Prime Minister’s Decree

number (350) of 2007

Translated by:
Solicitor/ Zeiad Yehia

The Prime Minister HAS DECIDED...
Article (1)
With no violation to legal acts which have taken place before the enforceability of law no. 94 of 205 above mentioned, companies and institutions preserve the right to own land plots and properties needed for either establishing their activities, or elaboration of the said activities. This is regardless of the nationalities of partners and contributors, their locations, their percentages of partnership, and their contribution to the capital, EXCEPT FOR THE LAND PLOTS AND PROPERTIES SPECIFIED IN ARTICLES (2) AND (3).

Article (2)
Companies and institutions are granted neither the freehold right nor the usufruct right on land plots and properties in the following zones:
Strategic zones with military significance specified in President’s Decree no. 152 of 2001 based on law no. 7 of 1991 aforementioned in the preamble.
Neighbouring zones to the areas used to secure the state international borders of Egypt:
Western borders according to the President’s Decree no. 560 of 1986.
Southern borders according to the President’s Decree no. 413 of 1988.
Eastern borders according to the President’s Decree no. 298 of 1995
Islands of the Mediterranean Sea and of the Red Sea.
Archeological (Monumental) zones and their security zones.
Natural Protected Areas.
Red Sea campus, Mediterranean Sea campus, and Suez Canal campus, according to environment law no. 4 of 1994 above mentioned.
Roads of all types and campuses of these roads, according to the roads law no. 84 of 1968 above mentioned.

Article (3)
Companies and institutions are not granted the freehold right on land plots and properties in Sinai Peninsula, and these land plots and properties included in the geographical zone of Suez Governorate, Ismailia Governorate, and Port Said Governorate.

Article (4)
Except for the land plots aforementioned in Article (2), companies and institutions can utilize the land plots and properties in Sinai Peninsula by means of USUFRUCT ONLY, and according to the following terms and conditions:
Articulation of a limited period usufruct contract (One year – 99 years) between the usufructuary and the institution owning the land, according to the activity. This usufruct period is renewable upon agreement between the usufructuary and the landlord.
Before obtaining the dedication resolution, and before concluding the usufruct contract, the usufructuary must obtain the needed approvals from (Ministry of Defense – Ministry of Internal Affairs “Police” – National Security Institution – The concerned governorate).
After the usufruct period is finished, the land plot subject of usufruct, and the establishments built on them get automatically transferred to the original landlord.

Article (5)
The state utilities and institutions, each to their realm of concern, shall implement this decree with coordination between them and the competent authorities.

Article (6)
This resolution is effective since the day of publishing it in the official newspaper. This decree nullifies any other decree which is non compliant to its terms and conditions.

PRIME MINISTER
Dr. Ahmad Nazeef

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