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Iraq Government News > Parliament voted to amend the investment law soon
9/5/2015
{Baghdad: Euphrates News} A member of the economic and investment commission in Parliament MP proof Almamori on Saturday, that the House will soon vote on the amendment of the Investment Act, which contains a clause commits the provinces to provide infrastructure for the investor in the field of housing and others. He said Mamouri told {Euphrates News} "The housing crisis in Iraq and the large number of slums has been discussed over the last seven months, noting that" the Ministry of Construction and Housing has several some projects stalled because of the financial crisis of liquidity, there are projects under construction, and others close to completion ". He said he "was allocated five trillion Iraqi dinars, agriculture, industry and housing fund, noting that the" Housing Fund should take Aoloulih, stressing the need for attention to invest in housing as well as there are about seven giant investment projects in the provinces. "
He noted that "Parliament will soon vote on the amendment of the Investment Law in order to attract investors, especially in the housing sector, and will need to be provincial law providing infrastructure for the success of the task of the investor."
It is said that the country has been suffering for decades from the ongoing housing crisis because of rising real estate prices and construction materials led to the negative phenomena, including slums in Baghdad and the provinces and convert farmland to residential.
Parliament seeks to vote on the amendment of the Investment Law to facilitate the work of investors and direct housing and other projects.
And was a member of the board of the Presidency of the Council of Representatives, Sheikh Hamoudi, had confirmed in 6 of last August that the Second Amendment to the investment law, which reached its final stages for approval in the near future, representing a key pillar of the country's recovery and support the investment sector economy, and create an attractive environment for international companies sober .anthy m
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9/5/2015
{Baghdad: Euphrates News} A member of the economic and investment commission in Parliament MP proof Almamori on Saturday, that the House will soon vote on the amendment of the Investment Act, which contains a clause commits the provinces to provide infrastructure for the investor in the field of housing and others. He said Mamouri told {Euphrates News} "The housing crisis in Iraq and the large number of slums has been discussed over the last seven months, noting that" the Ministry of Construction and Housing has several some projects stalled because of the financial crisis of liquidity, there are projects under construction, and others close to completion ". He said he "was allocated five trillion Iraqi dinars, agriculture, industry and housing fund, noting that the" Housing Fund should take Aoloulih, stressing the need for attention to invest in housing as well as there are about seven giant investment projects in the provinces. "
He noted that "Parliament will soon vote on the amendment of the Investment Law in order to attract investors, especially in the housing sector, and will need to be provincial law providing infrastructure for the success of the task of the investor."
It is said that the country has been suffering for decades from the ongoing housing crisis because of rising real estate prices and construction materials led to the negative phenomena, including slums in Baghdad and the provinces and convert farmland to residential.
Parliament seeks to vote on the amendment of the Investment Law to facilitate the work of investors and direct housing and other projects.
And was a member of the board of the Presidency of the Council of Representatives, Sheikh Hamoudi, had confirmed in 6 of last August that the Second Amendment to the investment law, which reached its final stages for approval in the near future, representing a key pillar of the country's recovery and support the investment sector economy, and create an attractive environment for international companies sober .anthy m
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