PARLIAMENTARY INVESTMENT AND DEVELOPMENT: THE INDUSTRIAL INVESTMENT LAW WILL BE APPROVED DURING THIS SESSION
Economy News _ Baghdad
The Parliamentary Investment and Development Committee indicated that the Industrial Investment Law has completed its first and second readings, and is ready for a vote in the House of Representatives during the current session with some amendments.
A member of the Parliamentary Economy and Development Committee, Diaa Al-Hindi, said in an interview with “Al-Sabah”: “The Industrial Investment Law is ready for voting and the first and second reading has been completed,” explaining that “the dispute between the Investment Committee and the Industry Committee on the paragraph of land ownership for industrial occupants is still an obstacle, as the Investment Committee considers these lands state assets, if they are wasted, the property of the people will be forfeited.”
He pointed out that “we are talking here about a hundred thousand industrial licenses in all regions of Iraq,” expecting that “the real licenses almost do not exceed five thousand, and the rest does not have anything on the ground,” stressing that “the Investment Committee categorically rejects this matter and will not accept a vote on this paragraph.”
“The law will be passed, but with a compromise, which is to own land outside the municipal boundaries to industrial occupants only,” al-Hindi said.
(This Industrial Investment Law goes hand in hand with the revaluation of the dinar and rebuilding of the economy. You can see it all coming together and 2024 will be explosive and not by terrorists (I hope), just a matter of speaking….lo..lol..lol..)
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