No Egyptian, Foreign Investors to Possess in Suez Corridor ProjectsSource: www.export-egypt.com 5/13/2013, Location: Africa |
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Housing Minister Tarek Wafiq confirmed that Suez Canal development authority had stressed in its establishment draft law that neither Egyptian nor foreign investors will have the right of possession in Suez Canal Development Corridor projects, noting that this will happen through usufruct right only. The Minister added that Suez Canal region is a part of the sustainable development strategy that will make Egypt an international trade point.
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