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National investment confirms that the central delay of work
19/06/2011 12:11
Baghdad, June 19 (Rn) - Iraq's semi-official Zkrtlvzion today, Sunday, that the national investment, stressed that the central transaction significantly delayed the work of the National Investment Commission.
The television quoted President of the Sami Araji by summarizing his evaluation session for the work of independent bodies within a hundred days, which was held at the headquarters of the prime minister as saying that "the National Authority for investments suffer from delay action as a result of central government transactions," noting that "the body has achieved a lot of business within a hundred days million project, especially in housing units. "
Araji explained that "there are impediments to the investment process is the problem of land allocation for investment, and the problem of the banking system, which should be in tune with what's going on in the investment process, and the other problem is the lack of evaluation of credit."
The Iraqi Council of Representatives approved the Investment Law No. (13) at the end of 2006, but that the Council had a process of amending the law in 2009 where he was given the right of the investor, the Iraqi and foreign ownership of land and property belonging to the state allowance determined in accordance with special regulations, and give them the right to own land and real estate belonging to the mixed and private sectors for the establishment of housing projects.
And formed the National Investment Commission in 2007 after the new law to invest in Iraq, which grants concessions to investors, including Tmenm land held by the projects in order to encourage them to enter the country.
The Authority is responsible for all strategic investment projects of a federal nature exclusively, while the bodies of the regions and provinces are responsible for investment planning and granting investment licenses in their areas.
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19/06/2011 12:11
Baghdad, June 19 (Rn) - Iraq's semi-official Zkrtlvzion today, Sunday, that the national investment, stressed that the central transaction significantly delayed the work of the National Investment Commission.
The television quoted President of the Sami Araji by summarizing his evaluation session for the work of independent bodies within a hundred days, which was held at the headquarters of the prime minister as saying that "the National Authority for investments suffer from delay action as a result of central government transactions," noting that "the body has achieved a lot of business within a hundred days million project, especially in housing units. "
Araji explained that "there are impediments to the investment process is the problem of land allocation for investment, and the problem of the banking system, which should be in tune with what's going on in the investment process, and the other problem is the lack of evaluation of credit."
The Iraqi Council of Representatives approved the Investment Law No. (13) at the end of 2006, but that the Council had a process of amending the law in 2009 where he was given the right of the investor, the Iraqi and foreign ownership of land and property belonging to the state allowance determined in accordance with special regulations, and give them the right to own land and real estate belonging to the mixed and private sectors for the establishment of housing projects.
And formed the National Investment Commission in 2007 after the new law to invest in Iraq, which grants concessions to investors, including Tmenm land held by the projects in order to encourage them to enter the country.
The Authority is responsible for all strategic investment projects of a federal nature exclusively, while the bodies of the regions and provinces are responsible for investment planning and granting investment licenses in their areas.
Follow Haidar Ibrahim, the Open: Peace Baghdadi
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