Law
No 10/1998
regarding
Industrial Estates and Industrial Free Zones
CHAPTER
SIX
Development and Operation of Industrial
Estates
and Industrial Free Zones
Article (22)
Consistent with the
provisions hereof, the Board may grant a concession for development
of an industrial estate and/or industrial free zone to any developer
pursuant to a concession deed for development and management
thereof, providing that the developer shall be a public, private or
a mixed corporation or company registered in Palestine.
Article (23)
The developer should be
financially and technically capable. Those having past
experience in the development and operation of industrial estates
and/or industrial free zones shall be preferred.
Article (24)
If a developer fails to
develop and operate the industrial estate or industrial free zone,
he may, subject to approval by PIEFZA, delegate to a third party,
the performance of his duties as indicated in the concession deed.
Article (25)
PIEFZA shall determine
the conditions of the concession deed, term, master lay-out, general
specifications of buildings and infrastructure of the industrial
estate or industrial free zone, operations and maintenance plan and
type of activities and services to be carried out, all in accordance
with the regulations and instructions of the concession deed.
Article (26)
The industrial estate or
industrial free zone shall be subject to control and supervision by
PIEFZA, in order to verify implementation of the conditions of the
concession deed agreed upon between PIEFZA and the developer. In
case of a dispute arising therefrom, the two parties shall resort to
arbitration in accordance with the provisions of the law.
Article (27)
The concession deed
shall conclude by expiration of its term or after the establishment
of the industrial estate or industrial free zone, subject to the
completion of conditions agreed upon in the concession deed. The
industrial estate or industrial free zone shall by expiration of the
concession deed, without prejudice to the rights of third parties,
be referred to PIEFZA, with all developer-owned installations,
projects and assets; and the concession deed may not be amended or
transferred to a third party except after the approval of the Board
of Directors.
Article (28)
With authorization from,
and in coordination with the Board of Directors, the developer may
promote the industrial estate or industrial free zone, with the
purpose of attracting investors and businessmen. The developer
may also subscribe marketing and promotional contracts with any
public or private corporation, all in accordance with the provisions
of this and any other law in force in Palestine.
Article (29)
The developer shall
maintain the infrastructure and other facilities required for
operation of the industrial estate or industrial free zone in good
operating condition. He shall deal with all the projects licensed in
that industrial estate or industrial free zone, with the same
criteria and without discriminating between them for any reason
whatsoever.
(Back)
(Previous) (Next)
::::::::::::::::::::::::::::::::::::::::::::::::::::::
TOP
|
