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Member of the Parliamentary Investment Committee, Hussein Ali, revealed today, Monday, that the final touches have been put in place to approve the Industrial Investment Law in the House of Representatives, while confirming that the upcoming sessions will witness a vote on the second reading and then a full vote on it.

Ali said in an interview with the Maalouma Agency, “Approval of this law will support investment and provide many facilities to investors,” noting that “it is necessary to move to stimulate investment in the industrial sector, which lacks many basics.”

He continued, “The law contains many articles and legislation that will contribute to the success of the industrial investment sector, which Iraq lacked during previous years,” pointing out that “approval of this law will be consistent with the government program and the steps that the current government is taking.”

He added, “The Investment Committee worked to add paragraphs that will contribute to creating a qualitative breakthrough in the investment sector in Iraq,” noting that “the final touches have been put in place to approve the Industrial Investment Law in the upcoming Parliament sessions.”

In previous years, Iraq lacked the adoption of such laws that would create an attractive environment for investment and advancement of this sector.

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