Wasit Investment granted 80 investment licenses since 2008, a quarter of which were withdrawn for va

[size=52]Wasit Investment granted 80 investment licenses since 2008, a quarter of which were withdrawn for various reasons[/size]

[size=45]Wasit / Jabbar Bechai[/size]
[size=45]Wasit Governorate Investment Commission revealed that the most important reasons that hinder the work of investors and push them to leave work is the routine prevailing in most departments that require their approval in advance before starting any investment project, including state real estate, which is the first obstacle for investors.[/size]
[size=45]The head of the commission, Ali Turki Al-Shammari, said that "the boring routine and the negative interaction of some departments and other government agencies has become one of the reasons that impede the work of investors and prevent the acceleration of the implementation of investment projects that they want to enter into."[/size]
[size=45]He added that "the lack of seriousness of some investors and their financial inability is one of the other reasons that led to the decline of the investment sector in the governorate, and this step led the authority to withdraw about 23 investment licenses out of 80 licenses granted by the authority since 2008."[/size]
[size=45]He explained that “Wasit Investment Authority has granted 80 licenses since its formation in 2008, covering various sectors, including residential, service, health and entertainment sectors, but due to the lack of seriousness of investors and their ability, 23 licenses were withdrawn. More and more seriousness in the work of the Commission to audit and scrutinize the investing entity and obligate it to conditions before the process of referring the investment project takes place.”[/size]
[size=45]He explained that "investment licenses were granted to a variety of projects, including the health, agricultural, recreational, service and housing sectors, some of which were completed and work income, and the other part was disrupted for the reasons we mentioned, and therefore the Al-Wasiti citizen did not benefit from those projects that are supposed to create a qualitative leap in the governorate in the areas mentioned." she has".[/size]
[size=45]He stressed that "the investment culture is modern in the country, and there are many obstacles facing investors, which require a more mature and understanding vision that pushes towards simplifying the procedures in front of them with strict controls to confront those who are reluctant and who are not serious about work."[/size]
[size=45]Pointing out that “the problems facing investment in the country are many, including the allocation of land and the delay in official approvals, and the procedures for state real estate are one of the problems that hinder the investment process, as the investor faces a lot of delays in concluding the contract and handing over the land, which drives him to leave the project and thus the defect occurs. “. Regarding the offer of the Ad-Dalamj marsh to investment by the National Investment Commission to be a beautiful tourist and entertainment city, the head of the Wasit Investment Commission stated that “the reason for displaying the marsh by the National Commission comes because it is located in a common area with Al-Diwaniyah Governorate, as the investment law does not allow any local authority in the governorates to offer A joint area for investment to avoid problems and intersections between governorates.[/size]
[size=45]And he indicated that "the total area of ​​the marsh is 160,000 dunams, including 60,000 dunams, located in the administrative borders of Wasit Governorate, and it is considered the most important part because it is completely submerged in water, and there are many types of fish in it, in addition to the incoming birds during the migration seasons, with its great importance for buffalo breeders." He pointed out that "properly investing this marsh in accordance with the foundations and standards that guarantee the rights of both governorates will have significant positive repercussions, especially in the field of achieving self-sufficiency in fisheries, in addition to the possibility of establishing tourist resorts and recreational cities in the region, which makes it attractive to tourists from different governorates."[/size]
[size=45]For his part, the human rights commission’s vice president, Diaa Talal Al-Taei, stated that “the commission has begun to take correct steps and seeks to involve government institutions and other sectors in its work by organizing specialized workshops that push towards strengthening the commission’s work.” He added that "the authority set up a workshop for the consulting offices supervising the progress of work in most investment projects in Wasit Governorate, through coordination with the Engineers Syndicate, aimed at discussing the reality of investment projects in terms of design and construction, as well as the nature of the work of the consulting offices and their importance in maintaining the technical sobriety of the work." and construction.” Pointing out that "the work of the authority is closely linked to the advisory offices and to enhance cooperation with them to achieve success when implementing investment projects and to follow up on the investor's commitment to the required technical specifications as well as his commitment to the timelines for the completion of his project and its entry into work."[/size]
[size=45]Al-Taie said, "Through the experience of the field authority and its follow-up to the projects implemented by investors, it had a number of technical observations that necessitated reminding them, foremost of which is the issue of bills of quantities, percentages of completion, and sometimes the absence of the role of the resident engineer and the accuracy of laboratory tests and other specialized technical aspects that require that they be There is a serious and real follow-up to the implementation stages.”[/size]
[size=45]Wasit Governor Muhammad Jamil Al-Mayahi announced last year the formation of the Higher Committee for Investment in Wasit, to supervise and support the work of the Investment Authority and to draw an investment map in the province.[/size]
[size=45]He explained at the time that the local government in Wasit has been working to reconsider the investment projects referred since 2008 until now and will also work to establish controls to attract and encourage investors by reducing red tape and pushing for the Wasit governorate to attract investment for many reasons, the most important of which is the stability of its security situation in addition to the existence of an investment environment And suitable opportunities for investment in various fields, especially agriculture, complementary food industries, the housing sector, health, the tourism and entertainment side, in addition to the service side.” According to statements by the governor of Wasit, the investment authority in the governorate referred more than 72 investment licenses, of which only a very few were completed, and some of them were referred to suspicions and legal and administrative violations. That the law be applied against him and the withdrawal of the license granted to him to be available to another investor.[/size]
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