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English news

15-Jun-2016

TDA considers land withdrawal on inadequate completion rates

The Tourism Development Authority (TDA) is studying the withdrawal of a number of 84 projects from investors, on inadequate completion rates. These are among 95 projects for which the completion rate is below 10%. Projects will be studied on a case-by-case basis, where some investors may be granted an extended timeframe, depending on the reason behind the delay in construction. (Al Borsa)

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