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From here begins the road to open the doors to large investments
on: Sunday 1/25/2015 4:28
Interviewed - Sami Hattab Gazan spoken bitterly which show extreme regret at what investment constraints finds funded without realizing than: satisfaction that lost the Ministry of Finance 18 billion eight hundred million dollars of Basra and deprive them of the money that they will have what is published from big ambitions. did not I realize at first what he meant this much money and I asked myself how financial Basra deprived of it, you Aqttath of its stake in the giant wealth? I said that the share of Basra did not become one day the most of what we know and do not exceed in the best cases, the four billion dollars. Did not wait Muzaffar me to find the answer to either exciting questions to myself, he said, does not take you puzzling These funds are McKenna expect from investments prevented the Ministry of Finance without deems Basra in projects carried out on its soil to transmit what it aspires Albesrion of new life in every area and continue Muzaffar Speaking says: that the issue of the budget of important topics related to the individual Basra directly, after the drop in oil price in recent big shortfall in the federal budget reflected the value of investment authorities in the provinces in general, or of Basra, especially because of its privileges and professional in their work to help dissolve the part of this crisis. Within the pursuit of BIC economic development of the province with its plan for the year 2015 as the main factor investment, which controls the rate of economic growth on the one hand, and in quantity, and how this growth on the other hand, as well as the spread of the culture of investment in the surrounding countries and competition happening in attracting capital can explain the role of the body Basra Investment and Hmath in development through the following:
1. The increase in volume of foreign investments that could lead to increased economic growth rate by increasing the value-added and job creation for the operation of labor and training as the investing companies are using individuals are highly skilled and could transfer these skills and expertise to Basra and therefore, this process can serve the economy by raising growth rates and this part of the vision of the RTA to resolve the lack of Alodafah grades approved in the federal budget.
2. Works foreign investment to stimulate local businessmen and activating the role of the private sector as long as the foreign investment represents additions directly to capital accumulation inside Basra by increasing the number and the value and volume of joint projects in the various halls such as tourism, trade and industry, which makes up even a portion of the government's lack of ability to develop projects directly from the federal budget and increases the strength of the local economy.
3. contributes to foreign investment, attracting hard currency to Basra, as well as contribute to attracting modern technology and this process can not occur without foreign direct investment, which leads to the local currency stability and an increase in both the level of income and skills of the workforce. After striking successes encountered by the Investment Authority over the past year in 2014 so that awarded 36 vacation investment by foreign capital reached 60% is no secret to many difficulties in its bureaucracy followed by the departments related to the state and the lack of cooperation, where the Investment Authority granted investment projects at a cost of 18 billion and $ 100 million on the investment opportunities under the Ministry of Finance, but The ministry has not ratified the rents those opportunities did not sign contracts with investors, as opposed to all laws and regulations in spite of the large number of correspondences and recommendations from the top as well as there are many investment licenses granted opportunities exploited by a subsidiary to each of the Municipality of Basra Directorate and the Directorate of municipalities, but because of the correspondences The local government, which instructed the related departments to stop the approved projects have been disabled contracted investors with the owners and assuming the implementation of investment projects.
In conclusion, it must be pointed to the directives of the Prime Minister, Dr. Haider Abadi during a meeting in the province of Basra, in the presence of a number of ministers, governors and heads of provincial councils on 12.29.2014 and its emphasis on the importance of investment and the need for all related institutions are collaborating to facilitate the procedures for investors because they are the road to economic advancement.
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on: Sunday 1/25/2015 4:28
Interviewed - Sami Hattab Gazan spoken bitterly which show extreme regret at what investment constraints finds funded without realizing than: satisfaction that lost the Ministry of Finance 18 billion eight hundred million dollars of Basra and deprive them of the money that they will have what is published from big ambitions. did not I realize at first what he meant this much money and I asked myself how financial Basra deprived of it, you Aqttath of its stake in the giant wealth? I said that the share of Basra did not become one day the most of what we know and do not exceed in the best cases, the four billion dollars. Did not wait Muzaffar me to find the answer to either exciting questions to myself, he said, does not take you puzzling These funds are McKenna expect from investments prevented the Ministry of Finance without deems Basra in projects carried out on its soil to transmit what it aspires Albesrion of new life in every area and continue Muzaffar Speaking says: that the issue of the budget of important topics related to the individual Basra directly, after the drop in oil price in recent big shortfall in the federal budget reflected the value of investment authorities in the provinces in general, or of Basra, especially because of its privileges and professional in their work to help dissolve the part of this crisis. Within the pursuit of BIC economic development of the province with its plan for the year 2015 as the main factor investment, which controls the rate of economic growth on the one hand, and in quantity, and how this growth on the other hand, as well as the spread of the culture of investment in the surrounding countries and competition happening in attracting capital can explain the role of the body Basra Investment and Hmath in development through the following:
1. The increase in volume of foreign investments that could lead to increased economic growth rate by increasing the value-added and job creation for the operation of labor and training as the investing companies are using individuals are highly skilled and could transfer these skills and expertise to Basra and therefore, this process can serve the economy by raising growth rates and this part of the vision of the RTA to resolve the lack of Alodafah grades approved in the federal budget.
2. Works foreign investment to stimulate local businessmen and activating the role of the private sector as long as the foreign investment represents additions directly to capital accumulation inside Basra by increasing the number and the value and volume of joint projects in the various halls such as tourism, trade and industry, which makes up even a portion of the government's lack of ability to develop projects directly from the federal budget and increases the strength of the local economy.
3. contributes to foreign investment, attracting hard currency to Basra, as well as contribute to attracting modern technology and this process can not occur without foreign direct investment, which leads to the local currency stability and an increase in both the level of income and skills of the workforce. After striking successes encountered by the Investment Authority over the past year in 2014 so that awarded 36 vacation investment by foreign capital reached 60% is no secret to many difficulties in its bureaucracy followed by the departments related to the state and the lack of cooperation, where the Investment Authority granted investment projects at a cost of 18 billion and $ 100 million on the investment opportunities under the Ministry of Finance, but The ministry has not ratified the rents those opportunities did not sign contracts with investors, as opposed to all laws and regulations in spite of the large number of correspondences and recommendations from the top as well as there are many investment licenses granted opportunities exploited by a subsidiary to each of the Municipality of Basra Directorate and the Directorate of municipalities, but because of the correspondences The local government, which instructed the related departments to stop the approved projects have been disabled contracted investors with the owners and assuming the implementation of investment projects.
In conclusion, it must be pointed to the directives of the Prime Minister, Dr. Haider Abadi during a meeting in the province of Basra, in the presence of a number of ministers, governors and heads of provincial councils on 12.29.2014 and its emphasis on the importance of investment and the need for all related institutions are collaborating to facilitate the procedures for investors because they are the road to economic advancement.
[You must be registered and logged in to see this link.]
