A source in the Iraqi Parliament revealed a move in the Parliamentary Economy and Investment Committee to question the head of the National Investment Commission, Suha Daoud Najjar, regarding the decision to withdraw licenses from lagging projects, some of which may arrange punitive funds for the state.
The source explained to () that “the questioning of the Chairman of the National Investment Commission, Suha Daoud Najjar, came to clarify the negative effects of the decision to withdraw licenses from the lagging projects that did not reach the completion percentage (35%), especially since most investors delayed their projects due to the red tape and bureaucracy adopted in completing the approvals. to continue carrying out their projects.
The source pointed out that "in the event that the National Investment Commission proceeds with its decision to withdraw the licenses, it may arrange huge penal funds on the Iraqi government, because most investors will file lawsuits and win them in their favor because they have evidence that the administrative procedures adopted in state institutions are the reason for the delay in investment projects."
It is noteworthy that the Parliamentary Committee on Economy and Investment hosted last April 2021 the head of the National Investment Commission, Suha Najjar, and discussed with her the decision to withdraw more than a thousand investment licenses from projects that do not exceed the completion rate (35%), warning that many lagging projects in Iraq are linked to With bureaucratic procedures, administrative work in dealing with the investor, and the matter may cause huge penal sums on the state.
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