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Tuesday, 19 July 2016

Unified Land Act to grant tendering rights to gov’t bodies independent from GAFI

The ball of red tape on land allocation may have just thickened: The Justice Ministry is drafting a Unified Land Act that would grant different government bodies full rights to tender and privatize land under their jurisdiction. This would run directly contrary to articles of the Investment Act that stipulates all government land must be tendered through GAFI. Sources tell Al Mal that GAFI has apparently written to the Justice Ministry requesting that it retains the authority to act as channel for the government to issue land to investors under the single window policy. Agencies including the industrial and tourism development authorities are simultaneously pushing back against the consolidation of land allocation under GAFI. Government sources added that the law would also establish an oversight authority to annually oversee how these different bodies have used the land under their care. It would also establish a Supreme Development Committee and an authority to protect government land from misuse and informal ownership and development.

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