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The Industrial Investment Law will be approved during this session
The first 12/06/2023
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Baghdad: Shaima Rasheed
The Parliamentary Investment and Development Committee stated that the Industrial Investment Law has completed its first and second readings, and is ready to vote in the House of Representatives during the current session, with some amendments.
A member of the Parliamentary Economy and Development Committee, Dhia al-Hindi, said in an interview with “Al-Sabah”: “The industrial investment law is ready for voting and the first and second readings have been completed,” explaining that “the dispute between the Investment Committee and the Industry Committee regarding the paragraph of land ownership for industrial occupants is still an obstacle.” “The Investment Committee considers these lands to be state assets, and if they are neglected, the property of the people will be neglected.”
He stated, "Here we are talking about one hundred thousand industrial licenses in all regions of Iraq," expecting that "the real licenses almost do not exceed five thousand, and the rest have nothing on the ground," stressing that "the Investment Committee categorically rejects this matter and we will not accept it." Vote on this paragraph.
Al-Hindi stressed that “the law will be passed, but with a compromise solution, which is the ownership of lands outside the municipal borders for industrial occupants only.”
Edited by: Wael Al-Maluk
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