Foreword

This second OECD Investment Policy Review of Egypt uses the OECD Policy Framework for Investment to present an assessment of the investment climate in Egypt and to discuss the challenges and opportunities the Egyptian government faces in its reform efforts. It examines a broader range of policy areas in more depth than the first review. Chapters cover foreign investment trends and development benefits, the entry and operations of foreign investors, the legal framework for investment, investment promotion and facilitation, zone-based policies, tax policy and incentives, policies to promote and enable responsible business conduct, and infrastructure connectivity.

The Review was prepared in close collaboration with the General Authority for Investment and Free Zones (GAFI) and, until December 2019, with the Ministry of Investment and International Cooperation (MIIC). A draft version of the Review was presented and discussed before the OECD Investment Committee in Paris in October 2019.

The Review has been drafted under the supervision of Ana Novik, Head of the Investment Division, by a team led by Stephen Thomsen and comprising Fares Al Hussami, Alexandre de Crombrugghe, Sarah Marion Dayan, Hélène François, Alin Horj, Coralie Martin, Fernando Mistura, and Baxter Roberts from the Investment Division. The tax policy chapter was drafted by Steven Clark, Independent Consultant, under the supervision of the OECD Centre for Tax Policy and Administration. Secretariat inputs were received from Tihana Bule, Hans Christiansen, Korin Kane, and Joachim Pohl. The Review was undertaken in the framework of the Project Enhancing the Investment Climate in Egypt, and funded by the Middle East and North Africa Transition Fund of the G7 Deauville Partnership.