NIC’s New Investment Software

The National Investment Commission (NIC) is getting ready to adopt the ‘COMFAR’ computer program to evaluate the feasibility of investment projects submitted to the commission.  The commission describes it as a “digital process that is adopted in most of the developed countries”.

An NIC official source said that this program is prepared by the United Nations Industrial Development Organization (UNIDO) in order to help in evaluating the feasibility of investment projects through inserting information, data and numbers for each study in to the program to get punctual results on economic and financial levels to be studied by concerned officials, the official source referred that a specialized work team had been trained on this program and a second session will also be given next May.

The source also assured that these training courses to utilize the developed programs comes parallel with the NIC approach to build and develop the capacity of the specialized cadres and get them acquainted with the most modern methods in investment field.

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