Page 4 - Regulation 6 english law

Second: Lands and buildings allocated for the purpose of implementing
agriculture, industrial, services tourism, commercial or recreational and other
investment projects as follows;
A-Lands allocated for agriculture projects that lead to increase and improve animal
and plant production shall be leased through technical matrix by the Ministry of
Agriculture as shown below:
1-Reclaimed arable lands and has a water share with a rent allowance of 20%.
2- Non reclaimed arable lands and has a water share with a rent allowance of 10%.
3- Non reclaimed arable lands with no water share and a rent allowance of 2%.
4- Non reclaimed arable lands with no water share and a rent allowance of 1%
B-Industrial projects established in areas allocated for industrial investment
projects with a rent or long lease allowance of 2%.
C-Electrical, oil, and other projects located outside municipality boundaries
implemented according to BOT (build, operate, transfer) or BOO (build, operate,
ownership) to be rented or long lease of 5%.
D-Services projects such as educational, health institutions, and others to be
rented or long lease of 5%.
E-tourism projects such as touristic cities, parks, and recreational areas with a rent
allowance or long lease of 10%
F-Commercial projects such as commercial centers, hotels, and others to be rented
or leased with a rent or long lease allowance of 10% for the first 15 years from the
date of commencement of commercial operation of the project. After the
mentioned period the percentage shall be 3% from the land value which is proved
in the investment contract between the two parties.
Article-6-
The rent estimation stipulated in this regulation shall be reviewed every five years.
Article-7-
First: Allowance for sale, lease, or long lease shall be transferred to the Treasury
provided that it is reallocated to the owner after rebate 50% to the owner of the
land and the rest is allocated to the budget of governmental entities which
involved in providing external infrastructure services or public utilities inside the
project