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Basra Investment: Some government departments with a view to impede investment operations or otherwise
12.30.2011 | (Voice of Iraq) - Add comments - Basra - Haidar Musawi detection chairman of BIC today, Friday, that a number of ministries and state departments impede the success of investment operations deliberately or otherwise, through the adoption of laws obsolete or non-transparency in determining requests before granting investment licenses referring to the efforts of local government in order to overcome these obstacles in the need to support the investment, investors, and make Basra an attractive environment for investments compete with other countries. The behind-Badran that "some government departments to maintain insists on relying on the laws negated by new Iraqi investment law which is a a real obstacle to local investors who have been granted licenses for investment as well as hinder we get the land required for the granting of new licenses. " He said we are still lacking the proper environment for investment Some staff circles Basra lack the culture of dealing with the investor at best to deal with him on the basis of being a contractor in the State which is wrong Everyone must try to raise awareness of the investment and provide all facilities for the investment of the fruit reflect positively in activating the economic movement and improve the reality of living and create jobs for the people of the province. "He pointed out that the local government," warned the state departments that do not interact with the Basra Investment Commission and the Investment Law order 13 and its amendments and regulations. " and stated that "the Iraqi Investment Law No. 13 of 2006 as amended in Article 10, paragraph IV of it pointed to the exclusion of procedures for rental of real estate state of the investor Iraqi and foreign for the purposes of establishing investment projects under the Act from the provisions of the law on the sale and rental of state funds No. 32 of 1986 or any other law shall be replaced. " He believed that "the main obstacles that hinder the investment process are the obstacles set by the ministries including the Ministry of Municipalities and Public Works for the granting of land to investors under the pretext of a conflict with the law on the sale and rental of state funds No. 32 of 1986, which abolished under the new law All text that conflict with it. " The head of the provincial council in Basra morning Albzona The investment can not succeed without an awareness of and activation of the circuits of Basra to the investment law to give investment priority to achieve the objectives set out in the promotion of balance of payments and economic development and human resources development and provide jobs for people in the province. "We will play our part oversight role on government departments to support investors and their projects and encourage investment, and the provincial council will take the necessary decision truly is an obstacle to those goals." For his part, Governor of Basra, Dr. Khalaf Abdul Samad, "We will work as a government, local together to support the Basra Investment Commission and the creation of an encouraging investment environment to ensure the arrival of the funds Aforeighotojd solution to the problem of land allocated for investment, particularly in the residential investment, which is a major concern to improve the living situation for the people of Basra and the construction of residential complexes contribute to the declining housing crisis as that the province needs to build more than 250 thousand housing units. Abd al-Samad, that "the government departments in Basra, such as work according to the Iraqi Investment Law No. 13 of 2006 and the regulations issued thereunder and the emphasis and the emphasis on this case in the interest of Iraq, General, Basra own." He said, "the stage of the economic recession experienced by the world economy is an opportunity favorable it is imperative to take advantage of them in light of perception of serious investors, Iraqis, Arabs and foreigners to Basra with that enjoyed by the capacity of various economic, warning of loss of investment opportunities in Basra, it would be a great responsibility we all bear for future generations. " parliament passed in October 2006, the Investment Law Iraqi who opened the doors wide open to Arab and foreign investment to the reconstruction of Iraq, especially in the area of infrastructure. The law also leads to the organization of work and economic development in Iraq.
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