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Council Baghdad: indispensable investment projects at the present time
04/19/2015
BAGHDAD
The Commission on Economy parliamentary, on Saturday, the House of Representatives agreed to pass the amendments to the investment law, while noting that the law provides the land and ensures investors security, the Baghdad Provincial Council called for the need to state the direction of the investment projects because of the economic crisis faced by the country.
The Commission said the economy and investment parliamentary member olive-Dulaimi "long", "The committee has completed economy amendments pertaining to the investment law in 2006 and will provide for the Presidency in order to vote and passed soon."
Dulaimi added that "all the political blocs agreed on the importance of investing in the present time, especially after the drop in oil prices and the market affected by the economic crisis," asserting that "investors are suffering a lot because of the enactment of the law."
She noted a member of the Alliance of Iraqi forces to be "agreed on most of the adjustments made to the investment law, the House of Representatives," pointing out that "the new legislation gave great importance to the land grant that pays tribute to the projects, as well as provide all investors need in terms of security and other matters." .
For his part, Abdul Redha Lway vice president of investment Dhi Qar province of Staff, said in an interview for the "long" that "conservative suffers greatly in obtaining administrative approval for the land for the establishment of investment projects," noting that "the province has a lot of proposals to activate the investment role, but Upon arrival to the final leg of the project stands hindrance ground and fails implemented such a time. "
He also added that "the political problems that have occurred in Dhi Qar recently also weighed on resolving the outstanding problems in the field of investment," noting that "the local government has a tendency to this sector, which will contribute to the revitalization of the economy in the province."
He Lway to "address the federal government to facilitate things get pieces of land, as well as facilitate the entry of investors."
In turn, said chairman of the energy committee in the Baghdad Provincial Council Saad al-Darraji, "long", that "the Commission has developed several investment projects in the areas of energy and electricity, it was agreed that the work is focused on investing basis," noting that "the obstacles facing The local government has made it difficult to set up investment projects and it concentrated the security aspect, in addition to not accept the idea of investment. "
And download Darraji "federal and local government responsible for the delay in investment capital, Baghdad, is in dire need of different projects," noting that "everyone realized that the indispensable investment in the moment after the economic crisis."
Parliamentary Finance Committee announced earlier, for developing strategic plan for 15 years, aims to support and encourage the investment of foreign investors, which strengthened in the World Bank expressed its readiness to support Iraq and assist in the implementation of service projects.
The committee member said Masood Haider in a press statement that "the federal government has a plan on investment with the National Investment Commission, as a conference was held in the last period and the development of strategic plan for 15 years in several stages, related legislation and try to remove legal obstacles to investment and the fight against corruption and to encourage investors foreigners ".
He explained that "access to the visions suitable for the success of the private sector, must begin with simple steps, for example in the electricity sector, it is possible to rely on the private sector to provide electricity to the citizens and we have a successful experience in the Kurdistan region thus make the citizen pays the fees imposed on him."
He said Haider "must also restructure a lot of factories and subsidiaries of the public sector, and encourage the private sector, which leads to the creation of job opportunities and removes the burden on the federal government and the state budget."
The Commission on the economy and investment representative, (25 March 2015), to amend the investment law will be in the service of investors, and the elimination of routine in the country dealing with investors circles.
The Vice-Chairman of the Committee Harith Al-Harthy, "The committee held met through a conference of Iraqi investors, and the Arabs, and foreigners, and has through the study of their problems and we have to amend the Investment Law No. 13 of 2006 and amending paragraphs, and we started making the law in investor service and meet the needs and stand on its problems, especially those the granting of the license, and the land, the killer and red tape. "
"We are working to revitalize the industrial sectors, commercial, tourist, and prejudice that have contact with our Committee and the Finance Committee, and we are working on a host bodies and cooperation to advance the completion of the transaction."
Al Harthy, pointed out that "routine in the state departments causing delay the issuance of investment licenses, as well as the lack of proper economic policy, which would last the economy and economic development, the private sector, Shell fully", adding that "the central in the management of state institutions Affairs, cause delays and disruption. "
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04/19/2015
BAGHDAD
The Commission on Economy parliamentary, on Saturday, the House of Representatives agreed to pass the amendments to the investment law, while noting that the law provides the land and ensures investors security, the Baghdad Provincial Council called for the need to state the direction of the investment projects because of the economic crisis faced by the country.
The Commission said the economy and investment parliamentary member olive-Dulaimi "long", "The committee has completed economy amendments pertaining to the investment law in 2006 and will provide for the Presidency in order to vote and passed soon."
Dulaimi added that "all the political blocs agreed on the importance of investing in the present time, especially after the drop in oil prices and the market affected by the economic crisis," asserting that "investors are suffering a lot because of the enactment of the law."
She noted a member of the Alliance of Iraqi forces to be "agreed on most of the adjustments made to the investment law, the House of Representatives," pointing out that "the new legislation gave great importance to the land grant that pays tribute to the projects, as well as provide all investors need in terms of security and other matters." .
For his part, Abdul Redha Lway vice president of investment Dhi Qar province of Staff, said in an interview for the "long" that "conservative suffers greatly in obtaining administrative approval for the land for the establishment of investment projects," noting that "the province has a lot of proposals to activate the investment role, but Upon arrival to the final leg of the project stands hindrance ground and fails implemented such a time. "
He also added that "the political problems that have occurred in Dhi Qar recently also weighed on resolving the outstanding problems in the field of investment," noting that "the local government has a tendency to this sector, which will contribute to the revitalization of the economy in the province."
He Lway to "address the federal government to facilitate things get pieces of land, as well as facilitate the entry of investors."
In turn, said chairman of the energy committee in the Baghdad Provincial Council Saad al-Darraji, "long", that "the Commission has developed several investment projects in the areas of energy and electricity, it was agreed that the work is focused on investing basis," noting that "the obstacles facing The local government has made it difficult to set up investment projects and it concentrated the security aspect, in addition to not accept the idea of investment. "
And download Darraji "federal and local government responsible for the delay in investment capital, Baghdad, is in dire need of different projects," noting that "everyone realized that the indispensable investment in the moment after the economic crisis."
Parliamentary Finance Committee announced earlier, for developing strategic plan for 15 years, aims to support and encourage the investment of foreign investors, which strengthened in the World Bank expressed its readiness to support Iraq and assist in the implementation of service projects.
The committee member said Masood Haider in a press statement that "the federal government has a plan on investment with the National Investment Commission, as a conference was held in the last period and the development of strategic plan for 15 years in several stages, related legislation and try to remove legal obstacles to investment and the fight against corruption and to encourage investors foreigners ".
He explained that "access to the visions suitable for the success of the private sector, must begin with simple steps, for example in the electricity sector, it is possible to rely on the private sector to provide electricity to the citizens and we have a successful experience in the Kurdistan region thus make the citizen pays the fees imposed on him."
He said Haider "must also restructure a lot of factories and subsidiaries of the public sector, and encourage the private sector, which leads to the creation of job opportunities and removes the burden on the federal government and the state budget."
The Commission on the economy and investment representative, (25 March 2015), to amend the investment law will be in the service of investors, and the elimination of routine in the country dealing with investors circles.
The Vice-Chairman of the Committee Harith Al-Harthy, "The committee held met through a conference of Iraqi investors, and the Arabs, and foreigners, and has through the study of their problems and we have to amend the Investment Law No. 13 of 2006 and amending paragraphs, and we started making the law in investor service and meet the needs and stand on its problems, especially those the granting of the license, and the land, the killer and red tape. "
"We are working to revitalize the industrial sectors, commercial, tourist, and prejudice that have contact with our Committee and the Finance Committee, and we are working on a host bodies and cooperation to advance the completion of the transaction."
Al Harthy, pointed out that "routine in the state departments causing delay the issuance of investment licenses, as well as the lack of proper economic policy, which would last the economy and economic development, the private sector, Shell fully", adding that "the central in the management of state institutions Affairs, cause delays and disruption. "
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