Public Property Reps Authorized for Concessions
The article focused on expanding the authority of State Property Representatives at the level of the single windows affiliated with the Investment Promotion Agency, in order to simplify administrative procedures and accelerate the implementation of investment projects. Based on a decision by the Ministry of Finance, these representatives are now authorized to prepare and sign real estate concession contracts related to investment projects, including amendments, transfers, and cancellations of concessions, to enhance the efficiency of settling contracts related to public property belonging to the state. This step comes as a continuation of a series of developments that demonstrate the expansion of the powers of administrative representatives, aimed at easing administrative procedures and encouraging investment.
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