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Investors' Union Advocates Lease Approach to Ease Financial Burdens
The General Authority for Industrial Development intends to offer industrial lands under the "lease-to-own" scheme, aiming to reduce the financial burdens on small and medium-sized investors and to provide liquidity to support production lines and operations. The Small and Medium Enterprises Investors Federation praised this initiative, calling for government guarantees to protect investors' rights, setting a cap on annual rent increases of less than 10%, and amending the land valuation mechanism based on the price determined at the time of the initial contract. The federation also emphasized the need for a stable legal and regulatory environment and called for holding public dialogue sessions with relevant authorities to develop the implementing regulations, ensuring the protection of investors' investments and the achievement of the initiative's goals.
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