Daily News Egypt met with legal expert Taher El-Khouly, who emphasised that the economic legislation chaos in Egypt is the main reason behind the decline in investments. The Investment Law is full of ridiculous flaws, like the legislative vacuum regarding Egypt’s free zones with 2,400 involved companies. The law has not specified the agency that is supposed to enforce the Investment Law until now. There are serious conflicts about each agency’s authority over lands, which will certainly hinder the enforcement of the one-stop shop system. Poor management and bad choices are the main reasons behind disabling the one-stop shop so far.

Source: Daily News Egypt October 17, 2016 08:03 UTC