Egypt and the UAE: The Opportunities That Lie Ahead
Type
E-journal
Date
23 Mar 2016
Jurisdiction
Egypt, United Arab Emirates
Taxonomy
Central Government
Copyright
LexisNexis
Relevant company
Al Tamimi & Company
Analysis
The recent Sharm el-Sheikh Conference has created great momentum for Egypt, which is being supported by the revival of political stability in the country and a new approach by the Egyptian government. There is no doubt that Egypt has endless opportunities for reform and development.
In the legal arena, although Egypt was always the source of legislation in the wider Arab world, today the UAE experience has a lot to share with Egypt, particularly when it comes to timely delivery of mega projects.
The Challenges
When Al Tamimi, along with other firms in the community, was supporting the creation of the Dubai international Financial Centre (“DIFC”) initiative, no one could have imagined the rapid growth and success the DIFC would achieve in such a short time. The DIFC is one Dubai's key initiatives in its ambition of becoming a business hub in the Middle East. The DIFC is one example of similar initiatives that can be fostered in Egypt in line with the new capital project that has already commenced.