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Parliamentary dispute obstructs the Industrial Investment Law
Iraq 2023/08/15
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: Shaima Rasheed
The Parliamentary Investment Committee described the industrial investment law as one of the important laws that reached the stage of voting, but it will not be passed unless the clause of land ownership for the investor is deleted, pointing out that it will seek to delete the clause from the law before voting on it.
Committee member Diaa al-Hindi al-Hasnawi said, in an interview with “Al-Sabah”: “The law caused a dispute between the Economics Committee and the Investment Committee over one paragraph in the Industrial Investment Law. That,” explaining the reason for the Investment Committee’s refusal that “lands are state assets.”
He pointed out that "any audit will remove 95,000 factories, as they are mere licenses without facilities on the ground, while what remains is less than five thousand factories, most of which are less than normal and occupy tens of acres in city centers."
In turn, committee member Muhammad al-Ziyadi told Al-Sabah: The Industrial Investment Law is a very important law and is still under legislation, as there is a problem around it and two visions. The first is the ownership of land for industrial projects in Baghdad, and the second opinion sees this step as a waste of public money He added ,
"The law is still under study, despite its first and second reading."
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