10 Hrs
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بوابة أخبار اليوم
Housing Committee ClarifiesLease Agreement on Industrial Land
Engineer Hani Shahatah explained that the lease-to-own system for industrial lands aims to encourage industrial investment and reduce financial burdens on investors. The lease term extends up to 21 years with an annual increase of 10%. The program includes the allocation of lands covering from 5.7 million square meters across 15 governorates, encompassing sectors such as chemical industries, electronics, building materials, and textiles. To obtain the land, applicants must submit a feasibility study and documents proving the investor’s seriousness, with an emphasis on establishing factories to employ workers, increase domestic production, reduce imports, and boost exports.
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