Reported on August 30, according to Egypt's Al-Ahram, Egypt's Minister of Legal Affairs revealed on the 30th, the Egyptian Cabinet has to reach agreement on foreign investment in the Sinai Peninsula issue, agree with foreign investors holding up to 45% of the shares of the Sinai investment projects.
 
It is reported that the Egyptian government to allow foreign investors to invest in the Sinai Peninsula, foreign investors can only hold a maximum of 45% of the shares in any investment project. Despite foreign wholly-owned shares, but they can be obtained from the Egyptian government concession contracts. However, foreign unable to access to land ownership in the Sinai.
 
The report said that this initiative by the Sinai businessman widely welcomed. A project investor, said the decision will be the revitalization of the Sinai investment industry. And from Egypt turmoil since last year, the Sinai Peninsula and investment industry has been stagnant.

It is learned that a long time, before the Egyptian government, citing security concerns prohibit foreign direct investment in the Sinai Peninsula. Fearing investors (especially Israel) has dealings with foreign ingredients, local investment has been strictly limited.
 



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