In the past few years Egypt has taken a new development process by building new urban areas, around 30 cities were newly established. The Egyptian laws and regulations encourage investors to invest and by.
Pursuant to current Italian Golden Powers regulation Golden Powers Rules, investors in Italian companies operating in sectors deemed of strategic importance for national interests and holding strategic assets may require a notification to and approval from Italian government
Some Egyptians were outraged over the president’s decision to hand over the ownership of 37 islands to the army, especially since most of these islands are located on the Nile River and considered nature reserves.