Tenders Are Invited For Auctioning Shop No. 3 Located In Commercial Section No. 98

Tenders are invited for Auctioning Shop No. 3 Located in Commercial Section No. 98 in the Expansion Area of Al-Husseiniya Suburb Damascus Governorate Public Auction Announcement Damascus Governorate announces its desire to conduct a public auction to offer shop No. 3 located in commercial section No. 98 in the expansion area of Al-Hussainiya suburb for (annual investment allowance) by public auction for a period of three years in its current condition according to the technical specifications and the financial and legal conditions book organized for this purpose and according to the following: Applications to participate in the auction shall be submitted directly to the auction committee in Damascus Governorate and in the presence of the governorates broker at the time and date specified in this announcement, attached with the supporting documents stipulated in Article 11 of the Unified Contracts System issued by Law No. 51 of 2004 and the temporary guarantees specified in this announcement. The bidder is exempted from submitting a document of a merchants registration certificate and a document of subscription to one of the industrial, agricultural, commercial or tourism chambers. A fixed financial stamp of 100,000 SYP, a local administration stamp of 5,100 SYP, a war effort stamp of 300 SYP, and a re-entry stamp shall be affixed to the application for participation. Immar /10100/ SYP and Martyrs Stamp /200/ SYP The auction will take place at eleven oclock on 6/11/2025 in the Damascus Governorate Building - Fifth Floor - Hall No. /534/ Temporary Insurance: Temporary insurance has been set at an amount of /2,000,000/ SYP only, two million Syrian pounds, to be paid to the Governorate Fund by means of an official receipt or by means of a certified check or a duly endorsed check to the Damascus Governorate Final Insurance: 10% of the value of the annual investment allowance x (investment period) If the offer includes more than one partner, all of these partners must submit the temporary and final insurances in their names together under penalty of their offer being rejected, and their offer must include a statement that they are jointly and severally liable The duration of the bidders engagement with the auction is /180/ days starting from the day following the day of notifying the bidder in writing of the award of the auction to him Investment Period: The investment period is (three years) starting from the date of organizing the receipt record organized for the investor after the investment license is duly certified The auction will take place For the annual investment allowance exclusively, the opening price of the auction is set at /5,000,000/SYP (five million Syrian pounds) and no more. The file can be viewed and obtained from the Contracts Department at Damascus Governorate - second floor after paying its value of /100,000/SYP (one hundred thousand Syrian pounds) and no more . The advertisements can be viewed on the website (www.damascus.gov.sy). [Disclaimer: The above text is machine translated. For accurate information kindly refer the original document.] Tender Link : elan.gov.sy