Withdrawal of 72 service and investment projects from lagging companies in Dhi Qar

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[size=52]Withdrawal of 72 service and investment projects from lagging companies in Dhi Qar[/size]

[size=45]Dhi Qar / Hussein Al-Amel[/size]
[size=45]The local authorities in Dhi Qar announced a move to withdraw 72 investment and service projects from companies lagging behind in their implementation.[/size]
[size=45]The head of the Dhi Qar Investment Authority, Ali Al-Dakhili, said in an interview with (Al-Mada), that "the authority has so far withdrawn about 50 projects and investment licenses from companies lagging in the implementation of projects."[/size]
[size=45]Al-Dakhili added, "37 investment licenses were withdrawn due to lack of seriousness on the part of the investor," noting that "most of the withdrawn licenses relate to lagging residential and commercial complexes."[/size]
[size=45]And he talked about “withdrawing 12 investment projects due to errors in the referral procedures,” explaining that “the referred investment projects were built on them.”[/size]
[size=45]Al-Dakhili stressed, "This is in violation of the investment laws, which stipulate the removal of constructions by the owner before referring the project to investment."[/size]
[size=45]And he finds that “the referral procedures lack the correct vision,” noting that “the 12 withdrawn projects are represented by the Sports World building in Al-Haboubi Square, the old Orzdi, a mall on part of the land of the new governorate building (Ziggurat), the old bird market (Old Safat), Haraj market, and residential complexes A lagging, non-standard gas station, the building of the former National Insurance Company, the Al-Gharraf Municipality Directorate, a commercial building in the Sumer neighborhood, and other buildings in the Shatrah section.” Al-Dakhili stated, "The new management plan of the Investment Authority focuses on addressing lagging investment projects and working to withdraw them," noting that "the province needs someone to build it and not for those who neglect the available investment opportunities."[/size]
[size=45]The number of investment licenses granted by the Dhi Qar Investment Commission since its inception so far is 323 investment licenses that include residential, industrial, commercial, agricultural and other investment fields.[/size]
[size=45]In addition, a statement issued by the local administration in Dhi Qar stated, “The governor, Muhammad Hadi Al-Ghazi, directed the withdrawal of 23 projects from lagging companies throughout the cities of the governorate, as part of a firm plan to organize the work of companies in Dhi Qar.”[/size]
[size=45]The statement added, "Issuing directives to the concerned authorities to withdraw work from the aforementioned companies after they exceeded the time limit specified for the implementation of their projects without legal justifications."[/size]
[size=45]Waad, “The procedure comes within the framework of the governorate’s endeavor to advance the service reality and put an end to the justifications for procrastination and procrastination in the implementation of work.”[/size]
[size=45]The statement quoted al-Ghazi as saying, “While the local government is making every effort to overcome obstacles in front of the implementing companies and harnessing all energies to make its missions a success in serving the citizen, it will not hesitate to withdraw work from those companies if they linger in work and exceed the legal time limits.”[/size]
[size=45]The Dhi Qar Investment Authority had revealed last year that 60 warnings had been sent to lagging companies, and it had indicated that 174 sites had been suspended for more than 3 years due to the failure to hand over their sites to investors by the municipality department.[/size]
[size=45]Investment projects in Dhi Qar face a number of challenges, most notably red tape, administrative and financial corruption, and clan objections. Clan objections and conflicts in Dhi Qar Governorate, where clans make up more than half of its population, are one of the most prominent reasons threatening the future of investment projects in the province. The owner of the right to dispose of the agricultural land that falls within the clan's speculators, although she does not have proof of that from the official documents.[/size]
[size=45]And local sources confirm, “This has prompted the investors to engage in multiple rounds of negotiations with the clansmen, which are mostly decided by paying the money, and when a specific agreement is not reached, the stage of waving and threatening the clan force begins, forcing the investor to stop working for fear of his life and the lives of the workers in the field.” The investment project to be implemented.[/size]
[size=45]Among the investment companies that were subjected to tribal threats at the end of November 2022 was the Golden City Company, which is working in the municipal housing project located in the Al-Mohiyah area, a suburb of Nasiriyah. Two years ago, the Dhi Qar Investment Commission revealed that 34 warnings had been sent to investors and companies that were lagging behind in implementing investment projects. It is the first legal procedure to withdraw the investment license if the investor does not comply with the deviation treatment in the work progress plan.[/size]
[size=45]The Dhi Qar Investment Authority announced the granting of investment licenses to 64 projects in various sectors during the year 2020, and while it indicated that the value of these projects amounted to 252 billion dinars, it confirmed the availability of more than 370 other investment opportunities in the industrial, agricultural, commercial, tourism, transportation, housing and other sectors.[/size]
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