Egypt Sees New Law to Respect Signed Contracts by Jan.

Egyptian Investment Minister Osama Saleh stated on Monday that the government is likely to finalize before the end of January, 2014 a law that respects the legal position of contracts that have been already signed.

Egypt has been seeking to resolve disputes with foreign and local investors over land prices, in a bid to avoid costly arbitrations and to restore confidence in the country’s sluggish economy.