To support the private sector, a parliamentary move to amend the investment law
To support the private sector, a parliamentary move to amend the investment law
10-29-2022
Information / special
Today, Saturday, a member of the Investment and Economy Committee, Muhammad Al-Ziyadi, revealed a parliamentary move to amend the Iraqi investment law in order to encourage and reassure investors and to activate the private sector, indicating that the curriculum of the new Prime Minister, Muhammad Al-Sudani, included supporting investors and activating suspended projects.
Al-Ziyadi said in an interview with “The Information”, that “the investment law will be amended in order to encourage and reassure investors inside and outside Iraq,” stressing that “the Sudanese have a clear desire to develop investment and support the private sector.”
He added, “The new government program aims to activate projects and investments inside Iraq in order to add them as a main resource in the country’s imports.”
He continued, “The effort and routine that the current investment law operates will be reduced in order to facilitate investment inside Iraq,” noting that “the Parliamentary Investment and Economy Committee will support the Sudanese government in order to activate investment, projects and the private sector.”
The Prime Minister, Muhammad Shiaa Al-Sudani, held the first session of the new government yesterday, Friday, and this was considered by some as a positive step that grows from the government’s serious efforts to work and implement its platform that Parliament voted on last Thursday.
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