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The company is eager to fully implement projects in the Arab Republic of Egypt and harness its full material and logistical capabilities in order to develop infrastructure and add agricultural and urban area to the state’s GNP. Accordingly, the company has followed all legal and diplomatic channels to resolve any project issues. The company has also attempted to converge differing viewpoints with Egyptian representatives of alternating governments and make all concessions in order to initiate the project.  Whereupon a solution has not been reached, the company and its shareholders have been safeguarded. The company’s shareholders on the Kuwaiti side, by raising the issue in international arbitration on 22/09/2014 in accordance with the investment agreement signed between Kuwait and the Arab Republic of Egypt, have reserved the right for any aggrieved shareholder to resort to international arbitration without having the need to refer to judicial administration in the two countries. International arbitration proceedings stipulate that after the defendant country lodges a formal notice negotiations must take place amicably between the two parties. In the absence of a satisfactory solution, international proceedings must take place.


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Egypt-Gulf for Investment & Development

The Egypt – Gulf Company for Investment and Development, S.A.E. (formerly known as the Egyptian – Kuwaiti Company for Investment and Development, S.A.E.) was founded in accordance with the applicable laws of the Arab Republic of Egypt, the provisions of Law No. 8 of 1997 of issuing guarantees and investment incentives, and the provisions of Law No. 159 of 1981 of issuing joint-stock companies with a capital of 3.8 billion Egyptian pounds paid from 381 million Egyptian pounds.

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