Is pleased to decide the following: Part One: Fields Of Investment: Conditions & Limitations
Article 1 Activities in the fields stated in Article 1 of the Law on the Investment Guarantees and Incentives referred to above, shall be implemented subject to compliance with conditions and limitations as explained thereunder: Reclamation and/or cultivation of wasteland and desert lands: Reclamation of lands and installation of infrastructure facilities that render the same cultivable; Cultivation of reclaimed land. (Subject to the condition, in both cases, that the land in question should have been already earmarked for reclamation and cultivation and subject to the condition, in the case of cultivation, that advanced irrigation methods, not irrigation by submerging, be used). Animal husbandry, poultry and fishery production: Breeding of all kinds of red meat cattle, be it for the purpose of raising new breeds or for dairy products or for slaughtering. Breeding of all kinds of white meat poultry, be it for the purpose of raising new breeds or for regeneration or for egg production or for slaughtering. Fishing and development of fish-breeding ponds. Manufacturing and mining
a) Industrial activities as engaged in the transformation of substances and raw materials and in changing their forms by blending, mixing, treating or shaping them, and packaging the, as well as assembling parts and components, and mounting them for production of intermediary or end products. (This shall include petroleum refining, the separation and treatment of petroleum derivatives and products; it shall not include industries of cigarettes, raw tobacco, molasses-treated tobacco or snuff neither shall it include any kind of alcoholic beverages or wines or liquors).
b) Design of machinery and industrial equipment The full array of cinema industry activities including the construction or renting and running of motion picture studios and laboratories and movie theaters, running being understood as covering: shooting, developing, printing, production, screening and distribution (subject to a business effected through a joint stock company or a big venture of which the minimum working capital is not less than LE 200 million). Activities connected to exploration of mining ores and metals, and with the extraction, cutting and preparation thereof, but not sand and pebbles quarries. Hotels, motels, hotel apartments, tourist villages and tourist transportation: Stationary and floating hotels and motels, hotel apartments and suites, tourist villages and complementary or related services, recreational, sports, commercial and cultural activities and the additions to, and expansions of, related facilities, subject to hotels, motels, hotel apartments and suites and tourist villages being of not less than three-star level and subject to the total areas sold off not exceeding half the total constructed areas thereof. All land, Nile, Sea and air means of tourist transport; Refrigerated transportation of goods, refrigerators for the purposes of storing crops, manufactured products and foodstuffs, container stations and grain silos; Transport of cold and frozen products, cold stores for preservation of agricultural products, industrial products, foodstuffs, as well as for refrigerating and freezing them. Container operation and handling stations; grain silos; (including all related loading and unloading activities). Air transport and directly related services; Regular and charter passenger and goods transportation; Construction, equipping, operation, management, maintenance, and exploitation of existing airports and landing pads and other related air transport services including maintenance, repair catering and training;
7) Overseas maritime transport (the transportation of material, goods and passengers beyond territorial waters by means of ships and other maritime means of transport such as tankers, steamers and ferries);
8) Petroleum and gas drilling, exploration, transportation and delivery support services: Provision of petroleum drilling and exploration support services, including:
*oil-well maintenance and enhancing;
*maintenance of drilling equipment and oil pumps;
*drilling of water wells and shallow wells related to oil industry;
*civil works complementing drilling and maintenance operations;
*treatment of surfaces against deposits;
*down hole operations related to cover pipes and production tubes;
*services related to oil exploration.
b)Transportation and delivery of gas from production points to consumption points through specialized tankers or pipelines, excluding petroleum transportation;
9) Housing complexes for the purpose of full, unfurnished leasing for non commercial uses (subject to the number of housing units being not less than fifty, whether in one or more complexes);
10) Infrastructure including potable water, wastewater drainage, electricity, road and communications systems;
a) Construction, operation or management of potable water desalination and filtering plants, distribution systems and transportation lines; Construction, operation or management of domestic or industrial waste water drainage and treatment and related connections; Construction, management, operation and maintenance of power plants and distribution girds; Building management, exploitation and maintenance of free roads, highways and main roads; Installation, operation, and management of cable and wireless communications stations.
11) Hospitals, medical and therapeutic centers that offer 10% of their capacities free of charge; Specialized, integrated or general hospitals along with related indoor therapeutic or service activities, (Subject to offering free of charge, 10% of beds occupied per annum in the case of a hospital, and 10% of the cases being attended to with medical or therapeutic services in the case of a center, medical and therapeutic center);
12) Lease financing: Activities stipulated in Article 2 of Law no. 95 of 1995 referred to above subject to terms and conditions stated therein;
13) Underwriting of subscription to securities; underwriting of entire or partial security issues as the case may be after bids have been made by the public, in compliance with terms and conditions stated in the duly authorized prospects; firms underwriting securities may offer the same again for bidders without compliance with the nominal value of the issue;
14) Venture capital; Investment in projects or firms with a view to developing the same, eventually transforming them into joint stock companies or partnerships in case such projects and firms are short of financing.
15) Production of computer programs and systems; Design, production, operation of, and training on all kinds of computer programs, systems and applications, and
16) Social Fund for Development funded projects; All projects in the field of small scale, ancillary or feeding industries for which the majority of financing is provided by the Social Fund for Development.
Article 2 Any activity that is effected in any of the fields stated in the preceding article shall complete all procedures required for permits related to the nature and location of activity as may be stipulated in relevant laws, regulations and decisions.
Article 3 The purpose of the company or firm that desires to enter into an activity in the fields stated in Article 1 of the present Regulations has to notify the General Authority for Investment and Free Zones in advance.

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