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بوابة الفجر
IDA Vice Chairman: 5% Land Rent
The lease-to-own system announced by the Ministry of Industry facilitates industrial land ownership for investors. It allows investors to lease land for a period ranging from 7 to 21 years, with the right to own the land during the lease period, provided they demonstrate the seriousness of their project. The annual rent is set at 5% of the land's value, with a 10% increase each year. The amount paid by the investor toward ownership is deducted from the purchase price, on the condition that 25% of the land's value is paid within three years. The system aims to reduce the financial burden on investors and to encourage them to allocate part of their investments toward purchasing production inputs, as part of efforts to facilitate industrial investment in the country.
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