Housing: stabilization of industrial land prices in new cities for immediate payment until June 30Visits : 119

Housing: stabilization of industrial land prices in new cities for immediate payment until June 30

The Board of Directors of the New Urban Communities Authority, in its meeting chaired by Dr. Assem Al-Jazzar, the Minister of Housing, Utilities and Urban Communities, agreed to extend the work at the previous prices in force during the year 2019 for lands (with industrial activity) in the industrial areas in the new cities, which will end on 12/31/2019 And, until 30/6/2020, for immediate payment, and in case of payment in installments, the finance charges will be added according to the interest of the central bank at the time of payment, in addition to 2% according to the approval of the Council of Ministers and the letter of the Ministry of Finance.