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Procedures for selecting and Acquisition for inland project and private free zone project

  1.  present Unconditioned renewed bank Letter of Grantee (valid for one year), accounts for 5% of investment costs of project , to IDA , before receiving allocation letter . letter of Grantee is provided after completing establishing project foundations.
  2.  settle down payment during 2 weeks ( as per date of obtaining allocation letter) and to complete all necessary documents .
  3.   obtaining land during 2 weeks ( as per date of settling down payment )
  4.  provide establishment licenses documents to authorized administrative entities during 3 months ( as per date of obtaining land) and to notify IDA
  5.  start establishments during 12 months ( as per date of obtaining land)
  6.  not to sell land , before establishing and operating project land is allocated for, settling costs and fees and obtaining a written approval on allocation (provided by IDA).
  7.  abide by laws of environment and industrial sewage and safety.
  8.  not to change activity land is allocated for and /or practice activities that may have serious effect on health or environment.
  9.  admit that our address laid down in the form is our legal address and we shall not have the right to protest.
  10.  admit that we shall not work in governmental or public sector or prosecution boards.

 

 If we shall not abide by terms mentioned above , IDA shall have the right to make allocation null and avoid ( without notifying , alerting or decreeing a law) . signature on admission and commitment herein refers to acceptance on terms referred to and I shall not have the right to call for expenditures . IDA shall have the authority to call for compensation.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

   

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