19 August 2022 11:11 AM

PM amends articles of executive regulations of investment law

Wednesday، 29 June 2022 - 09:49 AM
Prime Minister Moustafa Madbouli

Prime Minister Moustafa Madbouli issued a decision amending articles nos. 42 and 43 of the executive regulations of the Investment Law.


Under the amendments, the issued capital of joint ventures and companies with limited liabilities should not be less than 20 percent of the investment costs of the project.


The amendments also stipulate that an initial feasibility study of a project should be submitted by licensed international or national consultants to get the required approvals and permits for carrying it out.


The amendments were published in the official gazette, out Tuesday.


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