Egypt explicitly references corruption issues in its Investment Law, stipulating that any investment project set up through corrupt means is exempt from all guarantees and incentives stipulated in the law. It also explicitly points to corruption as a threat to the country’s attractiveness to international investors. Additionally, in a demonstration of inter-institutional cooperation between authorities responsible for investment and integrity, the Egyptian Administrative Control Authority (ACA) – the main national anti- corruption body – has supported the General Authority for Investment (GAFI), which is Egypt’s investment promotion agency, in the introduction of investor services centres (ISCs) for foreign investors. These aim to curb corruption by simplifying registration procedures and decreasing person- to-person contact.
Egypt has also set up an inter-ministerial committee for investment dispute resolution and the General Authority for Investment has put in place a mediation and grievance mechanism to address investors’ complaints as well as disputes arising between investors.
Source : OECD Publications, https://www.oecd.org/en/publications.html
