Page 25 - of Khadrun’, and that Mark said about the lineage of Jesus son of ‎Mary that he was 'The word of God which He placed in the human ‎body, so it became human’, and that Luke said, 'Jesus son of Mary ‎and his mother were humans of flesh and blood, so the Ho

Investor Guide to Iraq 2021

3- Encouraging Iraqi and foreign investors through facilitating easy conditioned loans provided that the investor
implements 25% of the project, the loans also granted to the housing projects implementers and to the final beneficiary
while this privilege was previously restricted to Iraqi investors only.

4- The new amendment allowed owning the state lands allocated for housing projects by Iraqi and foreign investors
against estimated fees if the land was within the fundamental design and without fees if it was out of the fundamental
design of the cities.

5- Iraqi investor have the right to own a state land allocated for industrial projects and conclude a partnership contract
with a foreign investor to finance and administrate.

6- Establishing industrial investment projects and warehouses for agricultural sector on agricultural lands in and outside
the fundamental designs.

7- Investing in the halted strategic and federal projects in all sectors for the purpose of completion and rehabilitation.

8- The new amendment obliged the Ministries, independent entities and provincial municipalities to provide the estates /
lands suitable for establishing investment projects and in case of not committing to this provision, the Ministers council
shall have the right to transfer the estate/land ownership to the National investment Commission without any fees and
the Commission in its turn shall have to allocate the estates/ lands for investment projects.

9- The new amendment exempted estates/ lands allocated for investment projects from the provisions of the laws and
decisions below for their role in hindering investment:
a- The law of selling and leasing state owned possessions No. (21) for the year 2013
b- The law of Agricultural reclaimed lands No. (35) for the year 1983, the law of Reorganizing agricultural ownership No.
(42) for the year 1987 and the law of renting reclaimed agricultural lands No. (79) for the year 1985
c- The law of Industrial investment No. (20) for the year 1998
d- Provision (second) of the decision No. 850 for the year 1979 as amended by the decision No. 940 for the year 1987
e- Decisions of the dissolved Council of the Revolution Leadership No. 581 for the year 1981, 1187 for the year 1982, 222
for the year 1977 and 165 for the year 1994

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