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Looking to invest in Sinai?

The Egyptian government has amended its law on development in the Sinai Peninsula to permit Egyptian investors to own the properties where their projects are carried out.
A tourist couple looks at a map of Egypt at the Red Sea resort of Sharm el-Sheikh city, which is hosting the Arab Summit on Saturday, in the South Sinai governorate, south of Cairo March 27, 2015. REUTERS/Amr Abdallah Dalsh - RTR4V7TI
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Some see amendments to property-ownership laws in the Sinai Peninsula as much-needed improvements, but critics see the amendments as not going far enough. It appears the changes could make it easier for Egyptians to own land but not necessarily sell it.

President Abdel Fattah al-Sisi issued Law No. 95 of 2015 amending some restrictions of Law No. 14 of 2012 on the integrated development of Sinai. These amendments have been long awaited by many investors in Sinai, who hope the changes will entitle them to own the land and real estate properties needed for their projects.

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