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[size=36]Al-Kazemi: We will launch a comprehensive investment campaign in which Iraqi and foreign investors will participate[/size]
Political| 04:20 - 21/04/2021
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BAGHDAD - Mawazine News
, the Prime Minister, Mustafa Al-Kazemi, confirmed today, Wednesday, that the government is working hard to launch a comprehensive investment campaign with the participation of Iraqi and foreign investors.
Al-Kazemi said, during his visit to the National Investment Commission and to see its departments, functioning and obstacles facing work, according to a statement from his media office Mawazine News received a copy of, that "the Investment Commission has a major role in the reconstruction process of the country, and therefore it must be evaluated and fixed from previous mistakes." .
He added, "There is an imbalance in the country's infrastructure, a wrong establishment, and this chaos must be worked to end according to sustainable plans and strategies," pointing to "converting a large number of projects to investment during the past years, but unfortunately most of them are either lagging or fake projects."
He explained, "There are thousands of dunams that have been acquired for several years without providing any progress or progress in the projects," stressing the necessity of coordination between the authority and other ministries concerned with investment to accelerate the completion of investment projects.
He stressed, "The National Investment Commission and the authorities in the provinces are required to take the necessary measures immediately to cancel the licenses for projects that recorded a percentage (0 to 35%) and the time period available for the implementation of the project has expired."
The prime minister called on the commission to "take similar measures for projects with very low completion rates for the period of time, and the state's rights must be fulfilled and its losses from the owners of these projects must be fully compensated."
And he added, "I personally follow the investment file and I will be held accountable according to the law, for any failure to fix the wrong situation inherited from the past," promising, "We are working very hard to launch a comprehensive investment campaign in which Iraqi and foreign investors participate."
He stressed, "Iraq is a great country and has great talents, and we must work hard to take advantage of them and encourage investors to work on strategic projects in the country," noting that "investment provides a better life for Iraqis and reduces pressure on the government in the field of recruitment, as it will provide many opportunities for the unemployed." the work".
He explained, "Iraq is a golden opportunity for investment, but unfortunately, bureaucratic procedures and corruption are among the reasons that impede investment and we are working hard to address them," adding: "Just as we started a campaign on corruption, we must start a major investment campaign, so our country and our people deserve."
And he warned against "leniency with the corrupt or violators or what harms the national interest of the country, and I am supportive of you," adding: "The decisions we have taken today regarding the lagging and unfinished projects and the withdrawal of licenses will be attacked by the corrupt, but we are going ahead with them and they are part of our reform project." .
The Prime Minister, Mustafa Al-Kazemi, directed during his visit to the Investment Authority the following:
1- Canceling all permits for investment projects whose completion rate ranges 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.
2- Full commitment to implement the provisions of Article 28 of the Investment Law by sending warnings to unfinished projects. The National Investment Commission shall supervise and follow up the implementation of procedures.
3- The licenses are withdrawn in the event that the investor does not comply with the completion period. Ended 6/29 n
, the Prime Minister, Mustafa Al-Kazemi, confirmed today, Wednesday, that the government is working hard to launch a comprehensive investment campaign with the participation of Iraqi and foreign investors.
Al-Kazemi said, during his visit to the National Investment Commission and to see its departments, functioning and obstacles facing work, according to a statement from his media office Mawazine News received a copy of, that "the Investment Commission has a major role in the reconstruction process of the country, and therefore it must be evaluated and fixed from previous mistakes." .
He added, "There is an imbalance in the country's infrastructure, a wrong establishment, and this chaos must be worked to end according to sustainable plans and strategies," pointing to "converting a large number of projects to investment during the past years, but unfortunately most of them are either lagging or fake projects."
He explained, "There are thousands of dunams that have been acquired for several years without providing any progress or progress in the projects," stressing the necessity of coordination between the authority and other ministries concerned with investment to accelerate the completion of investment projects.
He stressed, "The National Investment Commission and the authorities in the provinces are required to take the necessary measures immediately to cancel the licenses for projects that recorded a percentage (0 to 35%) and the time period available for the implementation of the project has expired."
The prime minister called on the commission to "take similar measures for projects with very low completion rates for the period of time, and the state's rights must be fulfilled and its losses from the owners of these projects must be fully compensated."
And he added, "I personally follow the investment file and I will be held accountable according to the law, for any failure to fix the wrong situation inherited from the past," promising, "We are working very hard to launch a comprehensive investment campaign in which Iraqi and foreign investors participate."
He stressed, "Iraq is a great country and has great talents, and we must work hard to take advantage of them and encourage investors to work on strategic projects in the country," noting that "investment provides a better life for Iraqis and reduces pressure on the government in the field of recruitment, as it will provide many opportunities for the unemployed." the work".
He explained, "Iraq is a golden opportunity for investment, but unfortunately, bureaucratic procedures and corruption are among the reasons that impede investment and we are working hard to address them," adding: "Just as we started a campaign on corruption, we must start a major investment campaign, so our country and our people deserve."
And he warned against "leniency with the corrupt or violators or what harms the national interest of the country, and I am supportive of you," adding: "The decisions we have taken today regarding the lagging and unfinished projects and the withdrawal of licenses will be attacked by the corrupt, but we are going ahead with them and they are part of our reform project." .
The Prime Minister, Mustafa Al-Kazemi, directed during his visit to the Investment Authority the following:
1- Canceling all permits for investment projects whose completion rate ranges 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.
2- Full commitment to implement the provisions of Article 28 of the Investment Law by sending warnings to unfinished projects. The National Investment Commission shall supervise and follow up the implementation of procedures.
3- The licenses are withdrawn in the event that the investor does not comply with the completion period. Ended 6/29 n
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