Cairo –  Egyptian billionaire Naguib Sawiris said that he is waiting to see the executive regulations to the new mining law before deciding if he would invest in the mining sector in Egypt or not, the businessman told Al Arabiya TV in an interview.

Sawiris praised the new law for canceling the production sharing agreement system and adopting a new system that imposes royalty fees as well as customs and tax rates.

Investors are waiting to learn more about the details of the executive regulations such as the value of government royalties and customs.

Source: Mubasher

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