ACUD received nine bids in total, which will now be
reviewed. Land allocation will be based on the offers submitted, with priority
given to companies that previously applied in past offerings but did not secure
land.
These six plots are remnants from a previous offering in the
R8 district, where 16 plots were initially tendered. Ten of those were already
awarded to companies, and ACUD re-offered the remaining plots.
The land plots range in size from 14 to 60 feddans and are designated for integrated urban development. ACUD has set payment terms requiring a 5% reservation deposit, an additional 20% of the land value upon allocation, and the remaining balance to be paid in eight semi-annual installments over four years.