Page 2 - Microsoft Word - The Investment Law No amended.docx

The Investment Law No (13) of 2006

In the name of the people The Presidency Council Pursuant to what was approved by the
Council of Representatives and endorsed by the Presidency Council and based on the
provisions of paragraph (First) of Article (61) and paragraph (Third) of Article (73) of the
Constitution, the following law is promulgated:

The Investment Law

Chapter One Definitions
Article 1:
1- The following statements for the purposes of this law intended meanings indicated opposite

thereto:

First - The Council: The council of Ministers
Second-The Commission: The National Investment Commission, or the Region Commission, or
the Province Commission as applicable.
Third- The Commission Chairman: The chairman of the National Investment Commission, or the
Chairman of the Region Commission, or the Chairman of the Province Commission.
Fourth- The Region Commission: The Investment Commission in the Region that is responsible
for investment planning and granting investment licenses in the region.
Fifth- The Province Commission: The Investment Commission in the Province that is not affiliated
with a region and responsible for the investment planning and granting investment licenses in the
province.
Sixth- Investment: Utilizing capital in any activity or economic project that yields benefit(s) to the
national economy according to the provisions of this law.
Seventh- The Project: The economic activity covered by the provisions of this law.
Eighth- The Assets: Machinery, devices, equipments, engines, supplies, tools, means of
transportation, raw materials, and office supplies and furniture, furnishings, supplies of hotels,
tourist cities, health and educational institutions that will be used exclusively in the project.

1