Cairo reviews free zone tax

Dubai Initiative Fellow Justin Dargin quoted in a MEED special report on Egypt's policy for energy companies in its tax free zone and its implications on energy investments.

"The levy on energy companies in Egypt’s free zones, combined with the global banking crisis, is stalling progress on the state’s ambitious refinery projects.

Egypt’s oil and gas sector has come under increasing pressure to boost pro- duction over the past few years, as power demand increases in line with
its growing population and industrial base."