Baghdad-INA
The Investment Body announced the continuation of pulling investment licenses for lagging projects, while the higher governorates identified the withdrawal of investment licenses.
The head of the commission, Suha Daoud Al-Najjar, said in a statement received by the Iraqi News Agency (INA), that "the commission is continuing its procedures related to pulling investment licenses for lagging projects, whose completion rates range between (0-35%) of the project origin, in implementation of the directives of Prime Minister Mustafa Al-Kadhimi during His visit to the authority's headquarters last April.
The Body added that "the authority is studying these projects according to specialized committees to determine the circumstances of each project and the reasons for its delay in coordination between the National Investment Commission and the investment authorities in the governorates in this regard," noting that "there is great cooperation to identify these uncompleted and lagging projects to support the reality of investment in the governorates."
In addition, "At the fore in the governorates from which investment licenses were pulling is Nineveh Governorate, which amounted to (22) investment licenses distributed over the various economic sectors in the governorate, and Najaf governorate witnessed the pulling of (8) investment licenses while the Basra Governorate Investment Commission is studying the possibility of pulling ( 16) An investment license, while the other governorates continue to discuss a number of investment licenses, some of which have been pulling, and some of them are studied by the competent committees.
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