Ministerial Investment Committee grants an investment license to a UAE company to implement commercial market centers


The Higher Ministerial Committee for Reconstruction and Investment held a meeting on Wednesday under the chairmanship of Prime Minister Haider Al-Abbadi, during which he granted an investment license to DAMAC UAE for the development and implementation of commercial market centers.
Abadi’s office said in a press statement that “Prime Minister Haider al-Abbadi presided over Wednesday a meeting of the Higher Committee for Reconstruction and Investment,” noting that “the Committee discussed a number of vital issues and issued the necessary decisions thereon.”
He added that “in the development of the port of Faw, it is decided to entrust the General Secretariat of the Council of Ministers under the direction of the Ministry of Transport to abide by the decisions of the Council of Ministers with regard to the completion of the implementation of the project of the port of Faw by investing exclusively.
“The committee decided to prepare a study to establish schools with 3000 different absorption cards according to need and in all governorates, using the specialized local and foreign design centers to develop the specifications and full details in preparation for the announcement in coordination with the concerned authorities.”
He added that “to proceed with the investment of central markets decided to establish the National Investment Commission to grant the investment license for DAMAC as projects to develop and implement centers of commercial markets in accordance with the approved regulations”
He pointed out that “within the accelerated plan to invest the South Gas, the Higher Committee for Reconstruction and Investment approved in principle the implementation of the three projects contained in the plan submitted by the Ministry of Oil to absorb gas accompanying to provide a detailed comparative explanation at the next meeting of the Committee.”

Leave A Reply