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Shaways: former laws hinder investment
The morning new economic affairs February 4TH, 2015
Baghdad Suha al:
Deputy Prime Minister Nouri shawis, said Wednesday, that there are many obstacles that stood in front of investment in Iraq and highlighted the lack of infrastructure and deteriorating security bureaucratic cooperation with investors, with Deputy Prime Minister said Bahaa Al-araji said the investment in Iraq's recent experience, we have overcome all the obstacles it faces.
Shaways said at the first International Conference of the Investment Committee of the parliamentary economy in Baghdad and was attended by "new morning", that "do not invest in Iraq without electric power».
Shaways said the "continuation of laws and a bureaucracy, poor infrastructure, in addition to the problems of land allocation for investors, as well as the banks and investors with an administrative and financial corruption in Iraq, a weak deterrent measures to date, the most important obstacles in the investment process in the country".
Shaways said the quota system had a negative effect on the investment sites to start and the absence of weak investment in the country's culture, society and State institutions, in addition to the lack of clear strategies and policies of the State in development and Majali and other».
The «do comprehensive economic revival require investment climate supported by legislation and regulations, in addition to the collaboration of the Executive and legislative branches in this area and to repeal all laws that oppose invest», noting "the need to fight against bureaucracy and red tape."
Shaways was to say, "most major processors is providing infrastructure investment and saving energy, plus security and put an end to the activities of armed groups engaged in murder, kidnapping. ''
Of the Deputy Prime Minister, said Bahaa Al-araji, during the Conference, "investing in Iraq with the present is not only a need but an urgent necessity», the «investment in Iraq's recent experience, we have overcome all obstacles facing it».
Araji said that article 15 of the budget law refer to the granting of powers to the provinces for contracting with private sector», pointing out that "large States seeking to invest in Iraq despite the security conditions".
The national investment Commission Chief Sami Al-araji, the Commission has awarded 1035 vacation investment, as the single window to leave investment had not been implemented.
Al-araji said at the Conference that the Agency has prepared a map of investment in 2009 and amounts ranged from $ 400 billion after adjustment for investment law 2006», the «what we have achieved. "
Araji said that "though it has awarded 1035 leave», that «one window in the law, which was supposed to issue investment license in 45 days have not been implemented and did not take their range».
He said Iraq's economy remains central "despite steps to shift towards a market economy, at a time when the global companies in the country."
Investors must submit their projects to the National Commission for investment, or investment region, or province, to obtain investment licenses, and they can apply the investment license to «one stop shop» service, developed by the national investment Commission, authorized to inform the investor the decision final authority within 45 days of the order granting leave administrative routine investment.
The investment budget of Baha Al-araji, Iraq economy
Overview of the new morning
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The morning new economic affairs February 4TH, 2015
Baghdad Suha al:
Deputy Prime Minister Nouri shawis, said Wednesday, that there are many obstacles that stood in front of investment in Iraq and highlighted the lack of infrastructure and deteriorating security bureaucratic cooperation with investors, with Deputy Prime Minister said Bahaa Al-araji said the investment in Iraq's recent experience, we have overcome all the obstacles it faces.
Shaways said at the first International Conference of the Investment Committee of the parliamentary economy in Baghdad and was attended by "new morning", that "do not invest in Iraq without electric power».
Shaways said the "continuation of laws and a bureaucracy, poor infrastructure, in addition to the problems of land allocation for investors, as well as the banks and investors with an administrative and financial corruption in Iraq, a weak deterrent measures to date, the most important obstacles in the investment process in the country".
Shaways said the quota system had a negative effect on the investment sites to start and the absence of weak investment in the country's culture, society and State institutions, in addition to the lack of clear strategies and policies of the State in development and Majali and other».
The «do comprehensive economic revival require investment climate supported by legislation and regulations, in addition to the collaboration of the Executive and legislative branches in this area and to repeal all laws that oppose invest», noting "the need to fight against bureaucracy and red tape."
Shaways was to say, "most major processors is providing infrastructure investment and saving energy, plus security and put an end to the activities of armed groups engaged in murder, kidnapping. ''
Of the Deputy Prime Minister, said Bahaa Al-araji, during the Conference, "investing in Iraq with the present is not only a need but an urgent necessity», the «investment in Iraq's recent experience, we have overcome all obstacles facing it».
Araji said that article 15 of the budget law refer to the granting of powers to the provinces for contracting with private sector», pointing out that "large States seeking to invest in Iraq despite the security conditions".
The national investment Commission Chief Sami Al-araji, the Commission has awarded 1035 vacation investment, as the single window to leave investment had not been implemented.
Al-araji said at the Conference that the Agency has prepared a map of investment in 2009 and amounts ranged from $ 400 billion after adjustment for investment law 2006», the «what we have achieved. "
Araji said that "though it has awarded 1035 leave», that «one window in the law, which was supposed to issue investment license in 45 days have not been implemented and did not take their range».
He said Iraq's economy remains central "despite steps to shift towards a market economy, at a time when the global companies in the country."
Investors must submit their projects to the National Commission for investment, or investment region, or province, to obtain investment licenses, and they can apply the investment license to «one stop shop» service, developed by the national investment Commission, authorized to inform the investor the decision final authority within 45 days of the order granting leave administrative routine investment.
The investment budget of Baha Al-araji, Iraq economy
Overview of the new morning
[You must be registered and logged in to see this link.]
