Incentives for Special Zone of Development > Qualification

The investment Law grants privileges to companies that carry out any of the following activities: land reclamation and the cultivation of barren land; animal, poultry and fish production; manufacturing and mining; tourism projects (including tourist transportation, hotels and hotel- related facilities); transport of goods in cooling vans, cold stores for agricultural and industrial product preservation; aviation and transportation services; overseas maritime transportation; oil exploration services; housing and infrastructure projects (including installation, operation and management of cable and wireless communication systems); medical facilities that offer 10% of their capacity free of charges; lease financing; underwriting securities, venture capital projects; information technology; projects funded by the Social Fund for Development and other activities as may be added by the Council of Ministers.

The types of investments that benefit from the Investment Law were recently expanded by the Council of Ministers to include an expanded definition of the scope of some of the above activities as well as: construction and operation of the underground transportation systems and tunnels; new towns and industrial zones; software development, establishing technology and incubator zones; market and credit analysis; financial planning; factoring and securitization activities; river transport; utilities for industrial projects; and waste treatment.

Egyptian, Arab and foreign investors are entitled to guarantees and incentives with respect to activities falling under any fields of investment outlined under the Investment Law. There are no minimum Egyptian capital requirements.

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