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Investment Kirkuk put strict controls to compel investors to implement their projects (PFP)

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dealerdean


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Alsumaria News / Kirkuk announced the investment of Kirkuk on Monday, put strict controls obliges investors to preserve the rights of the beneficiaries of the projects, indicating that the controls prevent investors from withdrawing money without achieving ratios accomplish actual projects. said deputy head of the Kirkuk happiest Fadel called, In an interview for "Alsumaria News," The body has formed a higher committee of the investment, shall follow the obligations of investors towards the body in terms of the implementation of the projects and the levels of achievement. " He pointed out that "the Commission has committed investors need to implement investment projects under the pledges made ​​before granting the investment license, as well as the application of agreed upon, "adding that" the procedures established by the Commission to prevent investors from withdrawing money without achieving completion rates effective for their business. " and between and called that "determining the withdrawal of funds put in order to speed the completion of projects in accordance with the percentage of completion achieved by investing companies in the sectors of housing" , pointing out that "the decision came after noticing that some investors are shirking the commitments and guarantees to be provided and the fulfillment of them toward the body." He was called that "all investment projects granted licenses, amounting to 23 investment projects, 12 projects, including the creation of more than four thousand housing units . " It is noteworthy that the investment in the province of Kirkuk, 250 km north of Baghdad, announced (November 19, 2011), the approval of the Ministry of Industry and Minerals to create a city specialist for light and medium industries, indicating that this project will be the first of its kind, which includes infrastructure and different ways and contribute to the establishment of several industrial projects. Investment Authority also announced in the province of Kirkuk, (January 5, 2011), grant two licenses استثماريتين to create a mall and a tourist hotel and residential units at a total cost of seven million and 400 thousand dollars.


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