VOL. XL

No. 13

31-March-1997

EGYPT

BOOT Schemes In Egypt In The Balance

On 1 February, the Egyptian Parliament approved a law allowingprivate investors, both local and foreign, to build airports on abuild-own-operate-transfer (BOOT) basis. The law, the latest in Egypt's efforts to openinvestment opportunities to the private sector, follows Laws 100 and 229 of 1996, whichallowed the private sector to invest in BOOT schemes in the power and roads sectorsrespectively. But while the legal...