Yasser S. M. The Legal Concept of Strategic Investment Projects

Abstract

Strategic investment projects are a group of activities and operations of an investment nature in accordance with a plan announced by the National Investment Commission through carrying out strategic projects in one of the investment sectors to integrate production elements and encourage and organize investments of national and foreign capital with the aim of producing goods and services and obtaining financial and non-financial returns during a specific period of time. Investment projects aim to improve the investment climate, establish productive and distinguished projects, and devote and promote what is known as the strategic project culture, considering that it directs the elements of investment and the ability of companies and institutions to compete and grow in the future, which also affects their performance, then stating investment guarantees to encourage the Iraqi and foreign private sector to invest in strategic projects according to the legal and commercial concept. It is permissible to agree with the investors in these projects to resort to commercial arbitration (national or international) in accordance with an agreement concluded between the two parties that specifies the arbitration procedures