Iraqi Company for Contracts for Land Reclamation (Law No. 116 of 1981).

There shall be established the Iraqi Company for Contracts of Land Reclamation under the Council of Ministers. The Company shall execute projects on land reclamation and operate as a contractor in this field. The Company shall have legal personality, financial and administrative independence and full legal competence to carry out its functions inside or outside Iraq (art. 1). Properties of the Company shall be considered "State domains" (art. 7). It seems that the Company may sell or lease reclaimed lands (please see art. 2, comma 1). The Company shall have as executive organ a Board of Directors and the President of the Company shall be its supreme Head. (12 articles).