Member of the Parliamentary investment Committee, MP Asaad Al Bazouni, pressured the necessity of adopting a partnership version with buyers in investment projects in a way that ensures the nation obtains a clear share in these tasks, thinking about that this method can make contributions to preserving the kingdom’s belongings and developing its establishments in diverse fields.
Al-Bazouni stated in a assertion to {dinaropinions.com} that “the cutting-edge funding law consists of essential loopholes that lead to granting initiatives or lands to buyers without restrictions or strict situations, which results in the exploitation of these loopholes with the aid of a few beneficiaries,” noting that “some traders provide economic feasibility research whilst filing their gives, but they do not decide to enforcing them on the ground.”
He pressured the “necessity of investors’ strict dedication to the economic feasibility they supplied when filing their offers,” calling for “a extreme stand in opposition to the pressures and principal demanding situations dealing with regulatory and legislative bodies as a result of the intertwined pastimes between buyers and other beneficiary events.”
Al-Bazouni delivered that “adopting the partnership model among the kingdom and the investor will make a contribution to reaching sustainable development and shielding countrywide assets, in particular in light of the pressing want to modernize the infrastructure and broaden the service and production sectors,” indicating that “the absence of appropriate employer ends in the waste of public money and the depletion of Iraq’s resources.”
