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Today, Wednesday, Prime Minister Mustafa Al-Kazemi made strict decisions against investors during his visit to the headquarters of the National Investment Commission.
The Prime Minister’s office said in a statement received by the National News Center, “Al-Kazemi visited the Investment Authority and was briefed on the progress of work and the obstacles facing investment in the country.”
He added that Al-Kazemi "directed the cancellation of all permits 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 1,128 projects." From the investment law by sending warnings to incomplete projects, and the National Investment Commission shall supervise and follow up the implementation of procedures.
Al-Kazemi instructed, according to the statement, that "licenses are withdrawn in the event that the investor does not commit to the completion period."
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Iraq
[size=38]STRICT DECISIONS AGAINST INVESTORS TAKEN BY AL-KAZEMI FROM THE HEADQUARTERS OF THE INVESTMENT AUTHORITY[/size]
Wednesday, April 21, 2021 2:32 PM
Today, Wednesday, Prime Minister Mustafa Al-Kazemi made strict decisions against investors during his visit to the headquarters of the National Investment Commission.
The Prime Minister’s office said in a statement received by the National News Center, “Al-Kazemi visited the Investment Authority and was briefed on the progress of work and the obstacles facing investment in the country.”
He added that Al-Kazemi "directed the cancellation of all permits 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 1,128 projects." From the investment law by sending warnings to incomplete projects, and the National Investment Commission shall supervise and follow up the implementation of procedures.
Al-Kazemi instructed, according to the statement, that "licenses are withdrawn in the event that the investor does not commit to the completion period."
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