The provisions of the annexed Law shall govern the investment within the Arab Republic of Egypt.

The provisions of the Law shall apply to local and foreign investment, regardless of its size, and investment shall be placed in accordance with the provisions of this Law, either under the regime of the Inland Investment, Investment Zones, Technological Zones, or Free Zones.

The provisions of the annexed Law shall not prejudice the tax privileges and exemptions and other guarantees and incentives granted to the companies and establishments existing on the date when this Law shall come into force. Such companies and establishments shall keep such privileges, exemptions, guarantees, and incentives until their terms expire, in accordance with the legislation and agreements derived therefrom.