Suez Canal Special Economic Zone Legal Framework
In 9 August 2015, after three days from the inauguration of the New Suez Canal, President Abdel Fattah El-Sisi issued Decree No. 330/2015 declaring the areas adjacent to the Suez Canal as a special economic zone (the “SCZone Decree”). This zone shall be governed by Law no. 83 of 2002 on Special Economic Zones (“Special Economic Zone Law” or “Law 83/2002”) and its Executive Regulations issued by virtue of the Prime Ministerial Decree no. 1625 of 2002.