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home  |  Buy Property  |  A new edict has been issued in 2012, so please contact us for more information regarding the property laws in South Sinai.


A new edict has been issued in 2012, so please contact us for more information regarding the property laws in South Sinai.


------------------------

THE PRIME MINISTER;


After perusing the constitution and perusing:

- Law no. 143 of 1981 concerning desert lands;

- Law no. 7 of 1991 concerning the state private properties;

- Law no. 4 of 1994 concerning environment protection;

- Law no. 230 of 1996 concerning regulation of foreigner's ownership for built properties and empty plots;

- Law no. 94 of 2005 concerning amending some regulations for joint stock companies, and limited partnership stock companies, and limited liability companies, originally stipulated in law no. 159 of 1981, and law of investment guaranties and incentives originally stipulated in law no.8 of 1997;

- President's Decree no 560 of 1986 concerning securing the neighboring area to the western borders of Egypt;

- President's Decree no.413 of 1988 concerning securing the neighboring area to the southern borders for Egypt, amended by president's Decree no. 99 of 1999;

- President's Decree no. 152 of 2001, concerning securing the eastern borders of Egypt;

- President's Decree no. 152 of 2001, concerning fixation of strategic desert areas with military importance;

- President's Decree no. 153 of 2001, concerning establishment of The National Institution for Planning the state's usage of Land;

- President's Decree no. 154 of 2001 concerning fixation of state lands usage until 2017;

- Prime minister's Decree no. 731 of 2004 entitling the military landscape department to prepare the required database for land plots needed for the various activities of the ministries concerned, among the map of investment opportunities;

- Prime minister's Decree no. 548 of 2005 concerning foreigners' rights of freehold and usufruct in certain areas of Egypt;

- Defense and Military Production Minister's Decree no.146 of 2002 elucidating the terms and conditions required for the state defense in desert areas, concerning institutions stipulated in law no. 143 of 1981, and law no. 7 of 1991;

 
HAS DECIDED;

 Article (1)

With no violation of legal acts which have taken place before the enforceability of law no. 94 of 2005 above mentioned, companies and institutions preserve the right to own land plots and properties needed for either establishing their activities, or elaboration of these activities. This is regardless of the nationalities of partners and contributors, their locations, their percentage of partnership, and their contribution to the capital, EXCEPT FOR THE LAND PLOTS AND PROPERTIES SPECIFIED IN ARTICLES (2) AND (3).

 
Article (2)

Companies and institutions are granted neither the usufruct right on land plots and properties in the following zones:

1)       Strategic zones with military significance specified in President's Decree no. 152 of 2001 based on law no. 7 of 1991        aforementioned in the preamble.
2)      Neighboring zones to the areas used to secure the state international borders of Egypt:
               a)      Western borders according to the President's Decree no. 560 of 1986.
               b)      Southern borders according to the President's Decree no. 413 of 1988.
               c)      Eastern borders according to the President's Decree no. 298 of 1995.
3)      Islands of the Mediterranean Sea and of the Red Sea.
4)      Archeological (Monumental) zones and their security zones.
5)      Natural protected areas.
6)      Red Sea campus, Mediterranean Sea Campus, and Suez Canal campus, according to environmental law no. 4 of 1994 above mentioned.
7)      Roads of all types and campuses of these roads, according to the roads law no. 84 of 1968 above mentioned.

 
   
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