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Thursday 06, May 2021 17:48
Baghdad / NINA / Economic expert Nabil Al-Marsoumi confirmed that: Investment projects completed from 2008 to last year are only 500 projects out of 2,400 investment projects.
He told the Iraqi National News Agency / NINA / that: Whoever issues investment licenses is the National Investment Authority, which was established in 2007 and started its work directly in the following year, and it is a link between the state and investors to ensure the provision of a suitable environment for projects.
Al-Marsoumi added that: The total number of licenses issued by the authority since its establishment until last year reaches 2,400 licenses, including 900 projects whose completion rate is zero, 800 lagging projects that have not been completed yet, and only 500 are only 500 completed projects.
He explained that: The decision to cancel licenses for projects whose completion rates ranged from zero to 30% amounted to 1,128 projects, which will result in the recovery of more than 400,000 dunams reserved for projects worth 90 trillion dinars.
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