Law 32 of 1977

E657891

Law 32 of 1977 is an Egyptian statute that further codified and expanded President Anwar Sadat’s Infitah (economic “open-door”) policy by regulating and encouraging foreign and private investment in the country’s economy.

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Label Occurrences
Law 32 of 1977 canonical 1

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Statements (29)

Predicate Object
instanceOf Egyptian statute
investment law
aimsTo attract foreign capital
expand role of private sector in Egyptian economy
provide legal guarantees to investors
associatedPolicy Infitah NERFINISHED
associatedPresident Anwar Sadat NERFINISHED
continent Africa
country Egypt
economicOrientation liberalization
enactedIn 1977
government Government of Egypt NERFINISHED
headOfStateAtEnactment Anwar Sadat NERFINISHED
implements elements of Infitah policy
jurisdiction Egypt
surface form: Arab Republic of Egypt
language Arabic
legalEffect expanded legal framework for foreign and private investment in Egypt
legalSystem Egyptian law
policyContext post-1973 war economic restructuring in Egypt
policyType open-door economic policy
predecessorPolicy state-led socialist economic model in Egypt
purpose encourage foreign investment in Egypt
encourage private investment in Egypt
regulate foreign investment in Egypt
support economic open-door policy
region Middle East
regulates foreign capital participation in Egyptian economy
private sector investment in Egypt
sector economic law

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Infitah legalBasis Law 32 of 1977