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

Pays/Territoire
Égypte
Type du document
Législation
Date
2015
Source
FAO, FAOLEX
Sujet
Terre et sols
Mot clé
Propriété Droits de propriété Régime foncier Propriété étrangère
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 Decree-Law enters into force the day after its publication in the Official Gazette.
Résumé

This Decree-Law, consisting of 14 articles, amends the Sinai Development Law, by extending the period of land use from 30 to 50 years and boost the maximum period up to 75 rather than 50 years. In addition, the amendment states exemptions — to be granted by a presidential decree — for the required percentage of Egyptian shareholders in companies holding lands in Sinai. These exempted companies must undertake not to change the structure of their shareholders until the end of the project. The Decree allows Non-Egyptians who receive title to a land in the Sinai Peninsula (not just development areas) by the mean of inheritance, testament or gift to retain some rights over this land. Under the new Decree, they can keep the right of usufruct over the land as well as title to immovable properties established on that land. However, they have to dispose the title of the land itself to an Egyptian within six months from the date the foreigner acquires the land’s ownership. The law also gives the same treatment to Egyptians who acquire a second nationality.The Decree allows new contracting parties who receive rights to land to stipulate in the original contract a clause guaranteeing them the right to pass on their land rights to their legal heirs.

Texte intégral
Arabe
Site web
sda.gov.eg

Références - Législation

Amende

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

Législation | Égypte | 2012

Mot clé: Propriété, Droits de propriété, Régime foncier

Source: FAO, FAOLEX