The management of Adra Industrial City issued a decision canceling the allocation of an industrial plot designated for the food industries sector (Second Sector), which covers a total area of 6,764.42 square meters.This decision was made based on the provisions of the investment regulations in force within the industrial city, and in accordance with the minutes of the committee meeting responsible for reviewing the status of contractors who paid the initial 20% down payment of the plot's total value. The resolution had previously granted investors a maximum deadline of 15 days to finalize contracting procedures at a price ranging between $30 and $35 per square meter, while adhering to the 2025 investment system, under penalty of cancellation in case of non-compliance.The first article of the decision stipulated the cancellation of the allocation for the aforementioned plot and the settlement of the financial account after deducting the insurance deposit, subscription fee, and any other due amounts according to legal regulations, noting that no mutual consent sale contract had been organized. In the second article, the relevant authorities were instructed to notify and execute the decision accordingly
26/5/2026
