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Baghdad Investment: We have issued more than 315 holiday since 2008 .. and delay disrupts the development projects
23/05/2015
Baghdad
Baghdad Investment Commission indicated issued nearly 315 investment license in various sectors since 2008, and as pointed out that these projects delay leads to disruption of the economic development process and delay jobs, economists called for the establishment of production plants to increase the gross domestic product of the country, and argued that the majority of investments are in the commercial aspects and not industrial.
The head of the Investment Commission of Baghdad, Shaker al-Zamili, in an interview for the "long" that "the Commission has issued nearly 315 investment license in different ones sectors, up to 72 vacation housing sector and 80 leave the trade sector and nearly 40 leave the industrial sector and 30 leave in the tourism sector, as well as granted licenses to invest in the education and health sectors. "
He added Zamili that "the body depends class basis on the investment map to determine the actual need of the projects include all sectors and the extent of the needs of Baghdad each sector, including" pointing out that "the Commission is working with designs circle in the Municipality of Baghdad because the design basis for the city Baghdad determines the nature and type of investment effectiveness. "
He pointed out that "there are conditions and requirements, according to the text of the Investment Law No. 13 of 2006 amended, determine the extent of our acceptance of the investment project, offering companies financial efficiency of an accredited bank and a feasibility study and preliminary designs and Plan of Action and in the light of these data The Authority approached the relevant authorities, which owns the land and aggregated approvals to give ground and after obtaining approvals belonging to the body of the project and presented to the Board of Directors of the Authority for approval, "noting that" the delay is due to the actions of other parties. "
He continued by saying that "the dilemma of non-we deliver a good service to the investor back to the lack of enjoyment Authority the power to land allocation, pointing out that "the imbalance is not a law and we hope that is applied fully,"
and stressed "the need to play all ministries and departments not associated with the Ministry prepares a list of territorial candidate for investment, as the law requires other duration of 15 days to answer the body and deliver the ground authorities during 30 days, but did not abide by the law, and this is the main reason for the issuance of licenses and direct problems and we have nearly 135 stalled projects due to lack of contract and delivery of the land and not to ratify procedure is complete, "attributing it to" bureaucratic procedures rampant in official circles. "
He pointed out that "this delay number of projects means delay nearly 200 thousand jobs and delay the revenues of the state and disrupt the process of development and thus the impact on jobs, "he said." The problem is not the lack of laws, but not the obligation to apply those laws. "
He pointed out that "Figures released by the Ministry of Planning for size Vacations investment inaccurate, where the report says that the Baghdad Investment Authority granted 19 vacation only, but we actually gave us 315 vacation at a cost of 14.5 billion dollars and officially Snfath ministry to amend the report. "
He continued by saying that "we have nearly 130 investment projects were handed over land her and began Labour and nearly 40 projects completed completion rates of 100%, especially in the commercial and industrial aspects. "
And the weakness of industrial investment between Zamili that "the conditions for the satellites are preventing the entry of industrial investments, you must first apply a number of important laws that help industrial production, such as the Consumer Protection and the law of the local product protection and tax law and customs, as well as poor infrastructure and problems in the provision of electric power and the cost of high fuel are all factors that weakened competition from local products with imported goods, "pointing out that" the problem of economic environment of the country. "
Furthermore, said economic expert , on behalf of Anton, in an interview for the "long" that "Iraq needs investment in the productive sectors of industrial, agricultural and tourism sectors such as, but the problem is that the majority of commercial investment does not add to the economy little."
He noted that "there is a difference between granting the license and start working, where gave us a lot of vacations actually but it did not begin to work, and that many of them are unemployed, it is just vacations and are not at the required level, "calling for" activating the industrial and agricultural investments that lead to lay off large imports and operates labor. "
He pointed out that "the establishment of production plants will increase the GDP, and lead to the reduction of unemployment and transform individuals from consumers to producers and dispensing large imports come from abroad, as well as reliance on local raw materials which adds to the gross domestic product and refreshes Alaguetsalad and thus reduces the rates of poverty. "
He pointed to the existence of "a lot obstacles to industrial investments, as the legal environment still unprepared as required despite the hard work by the
Office of the Prime Minister and team work in this context, but still we have a lot of problems related to issues of security for workers and problems in the Registrar of Companies and the income tax and the banking system and insurance, as well as security problems experienced by the country. "
The Ministry of Planning has announced, (17 May 2015), that the number of licenses granted since 2008 until the end of last year amounted to (1067) vacation investment cost of $ (53.9) billion, broken down by sectors that share Baghdad were 19 investment license.
announced Baghdad Investment Authority, in (January 24, 2014) for the assignment of "four huge housing projects being worked out will contribute to the solution part of the deficit in the housing sector in the capital, and indicated that it" will provide 270 thousand housing units for about a million people in 2020, "while demanding" to activate the housing projects and low cost. "
He acknowledged the parliament, in October of 2006, the investment that it was said at the time that it would open the doors to foreign investment because of presenting a lot of facilities to foreign investors and equated the law Iraqi and foreign investors in all privileges except owns the property the project text in paragraph 11 as a foreign investor can lease the land for 50 years, subject to renewal, but he is not entitled to possession.
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23/05/2015
Baghdad
Baghdad Investment Commission indicated issued nearly 315 investment license in various sectors since 2008, and as pointed out that these projects delay leads to disruption of the economic development process and delay jobs, economists called for the establishment of production plants to increase the gross domestic product of the country, and argued that the majority of investments are in the commercial aspects and not industrial.
The head of the Investment Commission of Baghdad, Shaker al-Zamili, in an interview for the "long" that "the Commission has issued nearly 315 investment license in different ones sectors, up to 72 vacation housing sector and 80 leave the trade sector and nearly 40 leave the industrial sector and 30 leave in the tourism sector, as well as granted licenses to invest in the education and health sectors. "
He added Zamili that "the body depends class basis on the investment map to determine the actual need of the projects include all sectors and the extent of the needs of Baghdad each sector, including" pointing out that "the Commission is working with designs circle in the Municipality of Baghdad because the design basis for the city Baghdad determines the nature and type of investment effectiveness. "
He pointed out that "there are conditions and requirements, according to the text of the Investment Law No. 13 of 2006 amended, determine the extent of our acceptance of the investment project, offering companies financial efficiency of an accredited bank and a feasibility study and preliminary designs and Plan of Action and in the light of these data The Authority approached the relevant authorities, which owns the land and aggregated approvals to give ground and after obtaining approvals belonging to the body of the project and presented to the Board of Directors of the Authority for approval, "noting that" the delay is due to the actions of other parties. "
He continued by saying that "the dilemma of non-we deliver a good service to the investor back to the lack of enjoyment Authority the power to land allocation, pointing out that "the imbalance is not a law and we hope that is applied fully,"
and stressed "the need to play all ministries and departments not associated with the Ministry prepares a list of territorial candidate for investment, as the law requires other duration of 15 days to answer the body and deliver the ground authorities during 30 days, but did not abide by the law, and this is the main reason for the issuance of licenses and direct problems and we have nearly 135 stalled projects due to lack of contract and delivery of the land and not to ratify procedure is complete, "attributing it to" bureaucratic procedures rampant in official circles. "
He pointed out that "this delay number of projects means delay nearly 200 thousand jobs and delay the revenues of the state and disrupt the process of development and thus the impact on jobs, "he said." The problem is not the lack of laws, but not the obligation to apply those laws. "
He pointed out that "Figures released by the Ministry of Planning for size Vacations investment inaccurate, where the report says that the Baghdad Investment Authority granted 19 vacation only, but we actually gave us 315 vacation at a cost of 14.5 billion dollars and officially Snfath ministry to amend the report. "
He continued by saying that "we have nearly 130 investment projects were handed over land her and began Labour and nearly 40 projects completed completion rates of 100%, especially in the commercial and industrial aspects. "
And the weakness of industrial investment between Zamili that "the conditions for the satellites are preventing the entry of industrial investments, you must first apply a number of important laws that help industrial production, such as the Consumer Protection and the law of the local product protection and tax law and customs, as well as poor infrastructure and problems in the provision of electric power and the cost of high fuel are all factors that weakened competition from local products with imported goods, "pointing out that" the problem of economic environment of the country. "
Furthermore, said economic expert , on behalf of Anton, in an interview for the "long" that "Iraq needs investment in the productive sectors of industrial, agricultural and tourism sectors such as, but the problem is that the majority of commercial investment does not add to the economy little."
He noted that "there is a difference between granting the license and start working, where gave us a lot of vacations actually but it did not begin to work, and that many of them are unemployed, it is just vacations and are not at the required level, "calling for" activating the industrial and agricultural investments that lead to lay off large imports and operates labor. "
He pointed out that "the establishment of production plants will increase the GDP, and lead to the reduction of unemployment and transform individuals from consumers to producers and dispensing large imports come from abroad, as well as reliance on local raw materials which adds to the gross domestic product and refreshes Alaguetsalad and thus reduces the rates of poverty. "
He pointed to the existence of "a lot obstacles to industrial investments, as the legal environment still unprepared as required despite the hard work by the
Office of the Prime Minister and team work in this context, but still we have a lot of problems related to issues of security for workers and problems in the Registrar of Companies and the income tax and the banking system and insurance, as well as security problems experienced by the country. "
The Ministry of Planning has announced, (17 May 2015), that the number of licenses granted since 2008 until the end of last year amounted to (1067) vacation investment cost of $ (53.9) billion, broken down by sectors that share Baghdad were 19 investment license.
announced Baghdad Investment Authority, in (January 24, 2014) for the assignment of "four huge housing projects being worked out will contribute to the solution part of the deficit in the housing sector in the capital, and indicated that it" will provide 270 thousand housing units for about a million people in 2020, "while demanding" to activate the housing projects and low cost. "
He acknowledged the parliament, in October of 2006, the investment that it was said at the time that it would open the doors to foreign investment because of presenting a lot of facilities to foreign investors and equated the law Iraqi and foreign investors in all privileges except owns the property the project text in paragraph 11 as a foreign investor can lease the land for 50 years, subject to renewal, but he is not entitled to possession.
[You must be registered and logged in to see this link.]
