href=\"http:\/\/www.mti.gov.eg\/Arabic\/MediaCenter\/News\/Pages\/%D9%85%D8%AC%D9%84%D8%B3-%D8%A7%D9%84%D9%86%D9%88%D8%A7%D8%A8-%D9%8A%D9%88%D8%A7%D9%81%D9%82-%D8%B9%D9%84%D9%89-%D8%AA%D8%B9%D8%AF%D9%8A%D9%84%D8%A7%D8%AA-%D9%82%D8%A7%D9%86%D9%88%D9%86-%D8%AA%D9%81%D8%B6%D9%8A%D9%84-%D8%A7%D9%84%D9%85%D9%86%D8%AA%D8%AC-%D8%A7%D9%84%D9%85%D8%AD%D9%84%D9%89-%D9%81%D9%8A-%D8%A7%D9%84%D8%B9%D9%82%D9%88%D8%AF-%D8%A7%D9%84%D8%AD%D9%83%D9%88%D9%85%D9%8A%D8%A9.aspx\">according to a statement<\/a>. He noted that the law would impose specific quality standards for local products.<\/p>\n<p><strong>The House Local Administration Act approved on Tuesday the Shopping Centers Act<\/strong>, which would simplify licensing procedures for shopping malls and nightclubs, <a href=\"https:\/\/www.youm7.com\/story\/2018\/5\/16\/%D9%85%D8%AD%D9%84%D9%8A%D8%A9-%D8%A7%D9%84%D8%A8%D8%B1%D9%84%D9%85%D8%A7%D9%86-%D8%AA%D9%88%D8%A7%D9%81%D9%82-%D9%86%D9%87%D8%A7%D8%A6%D9%8A%D8%A7-%D8%B9%D9%84%D9%89-%D9%85%D8%B4%D8%B1%D9%88%D8%B9-%D9%82%D8%A7%D9%86%D9%88%D9%86-%D8%A7%D9%84%D9%85%D8%AD%D8%A7%D9%84-%D8%A7%D9%84%D8%AA%D8%AC%D8%A7%D8%B1%D9%8A%D8%A9\/3796127\">Youm7 reports<\/a>. Hotels and tourism facilities have been excluded from the legislation, according to the newspaper. This is the first we\u2019ve heard of this law and the only draft out there is not legible (<a href=\"http:\/\/www.shorouknews.com\/news\/view.aspx?cdate=15052018&id=70147617-f2dc-4cd4-acb3-69b00b5124b1\">thanks, Al Shorouk<\/a>). We\u2019ll be back with more details as they emerge.<\/p>\n<p><strong>The House of Representatives\u2019 general assembly is now in recess until 3 June<\/strong>, <a href=\"http:\/\/gate.ahram.org.eg\/News\/1918942.aspx\">Ahram Gate reports<\/a>. We believe House committees will still meet during the recess to discuss pressing legislation, including the FY2018-19 state budget.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LEGISLATION WATCH- House passes law granting IDA autonomy from Trade and Industry Ministry: The House of Representatives gave its final nod yesterday to legislation that gives the Industrial Development Authority (IDA) autonomy from the Trade and Industry Ministry, according to a ministry statement. MPs had signed off on the act back in January and sent [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"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":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-628891","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"9180544f-88f5-46e3-bf48-1cb8d4cae8b1","order":"0","is_powered_by":true,"section_story_id":"7a347530-8cd7-4043-80cf-e9698fd28e26","story_type":"1","photo_url":"","photo_position":"above","related_issue":[628875],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>House passes procurement act and law granting Industrial Development Authority full autonomy from trade ministry; shopping centers act gets nod in committee - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/16\/house-passes-procurement-act-and-law-granting-industrial-development-authority-full-autonomy-from-trade-ministry-shopping-centers-act-gets-nod-in-committee\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"House passes procurement act and law granting Industrial Development Authority full autonomy from trade ministry; shopping centers act gets nod in committee\" \/>\n<meta property=\"og:description\" content=\"LEGISLATION WATCH- House passes law granting IDA autonomy from Trade and Industry Ministry: The House of Representatives gave its final nod yesterday to legislation that gives the Industrial Development Authority (IDA) autonomy from the Trade and Industry Ministry, according to a ministry statement. MPs had signed off on the act back in January and sent [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/16\/house-passes-procurement-act-and-law-granting-industrial-development-authority-full-autonomy-from-trade-ministry-shopping-centers-act-gets-nod-in-committee\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-05-16T04:12:02+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/16\/house-passes-procurement-act-and-law-granting-industrial-development-authority-full-autonomy-from-trade-ministry-shopping-centers-act-gets-nod-in-committee\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/16\/house-passes-procurement-act-and-law-granting-industrial-development-authority-full-autonomy-from-trade-ministry-shopping-centers-act-gets-nod-in-committee\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"House passes procurement act and law granting Industrial Development Authority full autonomy from trade ministry; 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The law grants the agency financial and administrative independence\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":628084,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/25\/el-sisi-signs-into-law-acts-on-ride-hailing-apps-ida-powers-and-autonomy-financing-for-low-income-housing-food-carts\/","url_meta":{"origin":628891,"position":1},"title":"El Sisi signs into law acts on ride hailing apps, IDA powers and autonomy, financing for low-income housing, food carts","author":"enterpriseam admin","date":"25 June 2018","format":false,"excerpt":"LEGISLATION WATCH- And speaking of the Ride-Hailing Act: President Abdel Fattah El Sisi has signed it into law, Youm7 reports. The law, passed by the House of Representatives last month, had initially stirred up controversy over government access to private user data. The bill was then toned down to allow\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":599696,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/08\/regs-for-ida-autonomy-ready-by-month-end\/","url_meta":{"origin":628891,"position":2},"title":"Regs for IDA autonomy ready by month-end","author":"enterpriseam admin","date":"8 January 2019","format":false,"excerpt":"LEGISLATION WATCH- Regs for granting IDA independence from Trade Ministry ready by month-end: The Industrial Development Authority is planning to finalize by the end of this month the draft executive regulations for recently passed legislation granting the authority operational autonomy, a source from the IDA told Amwal Al Ghad. The\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":600945,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/14\/cabinet-nods-to-law-granting-egypts-fra-operational-autonomy\/","url_meta":{"origin":628891,"position":3},"title":"Cabinet nods to law granting Egypt\u2019s FRA operational autonomy","author":"enterpriseam admin","date":"14 February 2019","format":false,"excerpt":"CABINET WATCH- Cabinet gives nod to autonomy for the Financial Regulatory Authority: The Madbouly Cabinet approved yesterday a draft act that would grant the Financial Regulatory Authority (FRA) technical, financial and administrative autonomy from the government, according to a statement. The proposed law would require the FRA to submit an\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":634238,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/10\/house-gives-preliminary-nod-to-bankruptcy-act\/","url_meta":{"origin":628891,"position":4},"title":"House gives preliminary nod to Bankruptcy Act","author":"enterpriseam admin","date":"10 January 2018","format":false,"excerpt":"LEGISLATION WATCH- House gives preliminary nod to Bankruptcy Act: The House of Representatives gave a preliminary nod to the Bankruptcy Act during a session of the general assembly yesterday that saw Investment Minister Sahar Nasr in attendance, Al Mal reports. The bill, a key element of the Sisi administration\u2019s economic\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":562313,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/19\/ida-exec-regs-are-the-law-of-the-land-sovereign-sukuk-inch-closer-to-legislative-clearance\/","url_meta":{"origin":628891,"position":5},"title":"IDA exec regs are the law of the land + sovereign sukuk inch closer to legislative clearance","author":"enterpriseam admin","date":"19 May 2021","format":false,"excerpt":"The wait is over for industrial investors: The executive regulations to the law regulating the Industrial Development Authority (IDA) come into effect today after being published yesterday in the Official Gazette (pdf), the Trade and Industry Ministry said in a statement. The ministry approved the regulations earlier this month, setting\u2026","rel":"","context":"In &quot;LEGISLATION WATCH&quot;","block_context":{"text":"LEGISLATION WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/legislation-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/5\/152.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/628891","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=628891"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/628891\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/628875"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=628891"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=628891"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=628891"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=628891"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=628891"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}