Agadir Launches Tender for Commercial Spaces in New Inbaât Park – Applications Due Soon
Agadir, Morocco – The urban municipality of Agadir has officially launched a tender process for commercial spaces within the newly developed Inbaât Park, shifting responsibility from the previously designated Smart Tourism regional development company. This move, recommended by the steering committee overseeing Agadir’s 2020-2024 urban development program, opens opportunities for businesses seeking to establish a presence in a key leisure and tourism hub. Applications are now being accepted.Background: Inbaât Park & Agadir’s Urban Development
Inbaât Park represents a significant investment in Agadir’s evolving urban landscape, aiming to enhance the city’s cultural, environmental, sporting, and tourist offerings. The park is part of a broader urban development program (2020-2024) designed to modernize Agadir and attract increased investment and tourism. The shift in responsibility for the tender process to the urban municipality reflects a strategic realignment within the program’s administration. The administration and management of the first phase of the park have been entrusted to “Souss-Massa Support and strengthening of TPME,” a regional development company.Tender details & Request Process
The tender is open to both individual entrepreneurs and legal entities, including franchise holders and concession beneficiaries. Applicants are expected to propose businesses compatible with the park’s overarching objectives. Key details of the tender include:
Unlimited Submissions, Limited Selection: Candidates can submit proposals for an unlimited number of premises, but the evaluation committee will onyl consider the top five proposals per applicant.
Evaluation Criteria: Offers will be assessed based on a combined score reflecting both technical merit and financial viability.
Premises Limit: No single applicant will be awarded more than five premises.
Financial Parameters:
Security Deposit: Ranging from 35,000 to 55,000 Moroccan Dirham (MAD). (Approximately $3,500 – $5,500 USD as of November 2023).
Opening Prices (Initial Bid): Between 1.7 million MAD and 463,440 MAD (Approximately $170,000 – $46,344 USD).
Monthly Rental Costs: From 5,642 MAD to 20,272 MAD (Approximately $564 – $2,027 USD) for the 32 available stores and shops.
Development Timeline: Tenants have a maximum of three months to complete build-out and renovations, commencing after receiving all necessary administrative approvals following contract signing and key handover. Extensions are possible, but subject to strict review. Operational Deadline: Businesses must commence operations within 60 days of completing development work. Failure to do so will incur contractual penalties, possibly leading to lease termination.
possession Requirements: Tenants can take possession of the premises upon fulfilling the following: signing the lease agreement, submitting the final security deposit, adhering to the park’s internal regulations and approved architectural guidelines, and providing all required insurance certificates.
What’s New & Crucial to Know:
Application Deadline: The original article does not specify an application deadline. Prospective applicants should contact the Agadir urban municipality directly for this crucial data.
contact Information: The article lacks contact details for inquiries regarding the tender. This information is essential for potential bidders.
Architectural Charter: The approved architectural charter is a critical document for applicants, dictating design standards and ensuring aesthetic consistency within the park. Obtaining a copy of this charter is vital.
Internal Regulations: Understanding the park’s internal regulations is equally important, covering operational guidelines, maintenance responsibilities, and othre key aspects of tenancy.
* Currency Conversion: USD equivalents are approximate and based on current exchange rates (November 2023).
Looking Ahead:
The Inbaât Park tender represents a significant possibility for businesses to capitalize on Agadir’s growing tourism sector and contribute to the city’s ongoing urban revitalization. The success of the park will depend on attracting a diverse range of high-quality tenants that align with its cultural, environmental, and recreational goals.