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Baghdad Investment: 325 license investment for this year, mostly because of the red tape is turned off
Sunday 13 September 2015
Baghdad Investment Authority revealed on Sunday announced the launch of this year, 325 investment license, is dependent mostly because of administrative red tape, emphasizing the follow-up of projects and achieve success in the other.
The head of the Shaker Zamili told the "Ply News", that "the Commission granted about 325 investment license for various projects during the current year," noting that "the Commission in proceedings did not take long with the investor within the legal contexts, but delays in the projects be due to red tape in other departments. "
Zamili added that "of the main obstacles is the land grant or approval of the designs or perhaps there is no override on the ground not to mention other routine procedures in the various departments, which are the reason for the delay."
Zamili and stressed that "the new law to invest No. 13 of 2006, the rate at which it is now in the corridors of parliament prepared to vote, will add to the vitality of the file and enables investors to deal with the freedom of investment file and more powerful because of the presence of the paragraphs of the investment."
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Sunday 13 September 2015
Baghdad Investment Authority revealed on Sunday announced the launch of this year, 325 investment license, is dependent mostly because of administrative red tape, emphasizing the follow-up of projects and achieve success in the other.
The head of the Shaker Zamili told the "Ply News", that "the Commission granted about 325 investment license for various projects during the current year," noting that "the Commission in proceedings did not take long with the investor within the legal contexts, but delays in the projects be due to red tape in other departments. "
Zamili added that "of the main obstacles is the land grant or approval of the designs or perhaps there is no override on the ground not to mention other routine procedures in the various departments, which are the reason for the delay."
Zamili and stressed that "the new law to invest No. 13 of 2006, the rate at which it is now in the corridors of parliament prepared to vote, will add to the vitality of the file and enables investors to deal with the freedom of investment file and more powerful because of the presence of the paragraphs of the investment."
[You must be registered and logged in to see this link.]
