We are pleased to announce publishing our Construction report for the year 2022 in Iraq by Lexology
Under the Iraqi Investment Code No. 13 of 2006 and the Regulations of Investment No. 2 of 2009 (as amended), Iraqi or foreign investors enjoy all benefits, facilities and warranties granted under the preceding code. In practice, in Iraq, preference between local and foreign contractors is based on some factors, including but not limited to, the incorporation date of the entity; history of successful works; being specialised in the field of work; and the offered prices. In this respect, note that the Regulations of Governmental Contracts Implementation No. 2 of 2014 stipulates that the assessment of contractors is based on the legal, technical and financial qualifications of each bidder. The project owner forms a professional committee to assess the tenderers and following the pre-qualification requirements for each tender or project on a case-by-case basis.
AL HADEEL AL HASAN LLC. for Attorneyship, Legal Consultancies & Services
- published in Lexology GTDT: Construction 2022. For further information, please visit https://www.lexology.com/gtdt/workareas/construction
- Reproduced with permission from Law Business Research Ltd.