Public Competition
Opening investment of municipal properties and their related services to competition among investors through public advertisement, in accordance with the provisions of these Regulations and the decisions issued to implement them.
Investment
Utilizing and operating municipal properties with the aim of preserving and developing them, and using their financial returns to provide and enhance municipal services.
Investor
A natural or corporate person entitled to carry out commercial and investment activities under the relevant regulations and bylaws.
The Municipality
The Amanah (regional/metropolitan municipality) or the (local) municipality.
Municipal Properties
Properties owned by municipalities in accordance with applicable regulations and instructions.
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