[ltr]2023.08.15 - 09:33[/ltr]
Committee member Diaa al-Hindi al-Hasnawi said, “The law caused a dispute between the Economics Committee and the Investment Committee over one paragraph in the Industrial Investment Law. Investing that "land is a state's asset".
Al-Hasnawi vowed to "mobilize parliamentarians to reject the article to proceed with approving the law because the law is ready for voting," noting that "there are 100,000 licenses issued for factories, some of them starting from 1998 to the present day."
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 said that the industrial investment law is a very important law and is still under legislation, as there is a problem around it and two visions.
He added, "The law is still under study, despite its first and second reading."
"The Official Gazette"
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