Among them is hosting the Governor of Basra … Representative Ali Shaddad discusses with the head of

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[size=52]Among them is hosting the Governor of Basra … Representative Ali Shaddad discusses with the head of the National Investment Commission the repercussions of not forming a board of directors for the Investment Commission in Basra[/size]

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[size=45]Representative “Ali Shaddad” discussed with the head of the National Investment Authority, Suha Daoud, the reality of investment in the province of Basra, and demanded the importance of expediting the formation of the board of directors of the investment authority in the province, pointing out that “disruption of the formation of the board of directors caused delays in granting many investment licenses to companies wishing to work in Basra Governorate and in various sectors.”[/size]
[size=45]Shaddad pointed out that he had received  a set of books and official correspondences from the Council of Ministers and some other government agencies, dating back to previous years, calling on the province of Basra to form the Board of Directors of the Investment Authority, like the rest of the other Iraqi provinces, noting that "the lack of response to these books and official communications And the delay in forming a board of directors for the Investment Authority in Basra, factors that caused the suspension of the granting of many investment licenses, in addition to the presence of many projects marred by question marks that could not be approved, in addition to the lack of clear transparency in dealing with investment companies and investors.[/size]
[size=45]Shaddad continued, “It is not possible for Iraq’s economic capital and an important province like Basra to suffer from a noticeable deficiency in the formation of the investment committee in it,” noting that “the next periodic meeting of Basra governorate representatives will be hosted by the governor of Basra to clarify the reasons for the delay in completing the board of directors, as well as the Discussing the steps to ensure the importance of moving forward and expediting the formation of the council and granting it legal status.[/size]
[size=45]Shaddad confirmed that the head of the Investment Commission, Suha Daoud, directed the legal department in the commission to emphasize the importance of proceeding with the formation of a board of directors for the investment commission in Basra governorate officially or implementing paragraph 13 of Cabinet Resolution No. 245 of 2019, which stipulates that the governorates must complete the formation of a board of directors for the commission. Investment and otherwise, the Prime Minister assigns whomever he deems appropriate to manage or become a member of the Board of Directors.[/size]
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