The official authority for regulating and enabling investment in Basrah Governorate
Extending the project completion period for justified reasons
A procedure explaining how an investor obtains additional time to complete a project when it cannot be finished within the prescribed timeline for reasons beyond their control, by submitting a reasoned request to the Commission, which reviews it on the basis of the completion percentage and the grounds for the delay. The procedure aims to keep projects delayed for objective reasons on track.
Target audience: Owners of licensed investment projects under implementation
A valid investment license and an existing project under implementation
The delay must be for justified reasons or force majeure beyond the investor's control
Submission of evidence supporting the reasons for the delay and the completion percentage achieved
A letter requesting additional time to complete the project
A copy of the valid investment license
A report on the project's current completion percentage, certified by an accredited consultancy office
A statement of the justified reasons for the delay, with supporting documents attached
A revised timeline for completing the project
A letter of authorization in the name of the person dealing with the Commission
The company's authorized representative submits the extension request and its attachments for referral to the Technical Section.
Verifying the completion percentage and assessing the grounds submitted for the delay.
Preparing a memorandum recommending whether or not to grant the additional time.
Issuing a decision granting additional time under a revised timeline, or taking such action as is necessary regarding the project.
The investor's obligation that the work-progress schedule match reality, with the time variance not exceeding (6) months without justification; otherwise the project is exposed to legal measures that may extend to revocation of the license.
Governs the follow-up of project implementation and the granting of additional periods.
Working Hours: During official working hours (Sunday – Thursday)
Contact the One-Stop Shop Department at the Basrah Investment Commission to ask a question or start your transaction.