Egypt creates ministerial committee to settle investor-government contract disputes

Ahram Online , Wednesday 9 Sep 2015

The prime minister will head the committee

Egyptian Prime Minister Ibrahim Mahlab (Photo: AP)

Egypt created on Wednesday a ministerial committee headed by the country's prime minister to settle disputes concerning contracts signed by investors and any government body, announced the cabinet in a press release.

The committee will include the ministers of finance, justice, transitional justice, international cooperation, investment and of industry and foreign trade. The committee will also include representatives from parliament, head of the judicial authority and from the relevant government bodies.

Egypt has sought to assure investors unnerved by legal challenges against their government deals. The country hopes to boost an economy battered by four years of political upheaval.

The government has signed $33 billion of investment deals in March mainly with energy companies and aims to boost its public-private partnerships, including 19 international bids to be awarded before the end of 2016.

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