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Decree-Law No.14 of 2012 concerning the Integrated Development of the Sinai Peninsula.

Pays/Territoire
Égypte
Type du document
Législation
Date
2012
Source
FAO, FAOLEX
Sujet
Terre et sols
Mot clé
Propriété Droits de propriété Régime foncier
Aire géographique
Afrique, Méditerranée, Moyen-Orient, Afrique du Nord et Proche-Orient, Afrique du Nord, Mer Rouge et le Golfe d'Aden
Entry into force notes
This Law enters into force the day after its publication in the Official Gazette.
Résumé

This law consisting of 15 articles aims at prohibiting foreigners from owing any land or property in the Sinai Peninsula, including land falling within the administrative scope of Ismailia, Suez and Port said Governorates. The Law grants foreigners and Egyptians a usufruct right to use land and property located in Sinai Peninsula, subject to certain conditions. The duration of the usufruct right may not exceed a period of 50 years. Companies with foreign participation are permitted to invest in certain areas of Sinai Peninsula, provided that 55% of the share capital of such companies is owned by Egyptian nationals and provided that the activity conducted is of a developmental nature. However such companies may be exempt from the minimum quote of Egyptian participation, and thus fully owned by foreigners, after security clearances of the later and the approval of the relative security authorities (art.22). In all cases, any ownership rights carried out in Sinai Peninsula is subject to obtaining the approval of the Board of Directors of the National Authority for the Development of the Sinai Peninsula and the relevant competent security authorities. Article 24 identifies in tourism, agriculture, industry, mining, trade, construction the areas of investment activities in land and real estate, while electricity and energy, sewage, roads and bridges, land, air or sea transport lines, telecommunications services, water networks and commercial markets are the areas of development activities.

Texte intégral
Arabe
Site web
www.tda.gov.eg

Références - Législation

Amendé par

Decree-Law No.95/2015 amending some provisions of Decree Law No. 14 of 2012 on the integrated development in the Sinai Peninsula.

Législation | Égypte | 2015

Mot clé: Propriété, Droits de propriété, Régime foncier, Propriété étrangère

Source: FAO, FAOLEX