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11.21.2011 | (Voice of Iraq) - Add comments - Sumerian News / Baghdad waved Iraqi Prime Minister Nuri al-Maliki, on Monday, an amendment to the third law of investment in order to be consistent with the movement of reconstruction and construction taking place in Iraq. A statement issued by Maliki's office today and received the "Sumerian News" copy of it, that "the last stressed during his meeting with officials and businessmen the Japanese in Tokyo, where he is visiting now, the most prominent officials in companies Hitachi and Jeix and Sumotimo and the President of the Japan Cooperation Center for Middle East, the" government's commitment to ensuring the rights of companies by the law investment that has been modified twice. " did not rule out the prime minister that "the amended law a third time to bring it in line with the movement of construction and reconstruction taking place in the country," the statement said. Maliki called the Japanese companies to "accelerate the implementation of investment projects and contribute to the process of reconstruction and construction," explaining "The opportunities for investment and development process in which we work on the move in Iraq accommodate all the activities of Japanese companies with specialties and different experiences and diverse, which has Basma good and solid in the country." The Chairman of the Iraqi government to "Iraq missed a lot of time and money and wealth on wars and destruction did not are paying attention to the suffering of the people and their services. " On the other hand, the statement quoted by the heads of Japanese companies, saying that "big business and even small in Japan assembled that Iraq represents a promising market and wide and very important, as many companies recently opened offices in Baghdad to keep up with the movement of work and completion of projects, "adding that" officials of a number of Japanese companies have expressed their intention to train more Iraqi expertise in Japan and Iraq. " He left the Iraqi Prime Minister Nuri al-Maliki, in the November 19, 2011, to Japan at the head of official delegation including the ministers of transport Hadi Farhan al-Amiri and Industry Ahmed Nasser Karbouli oil and Abdul Karim and coffee and the President of the National Investment Commission Sami Raouf al-Araji, the head of the advisers Thamer Abbas Ghadban and media advisor to Prime Minister Ali al-Musawi, to discuss ways to develop mutual relations and raise the level of cooperation in all fields, particularly economic, in the three-day visit. referred to al-Maliki called, in the November 17, 2011, Japanese companies to intensify its presence in Iraq, stressing the need to raise the level of political and diplomatic cooperation between the two countries. The Iraqi government announced, on February 7, 2011, that Japanese companies had expressed willingness to open offices in Iraq preparation for implementation of investment projects, noting that it will form a joint committee to expand the cooperation in the fields of oil and gas and construction, while stressing the Assistant Minister of Foreign Affairs of Japan on the importance of supporting trade and investment relations with Iraq. acknowledged the Iraqi Council of Representatives, in October 2006, the investment law, which was said in then it will open the doors wide open to foreign investment, due to introducing a lot of facilities to foreign investors, many foreign companies are still hesitant because of fears that the security situation 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, in each of privileges with the exception of real estate ownership, as can a foreign investor to rent the land for 50 years, renewable, according to paragraph 11 of the Investment Law. It is incumbent upon investors to submit their projects for the National Commission for Investment or the Investment Commission of the region or province, for the investment licenses, and can apply for investment license to the "single-window service" developed by the National Investment Commission, and authorized to inform the final decision of the investor within 45 days, to eliminate administrative red tape in granting investment license.
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