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[size=45][size=41]Al-Kazemi directs the cancellation of all licenses for investment projects with a completion rate of 35% or less[/size]
An hour ago
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An hour ago
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Prime Minister Mustafa Al-Kazemi directed to cancel all licenses for investment projects with a completion rate of 35% or less.
A statement from Al-Kazemi's office said that the latter "visited the Investment Authority and was briefed on the progress of work and the obstacles facing investment in the country."
He explained that "Al-Kazemi, during the visit, directed to cancel all licenses for investment projects whose completion rate ranged between (0-35%) and the time period available for the implementation of the project has expired, and the number of projects to which this applies is 1128 projects."
And he indicated that "Al-Kazemi instructed full commitment to implement the provisions of Article 28 of the Investment Law by sending warnings to unfinished projects, and the National Investment Commission shall supervise and follow up the implementation of procedures, and he instructed to withdraw licenses in the event that the investor does not adhere to the completion period."
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