118 Days
Source:
اليوم السابع
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Source: اليوم السابع
118 Daysاليوم السابع
Source: اليوم السابع
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The Investment Law sets out regulations for the management of private properties used for investment projects under the usufruct system. The law permits selling, leasing, lease-to-own arrangements, or licensing for usufruct. It specifies that the license duration shall not exceed fifty years and is renewable, provided the project activity continues. Administrative authorities have the right to adjust the usufruct fee upon renewal. The license is contingent upon meeting specific technical and financial requirements, with coordination between the relevant authority and the overseeing agency to ensure the project's continuity and to organize procedures for participation in the properties.
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