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The Egyptian government is preparing a law to reinforce the legal standing of past contracts with the state, Mohamed Abazeid, an adviser to Egypt’s investment minister, announced during a keynote speech at the Gulf-Egyptian Investment Forum 2013 kicked off on Wednesday.
The business environment in Egypt has been clouded by court cases that have challenged past contracts concluded by the state. These have included rulings ordering the reprivatisation of public sector businesses sold off in the era of ousted President Hosni Mubarak.
