MoCI conducts draw to lease shops in Abu Nakhla market
April 22 2021 11:05 PM
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The draw was held through visual communication technology.
The draw was held through visual communication technology.

QNA

The Ministry of Commerce and Industry (MoCI), in co-ordination with Aswaq for Food Facilities Management Company and Ministry of Municipality and Environment (MME), held a draw for renting out the shops of the new camel market in Abu Nakhla area and announced the names of the winning investors. The draw was held through visual communication technology.
The number of commercial activities offered in the market reached about seven diverse activities, while the number of applications submitted for investment opportunities were 427, of which only 205 qualified to enter the draw, while 222 applications were excluded for not meeting the required conditions. The MoCI confirmed that the public draw was based on the principle of transparency and equal opportunities, and was carried out in accordance with the previously approved controls and requirements, as the names of the winners and substitutes for each activity were drawn.
The MoCI's Permanent Committee for Central Markets Management stated that Aswaq for Food Facilities Management will communicate with the draw winners to sign contracts and inform them of the regulatory list for the functioning of the market. Last March, the committee announced investment opportunities to lease the stores of the new camel market in Abu Nakhla, in cooperation with the Aswaq for Food Facilities Management Company, a Hassad Food Company subsidiary, and in coordination with the Ministry of Municipality and Environment.
The investment opportunities offered in the said market are 75, including camel pens, fodder stores, and other stores for various commercial activities (veterinary clinic, trade in veterinary supplies, a store for selling animal supplies and tools, a supermarket, and a restaurant).
The market also includes a camel slaughterhouse, which will be operated by the Widam Food Company, in addition to a room for owners of pens and shops and market visitors. There is also a service area for all dealers. The ministry affirmed that it worked with Aswaq to guarantee great benefit for tenants and consumers by setting up a mechanism that allows the tenant to obtain good investment by granting an appropriate rental price while adhering to some conditions and considerations that will maintain the continuity and the success of the markets, while giving an opportunity for consumers to obtain their basic needs of services at competitive prices.
The ministry has also set the operating and leasing criteria and requirements for the lease period to be two years and renewed for a similar period, to present a guarantee cheque upon contracting for one month of the lease and 24 cheques in the name of Aswaq for Food Facilities Management, to be able to provide products permanently, and to ensure that the commercial activity recorded in the commercial register is in line with the activity presented in the case of merchants, and that the trader has experience with the activity for which they apply.
 
 



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