Renewable energy companies to pay 2% of their output for land rights

Renewable energy companies might pay 2% of their output for land rights: The government is looking to make renewable energy who have obtained land under a usufruct contract pay “2% of their annual output,” unnamed officials said yesterday. The move is meant to enforce order to a current haphazard system whereby different governorates charge different rates for land rights. Governorates have been charging rates ranging from 5-7% of their annual output, prompting GCC-based and other investors to request that the government set a universal fee.