A new investment law intended to promote public land privatization runs into difficulties

A new investment law intended to promote public land privatization runs into difficulties. “The new investment law states that each ministry will appoint a representative at the investor services centre to authorize the privatization of state-owned land. However, the law does not resolve a long-standing issue: various state bodies often claim the right to the same piece of land. As a result, investments would risk being caught up in disputes between various ministries and authorities.” In addition, tax incentives included in the new law could hurt state revenues. [Economist Intelligence Unit, 15 May 2017]