Egypt has continued to recognise the importance of foreign direct investment (FDI) by having implemented the following:

• the Golden Triangle Economic Zone;

• a law establishing a natural gas regulatory authority for the licensing and opening up of the gas market to competition;

• the promulgation of the Industrial Permits Act and its executive regulations, aiming to ease the procedure for obtaining licences for industrial establishments;

• maintaining the Egyptian pound value in the market;

• issuing numerous decrees facilitating the procedures for investment and assisting investors;

• strengthening and empowering the Egyptian Competition Authority; and

• the Investment Map, which is an innovative and interactive software showing investment opportunities by sector and location.

Egypt is witnessing the largest investment deal in Egypt's history. The Ras El-Hekma development project is a joint venture between Egypt and the UAE to build a new state-of-the art city in Ras El-Hekma peninsula between Marsa Matrouh and New Alamein City. The project comes with a total investment of 80 billion Egyptian pounds, targeting sales of around 240 billion Egyptian pounds.