VOL. XLI
No. 04
26-January-1998
EGYPT
Egyptian Cabinet Approves First BOT Scheme
Almost one year after the Egyptian Parliament approved a lawallowing private investors, both local and foreign, to buildairports on a build-operate-transfer (BOT) basis (MEES, 31March 1997), the Egyptian cabinet announced on 21 January that ithas approved the country's first BOT contract, awarding $35mn toEMAK, a special-purpose unit of Kuwait's al-Kharafy Group, withwhich it was negotiating, to build and operate a...
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