The Tourism Development Authority (TDA) has finalised the tender documents for 73 land plots, for the first time in 16 months. These land plots are spread over a number of locations, including: the Red Sea, Nabq, Ras Mohamed and Magawish. Investors should pay 5-10% of the land cost upfront and to grow that 27% within one month, in case the investor wins the bid. Land prices will range between USD10/sqm to USD53/sqm. (Al Mal)
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