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Investment companies in the province lagging behind in completing projects
Najaf, June 13 (AKnews) - The head of the reconstruction and investment in the province of Najaf on Monday, the reluctance of companies received for their projects by investing in the province, indicating that the negligence in the withdrawal of the permits or to issue injunctions and fines by the Investment Authority is one of the reasons that This led to the lag.
He said Amjad Shihab told the Kurdish news agency that "the subject of investment is very important and passed stages of a difficult and critical, and arrived in stages was not bad, but complementary in terms of granting leave investment and delivery of land, but direct investors and the rates of their achievement in these projects are almost non-existent except for a project or two only of all projects" .
"The province of Najaf was the first of all provinces, including Baghdad, Mosul and Basra, in terms of granting leave investment and delivery of land for investors, but the other face of assessment and is the other is that of the 64 plots of land handed over to the investor of the total leave granted to 30 projects are not direct them at all arguments invoked by the investors in spite of the land handed over a year ago. "
He said the "laxity of the Investment Authority, with investors withdrawing vacations and direct warnings and fines led to the result of reluctance to increase occurring as a result of waiting for a period of time the investor to sell investment license and access to a buyer"
He pointed out that "half Alakharmn investors they started but in a manner of fraud and deception to dig through the ground and left her and therefore, out of 34 of which more than 17 projects ranging from completion rates of 1 to 5% and the other part does not exceed 10% the percentage of completion"
He pointed out that "non-application of the decision of the provincial council No. 24 of 2010, the judge filing the investor for 10% of the value of the project Kkavaep financial infer where the efficiency and serious investor in the project as there is laxity of the province and the Investment Authority led to a success rate of 30% of the terms of granting leave and hand over territory and the other 70% so far not been achieved and is the initiation of the investor and that so far we have not made a step towards doing business "
He stressed that "the provincial council resulted in its oversight role, and issued a very important decision and the development of the investment process on track and start right through the above mentioned decision No. 24 of 2010"
And "after Antzeralcil period of time and open the way to the executive bodies of the Action Committee submitted the report of the oversight to evaluate the performance of the province and the Investment Authority, and we found that there is reluctance in the files of investment, and all the success does not represent only 30% and the 70 remaining of the initiation of investors in their lagging very"
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Najaf, June 13 (AKnews) - The head of the reconstruction and investment in the province of Najaf on Monday, the reluctance of companies received for their projects by investing in the province, indicating that the negligence in the withdrawal of the permits or to issue injunctions and fines by the Investment Authority is one of the reasons that This led to the lag.
He said Amjad Shihab told the Kurdish news agency that "the subject of investment is very important and passed stages of a difficult and critical, and arrived in stages was not bad, but complementary in terms of granting leave investment and delivery of land, but direct investors and the rates of their achievement in these projects are almost non-existent except for a project or two only of all projects" .
"The province of Najaf was the first of all provinces, including Baghdad, Mosul and Basra, in terms of granting leave investment and delivery of land for investors, but the other face of assessment and is the other is that of the 64 plots of land handed over to the investor of the total leave granted to 30 projects are not direct them at all arguments invoked by the investors in spite of the land handed over a year ago. "
He said the "laxity of the Investment Authority, with investors withdrawing vacations and direct warnings and fines led to the result of reluctance to increase occurring as a result of waiting for a period of time the investor to sell investment license and access to a buyer"
He pointed out that "half Alakharmn investors they started but in a manner of fraud and deception to dig through the ground and left her and therefore, out of 34 of which more than 17 projects ranging from completion rates of 1 to 5% and the other part does not exceed 10% the percentage of completion"
He pointed out that "non-application of the decision of the provincial council No. 24 of 2010, the judge filing the investor for 10% of the value of the project Kkavaep financial infer where the efficiency and serious investor in the project as there is laxity of the province and the Investment Authority led to a success rate of 30% of the terms of granting leave and hand over territory and the other 70% so far not been achieved and is the initiation of the investor and that so far we have not made a step towards doing business "
He stressed that "the provincial council resulted in its oversight role, and issued a very important decision and the development of the investment process on track and start right through the above mentioned decision No. 24 of 2010"
And "after Antzeralcil period of time and open the way to the executive bodies of the Action Committee submitted the report of the oversight to evaluate the performance of the province and the Investment Authority, and we found that there is reluctance in the files of investment, and all the success does not represent only 30% and the 70 remaining of the initiation of investors in their lagging very"
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