Arbitration and dispute resolution
In the event of dispute, both parties will do their utmost to resolve the dispute amicably and to their mutual...
Assignment or transfer
Unless 75% of the land is developed, Al-Mehdi Match Makers has no right to transfer the land, use rights of...
Cancellation or termination
Al-Mehdi Match Makers is obliged to start to develop the land within 6 months, and develop 1/5 of the leased...
Corporate headquarters
H.no New, Kebele 03, Bole sub city, Addis Ababa, Ethiopia
Environmental impact assessment and management plan
Al-Mehdi Match Makers is required to conduct an environmental impact assessment and deliver the report within three months of execution of the contract
Environmental protections
Al-Mehdi Match Makers must provide good care and protection of the lease land and the natural resources thereon, including conserving...
Governing law
The governing law for operations under the agreement shall be the laws of Ethiopia
Hardship clause or force majeure
Conditions of force majeure shall be governed by the Ethiopian Civil Code
Income tax: exemptions
The Ministry of Agriculture undertakes to provide, or cause to be provided, to Al-Mehdi Match Makers special investment privileges such...
Infrastructure
Al-Mehdi Match Makers has the right to build infrastructure such as dams, water boreholes, power houses, irrigation systems, roads, bridges,...
Language
All communication and notice sent between the parties as required by the contract shall be in writing in English or Amharic language
Other - miscellaneous
Al-Mehdi Match Makers shall not make any unauthorized use of the leased land beyond the predetermined purpose or objective or...
Other - operational
The Ministry of Agriculture is obliged to arrange access and use of facilities of the Ethiopian government and the Regional...
Physical security or protection of property
The Ministry of Agriculture shall provide adequate security, free of cost, against any riot, disturbance or any other turbulent time...
Renewal or extension of term
The contract can be renewed if mutually agreed between the parties; If a party wishes to renew the agreement, it...
Reporting requirements
Al-Mehdi Match Makers shall provide correct data and investment activities reports upon request by the Ministry of Agriculture; The Ethiopian...
Restrictions on transactions with affiliated parties
Dividing the leased land among the shareholders of Al-Mehdi Match Makers to develop the leased land in an independent way...
Sacred, cultural, or historical sites
Al-Mehdi Match Makers must provide good care and protection of the lease land and the natural resources thereon, including conserving...
Signatories, company
State agency, national company or ministry executing the document
Ministry of Agriculture. The Ministry of Agriculture, as representative and highest authority of Ethiopian government to this contract, shall guarantee...
Surface fees or rent
Al-Mehdi Match Makers is entitled to a 5-year grace period for the land rent; The rent for the first 5...
Country
Ethiopia
Signature Year
2012
Resource
Timber (Wood)
Type of Document
Contract
Open Contracting Identifier
ocds-591adf-9496422371
Disclosure Mode
Government
This document has missing annexes
Land Matrix ID
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