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Government is committed to overcoming the obstacles to investment and Parliament calls for the formation of the leadership of construction in the governorates
4/5/2015 Baghdad
Deputy Prime Minister, Bahaa al-Araji, said on Sunday that Iraq suffered a financial crisis, not an economic, what made him find alternatives by investing, revealing take the package decisions that will promote investment and overcome the complexities facing the work force in the country's businesses and to give priority to efficient ones in futures contracts, while the investment committee called for the formation of the parliamentary leadership of construction, age and investment operations in each province, to promote the movement of the reconstruction.
The deputy prime minister, in a speech during the signing of public infrastructure project for the city of residential Basmajh ceremony at the headquarters of the board of the investment, the center of Baghdad, attended by (range Press), "The investment experience in previous years were not required level because of the complexities in the current law The conditions experienced in Iraq and the region, "adding that" the Iraqi economy is not affected by a decline in oil prices, for possession of a large stockpile of it as well as many other natural resources. "
Araji said, that "Iraq may have suffered a financial crisis, not an economic, making the government find alternatives through investment," noting that "the investment will not be just a slogan at the current stage as it was in the previous period, as there will be no complications for the investor."
The Vice Prime Minister, that the "Council of Ministers adopted important decisions two weeks concerning especially in the field of energy, including the abolition of the medical examination to workers in companies, and to facilitate the granting access attributes, and directing Iraqi embassies granting of investment companies and their employees, and exempting them from customs, and the development of investment by mechanism for investors not to delay the transaction, and the elimination of many of the obstacles that have hampered their work in previous years. "
He said al-Araji, that "the government will conduct an evaluation of investment companies operating in Iraq and give priority to efficient ones in futures contracts, particularly the South Korean company languishing."
For his part, Chairman of the Committee of Economy and parliamentary investment, Jawad al-Bolani called in a speech during the ceremony, to the "leadership of the building, reconstruction and investment operations in every province of the establishment, be similar to the lead in security operations, which succeeded in formation with varying competence of each one."
He called al-Bolani, the Council of Ministers to "adopt this proposal in order to ensure the seriousness of the work in the provinces," returned to "the Iraqis must succeed in the reconstruction and investment, as they did in the fight against terrorism."
The head of the Commission of Economy and parliamentary investment, keenness of the committee to "expand recreational projects and places of interest to people, and provide some of the goods that belong to well-being and civic life in general," and urged the board of investment and company languishing Korean necessity of "planning to set up a factory for waste treatment and recycling in residential Basmajh, and improve the environmental situation in which to be a springboard to create awareness and environmental education in Iraq. "
The board of the National Investment signed earlier in the day Sunday, holding the infrastructure project in the city of residential Basmajh languishing with executing the project company.
The Committee on the economy and parliamentary investment called for in (the 29th of March 2015), to support investment and securing the appropriate atmosphere to him as "wealth comparable to the" oil, and demanded that Baghdad Secretariat of the investment in the environment, while confirmed the board of investment of Baghdad, the government began worthwhile to invest seriously after that The "eyes closed" as a result of his ownership of the funds "huge" previously, showed that investment projects can provide one million jobs in the capital.
The House of Representatives passed in October of 2006, the Iraqi investment law, which it was said at the time that it would open the doors wide the front of foreign investment, due to submit a lot of facilities to foreign investors, but that many foreign companies are still hesitant because of fears of Indeed, security is stable in Iraq, adding that the law did not give investors the right to ownership of the property the project, and equated the Iraqi investors and foreign investment in each of privileges, with the exception of real estate ownership, as can the foreign investor of the lease the land for 50 years, subject to renewal, according to paragraph 11 of the investment law.
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4/5/2015 Baghdad
Deputy Prime Minister, Bahaa al-Araji, said on Sunday that Iraq suffered a financial crisis, not an economic, what made him find alternatives by investing, revealing take the package decisions that will promote investment and overcome the complexities facing the work force in the country's businesses and to give priority to efficient ones in futures contracts, while the investment committee called for the formation of the parliamentary leadership of construction, age and investment operations in each province, to promote the movement of the reconstruction.
The deputy prime minister, in a speech during the signing of public infrastructure project for the city of residential Basmajh ceremony at the headquarters of the board of the investment, the center of Baghdad, attended by (range Press), "The investment experience in previous years were not required level because of the complexities in the current law The conditions experienced in Iraq and the region, "adding that" the Iraqi economy is not affected by a decline in oil prices, for possession of a large stockpile of it as well as many other natural resources. "
Araji said, that "Iraq may have suffered a financial crisis, not an economic, making the government find alternatives through investment," noting that "the investment will not be just a slogan at the current stage as it was in the previous period, as there will be no complications for the investor."
The Vice Prime Minister, that the "Council of Ministers adopted important decisions two weeks concerning especially in the field of energy, including the abolition of the medical examination to workers in companies, and to facilitate the granting access attributes, and directing Iraqi embassies granting of investment companies and their employees, and exempting them from customs, and the development of investment by mechanism for investors not to delay the transaction, and the elimination of many of the obstacles that have hampered their work in previous years. "
He said al-Araji, that "the government will conduct an evaluation of investment companies operating in Iraq and give priority to efficient ones in futures contracts, particularly the South Korean company languishing."
For his part, Chairman of the Committee of Economy and parliamentary investment, Jawad al-Bolani called in a speech during the ceremony, to the "leadership of the building, reconstruction and investment operations in every province of the establishment, be similar to the lead in security operations, which succeeded in formation with varying competence of each one."
He called al-Bolani, the Council of Ministers to "adopt this proposal in order to ensure the seriousness of the work in the provinces," returned to "the Iraqis must succeed in the reconstruction and investment, as they did in the fight against terrorism."
The head of the Commission of Economy and parliamentary investment, keenness of the committee to "expand recreational projects and places of interest to people, and provide some of the goods that belong to well-being and civic life in general," and urged the board of investment and company languishing Korean necessity of "planning to set up a factory for waste treatment and recycling in residential Basmajh, and improve the environmental situation in which to be a springboard to create awareness and environmental education in Iraq. "
The board of the National Investment signed earlier in the day Sunday, holding the infrastructure project in the city of residential Basmajh languishing with executing the project company.
The Committee on the economy and parliamentary investment called for in (the 29th of March 2015), to support investment and securing the appropriate atmosphere to him as "wealth comparable to the" oil, and demanded that Baghdad Secretariat of the investment in the environment, while confirmed the board of investment of Baghdad, the government began worthwhile to invest seriously after that The "eyes closed" as a result of his ownership of the funds "huge" previously, showed that investment projects can provide one million jobs in the capital.
The House of Representatives passed in October of 2006, the Iraqi investment law, which it was said at the time that it would open the doors wide the front of foreign investment, due to submit a lot of facilities to foreign investors, but that many foreign companies are still hesitant because of fears of Indeed, security is stable in Iraq, adding that the law did not give investors the right to ownership of the property the project, and equated the Iraqi investors and foreign investment in each of privileges, with the exception of real estate ownership, as can the foreign investor of the lease the land for 50 years, subject to renewal, according to paragraph 11 of the investment law.
[You must be registered and logged in to see this link.]
