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Amending the Industrial Investment Law is ready for voting
The first 03/05/2024
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Baghdad: Shaima Rasheed
The House of Representatives is preparing to put forward the draft Fourth Amendment to the Industrial Investment Law for the private and public sectors for a vote after the relevant committees finish it.
A member of the Parliamentary Investment Committee, Muhammad Al-Ziyadi, told Al-Sabah: The draft law was read for the first and second time, and all its paragraphs were completed, noting that there is one controversial point, which is between ownership and rent, which may hinder its approval.
He pointed out that there is a proposal from the Economy and Investment Committee that the ownership rate be 50% of the market price, indicating that the Investment Committee is moving towards an implicit rental allowance that provides income for the state.
He added that these two proposals will be presented to the House of Representatives, as the representatives circulated the draft law a week ago and it was agreed to present it to Parliament for a vote.
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