The Chairwoman of the National Investment Commission, Suha Daoud Najjar, obtains the Council of Ministers’ approval to contract with two solid international law and auditing firms to audit previous contracts in Basmaya Residential City.

The Chairwoman of the National Investment Commission, Suha Daoud Najjar, obtains the Council of Ministers’ approval to contract with two solid international law and auditing firms to audit previous contracts in Basmaya Residential City.

The Chairwoman of the National Investment Commission, Suha Daoud Najjar, obtains the Council of Ministers’ approval to contract with two solid international law and auditing firms to audit previous contracts in Basmaya Residential City.

The Chairwoman of the National Investment Commission, Suha Daoud Najjar, obtains the Council of Ministers’ approval to contract with two solid international law and auditing firms to audit previous contracts in Basmaya Residential City.

The Chairwoman of the National Investment Commission, Suha Daoud Najjar, explains in details to the Council of Ministers the NIC procedures regarding Basmaya Residential City

Najjar presents to the Council of Ministers the measures taken by the NIC to combat corruption and lagging projects

The Chaiwoman of the National Investment Commission, Suha Daoud Najjar, obtained the approval of the Council of Ministers, during its session yesterday, to contract with a solid international law firm to review previous contracts regarding the Basmaya residential project and a solid international financial auditing company to propose a financial model, and to audit the project’s financial issues.

The Council of Ministers hosted the Chairwoman of the National Investment Commission, Suha Daoud Najjar, on Tuesday’s session, 1st February  2022, and she provided a detailed explanation of the Commission’s procedures regarding the Basmaya residential city, and other issues related to investments and plans to ensure that investment in Iraq is on the right track, and in accordance with international standards. Al-Najjar also discussed measures taken by NIC to combat corruption and lagging projects.

The Council of Ministers approved recommendation issued by the Ministerial Council for Economy, as follows:

Approving the National Investment Commission’s contract with a solid international law firm to audit previous contracts regarding the Basmaya housing project to propose a new contract formula, and to clarify the legal frame of contracts. Also to contract with a solid international financial auditing firm to propose a financial model, and to audit the financial issues of the aforementioned project, according to what was stated In the letter of the National Investment Commission No. (8506) of October 6, 2021. Both contracts are excluded from the contracting methods stipulated in the instructions for implementing government contracts (2 of 2014).