Al-Kazemi to the Investment Commission: I warn you against being lenient with these, and I will hold accountable any negligence
Al-Kazemi to the Investment Commission: I warn you against being lenient with these, and I will hold accountable any negligence
4/21/2021 16:29
[Baghdad-Where]
The most prominent of what was said by the Prime Minister, Mr. Mustafa Al-Kazemi, during his visit to the National Commission for Investment and to see its departments, functioning and obstacles facing work:
* The Investment Commission has a major role in the country’s reconstruction process, and therefore it must be corrected and fixed from previous mistakes.
* There is a defect in the country’s infrastructure, wrong establishment, and this chaos must be worked to end according to sustainable plans and strategies.
* A large number of projects have been transferred to investment during the past years, but unfortunately most of them are either lagging or illusory projects.
* There are thousands of dunams of land that have been acquired for several years without providing any progress or progress in projects.
* Coordination must be made between the authority and the other ministries concerned with investment to expedite the completion of investment projects.
* The National Investment Commission and the authorities in the governorates are required to take the necessary measures immediately to cancel licenses for projects that recorded a percentage (0 to 35%) and the time period available for the implementation of the project has expired.
* The Commission must also take similar measures for projects with very low completion rates for the period of time, and the state’s rights must be fulfilled and its losses from the owners of these projects must be fully compensated.
* I personally follow the investment file and I will be held accountable according to the law, for any failure to correct the wrong situation inherited from the past.
* We are working very hard to launch a comprehensive investment campaign in which Iraqi and foreign investors will participate.
* Iraq is a great country and has great talents, and we must work hard to benefit from them and encourage investors to work on strategic projects in the country.
* Investment provides a better life for Iraqis, and reduces pressure on the government in the field of employment, as it will provide many opportunities for the unemployed.
* Iraq is a golden opportunity for investment, but unfortunately, bureaucratic procedures and corruption are among the reasons that impede investment, and we are working hard to address them.
* Just as we started with a campaign against corruption, we must start a major investment campaign, so our country and our people deserve.
* I warn you against being lenient with the corrupt or the offenders, or anything that harms the national interest of the country, and I support you.
* The decisions we made today regarding the lagging and unfinished projects and the withdrawal of licenses will be attacked by the corrupt, but we are proceeding with them and they are part of our reform project.
The Prime Minister, Mr. Mustafa Al-Kazemi, during his visit to the Investment Authority, had directed the following:
1- Canceling all licenses for investment projects whose completion rate ranges between (0-35%) and the time period available for project implementation has expired, and the number of projects to which this applies is 1128 projects.
2- Full commitment to implement the provisions of Article 28 of the Investment Law by sending warnings to unfinished projects. The National Investment Commission shall supervise and follow up the implementation of procedures.
3- The licenses are withdrawn in the event that the investor does not adhere to the completion period.
alliraqnews.com
