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Basra Investment: Some government departments with a view to impede investment operations or otherwise
ID number: 2432 Issue Date: 02/01/2012 day: Monday
Last Updated: 02/01/2012
Basra - Follow-up:
Head of Basra Investment Commission, said the number of ministries and state departments impede the success of investment operations deliberately or inadvertently through the adoption of laws obsolete or non-transparency in determining their requests before granting investment licenses, referring to the efforts of local government in order to overcome these obstacles to support investment and investors and to make Basra, an attractive environment for investments of other countries competing.
Khalaf al-Badran explained that "some government departments to maintain insists reliance on laws abolished by the new Iraqi investment law, what constitutes a real obstacle to local investors who have been granted investment licenses, as well as jeopardizing access of the investment on the land required for the granting of new licenses."
He added: "We are still lacking the proper environment for investment Some staff circles Basra lack the culture of dealing with the investor at best be dealt with on the basis of being a contractor in the State which is wrong and everyone should try to raise awareness of the investment and provide all facilities to him, because of the investment from the fruit of reflected positively in stimulating economic activity and improve the reality of living and create jobs for the people of the province, "pointing out that the local government," warned the state departments that do not interact with the Basra Investment Commission and the Investment Law No. 13 and its amendments and regulations. "
He said that "Iraqi investment law No. 13 of 2006 as amended in Article 10, paragraph IV of it, he 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 law else replace him. "
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 and all provisions which conflict with it."
For his part, the head of the provincial council in Basra morning Albzona "The investment can not succeed without an awareness of and activate the Law of the investment by the community of Basra, and to give investment priority to achieve the objectives set out in the promotion of balance of payments and economic development and human resource development and providing opportunities work to the people of the province. "
He added: "We will do our part through the regulatory state departments to support investors and their projects and encourage investment, the Council will take the necessary decision to maintain the right of an obstacle to the achievement of those goals."
For his part, Governor of Basra, Dr. Khalaf Abdul Samad, a comment on Almaklat, which stand in the investment projects: "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 external funds, and find a solution to the problem of land allocated for investment, particularly in the residential investment, which represents greatest concern to improve the living situation for the people of Basra to be able to build residential complexes contribute to addressing the housing crisis as the province need to build more than 250 thousand units. "
Abdul Samad said that "the government departments in Basra to 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 for the general interest of Iraq, Basra own."
He said, "the stage of the economic recession experienced by the world economy is an opportunity 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 capabilities of various economic," warning of "loss of investment opportunities in Basra, it would be a great responsibility we all bear for future generations.
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ID number: 2432 Issue Date: 02/01/2012 day: Monday
Last Updated: 02/01/2012
Basra - Follow-up:
Head of Basra Investment Commission, said the number of ministries and state departments impede the success of investment operations deliberately or inadvertently through the adoption of laws obsolete or non-transparency in determining their requests before granting investment licenses, referring to the efforts of local government in order to overcome these obstacles to support investment and investors and to make Basra, an attractive environment for investments of other countries competing.
Khalaf al-Badran explained that "some government departments to maintain insists reliance on laws abolished by the new Iraqi investment law, what constitutes a real obstacle to local investors who have been granted investment licenses, as well as jeopardizing access of the investment on the land required for the granting of new licenses."
He added: "We are still lacking the proper environment for investment Some staff circles Basra lack the culture of dealing with the investor at best be dealt with on the basis of being a contractor in the State which is wrong and everyone should try to raise awareness of the investment and provide all facilities to him, because of the investment from the fruit of reflected positively in stimulating economic activity and improve the reality of living and create jobs for the people of the province, "pointing out that the local government," warned the state departments that do not interact with the Basra Investment Commission and the Investment Law No. 13 and its amendments and regulations. "
He said that "Iraqi investment law No. 13 of 2006 as amended in Article 10, paragraph IV of it, he 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 law else replace him. "
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 and all provisions which conflict with it."
For his part, the head of the provincial council in Basra morning Albzona "The investment can not succeed without an awareness of and activate the Law of the investment by the community of Basra, and to give investment priority to achieve the objectives set out in the promotion of balance of payments and economic development and human resource development and providing opportunities work to the people of the province. "
He added: "We will do our part through the regulatory state departments to support investors and their projects and encourage investment, the Council will take the necessary decision to maintain the right of an obstacle to the achievement of those goals."
For his part, Governor of Basra, Dr. Khalaf Abdul Samad, a comment on Almaklat, which stand in the investment projects: "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 external funds, and find a solution to the problem of land allocated for investment, particularly in the residential investment, which represents greatest concern to improve the living situation for the people of Basra to be able to build residential complexes contribute to addressing the housing crisis as the province need to build more than 250 thousand units. "
Abdul Samad said that "the government departments in Basra to 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 for the general interest of Iraq, Basra own."
He said, "the stage of the economic recession experienced by the world economy is an opportunity 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 capabilities of various economic," warning of "loss of investment opportunities in Basra, it would be a great responsibility we all bear for future generations.
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