Baghdad - conscious - Nassar al-Hajj
The Prime Minister's Adviser for Reconstruction and Investment Affairs, Sabah Abdul Latif Mashtaat, confirmed today, Monday, that the Council for Reconstruction and Investment Law is on the way to legislation, while noting that the law will set a strategy for building the country.
Mushtat told the Iraqi News Agency (INA), that "the Law of the Reconstruction and Investment Council began as an idea in the time of the government of former Prime Minister Adel Abdul-Mahdi, as it was reformulated after it was discussed in the State Council, but the government changed," noting that "one of the provisions of the government program for the government of The current Prime Minister, Mustafa Al-Kazemi, is to establish the Council for Reconstruction and Investment.
He added: "At the beginning of the formation of the government, the Law of the Reconstruction Council was sent to us, and a committee was established with the membership of Suha Al-Najjar, who was the Prime Minister's advisor for investment, the legal advisor to the Prime Minister and Director of the Legal Department in the Ministry of Finance, and I as an advisor for reconstruction and services affairs, as our proposal was to change his name from the Reconstruction Council to The Council for Reconstruction and Investment," noting that "the law is currently on its way to the House of Representatives for approval."
He continued, "The House of Representatives will not deal with the law with priority because the remaining period of its life is short, and there are projects that must be approved," explaining: "We are waiting for its approval to develop a reconstruction strategy in the country."
The previous government, headed by Adel Abdul-Mahdi, voted on the draft law on the reconstruction council for the purpose of submitting it to the House of Representatives.
The draft law aims to establish infrastructure and establish major projects in the country such as roads, bridges, airports and ports, as well as eliminating unemployment by encouraging investment and employing manpower, following up on the establishment of strategic, industrial, agricultural, health and housing projects, and sustaining their operation in accordance with international standards and concepts.
The project authorized the Reconstruction Council to have broad powers such as contracting, controlling, supervising, implementing and managing major projects effectively, creating job opportunities, maximizing the benefit of Iraqi citizens from state resources by distributing project profits to them, giving them priority in subscribing to the Council’s projects, and implementing development projects of economic importance to develop and diversify the resources of the Council. Iraq, material and human, and the establishment of active national sectors capable of free competition and advancing development.
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