In its first meetings headed by Suha Dawood Najar
Suha Dawood Najar… investment licenses amendment committee is laying down new regulations to regulate investment process in Iraq
The special committee concerned with studying the requests of amending investment licenses coming from PICs in addition to NIC and according to the Ministers Council resolution No. 94 for the year 2022 that substituted the order No. 51 for the year 2019, had started its first meetings headed by Suha Dawood Najar, Chairwoman of the National Investment Commission and the members of the committee represented by DG of the Legal Dept. in the General Secretariat of the Ministers Council , DG of the State Property Dept. in the Ministry of finance, DG of the General Government Contracts in the Ministry of Planning, DG of the Investment and External transmissions Dept. in the Central Bank of Iraq, DG Assistant of the Ministers Council and committees Affairs Dept. in the general Secretariat of the Ministers council, and DG of the Legal department in NIC.
The Committee discussed a number of regulations and instructions regarding amending investment licenses and the laying down of certified regulations that can regulate the process and ensure the streamlined achievement of projects with limiting corruption possibilities.
The Committee also discussed the reasons of the obstacles that faced the work of the previous Committee formed according to Order No. (51) and amended a number of regulations in a way that contribute to activating the current investment process in Iraq.
The Committee decided to hold its meetings on weekly bases to discuss the projects subject to amendment in addition to discussing listed points on the Committee’s agenda and issuing the new regulations and instructions to tackle failures and obstacles hindering the smooth achievement of projects.