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Investment ... Dreams of wide were marred by red tape and lack of experience
June 20 2011
Baghdad – follow-up to the morning
In a move to overcome impediments to investment and development work in Iraq Ministry of planning management system using e-government development, to reinvigorate this sector in the country, stating that the new system will enable the Government to manage projects better development.
Undersecretary Sami once stated during a press conference in Baghdad on Sunday that the new system aims to improve the development process, and follow up the implementation of investment programmes through the transition from the traditional method to automate administration by adopting electronic system.
Concerned said: "this system would reduce obstacles to investment plans, which often talk about what can be achieved by Iraq.
And personalized consulting engineer Amer Al jawaheri told radio free Iraq moved location, importance of qualified staff to manage the investment process, from planning and promotion, and leave investment project, and create the conditions for implementation and ensure good performance.
Provincial investment bodies began and since 2008 on a roadmap for investment and development programmes and luring investors, signing contracts and to follow up the implementation of projects, but often collided with different constraints, in Basra despite adoption investment body to keep 40 investment projects so far, more than half of its work has not started yet, nevertheless the Chairman Haidar Ali Fadel, count in the same location, investment in future conservation movement on great development in the future.
Consulting engineer, Amer Al jawaheri criticized poor coordination between Central and local departments which resulted in the grounding in resolving various stages of the investment process, including the allocation of land for the project, what lesson of signing contract without allocating land by Al jawaheri.
The problem of allocation of land investment projects has faced in many provinces, which reveals legal legislation deficit-resolving the ownership of the land belongs mostly to the oil Ministry, nature conservation, and the Chairman of the Board to other administrative obstacles caused by foreign investor reluctance to come to Iraq, including the procedures for granting visas to the country.
And on the implementation of investment projects faltered in provinces questioned the serious impact of such projects on the lives of citizens, local government relies in Basra to invest to reduce unemployment and housing crisis, and improve practice services, stressing Economic Committee Chairman of the provincial Council of local government Mahmoud almksosi was doing its best to convince foreign and local firms to invest in the County.
As member of the House of Abdul Hadi Al-Hasani, the successful experience of investment requires amendments to legislation concerning investment laws, as well as economic reforms including supporting local private sector and make it able to compete with foreign companies, according to Al-Hassani.
Hundreds of investors and foreign businessmen visited Basra during the current year, but left without reaching selection of investment opportunities, because they are not consistent with their aspirations and abilities to implement large projects involving oil and gas sectors and ports, the investment body to pay for projects and tourism sectors of housing, electricity and agriculture, so the Advisory cautioned, Amer Al jawaheri complementary feasibility studies on housing projects and anticipate, pointing out that Iraq is not a leader in investment experience.
Some regional States co-sponsored a pilot investment projects and ensure the success of the programme adopted by Saudi Arabia to provide connection points allow an investor to solve and answer would Allah allow within 24 hours, 7 days a week non-stop as Al jawaheri.
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June 20 2011
Baghdad – follow-up to the morning
In a move to overcome impediments to investment and development work in Iraq Ministry of planning management system using e-government development, to reinvigorate this sector in the country, stating that the new system will enable the Government to manage projects better development.
Undersecretary Sami once stated during a press conference in Baghdad on Sunday that the new system aims to improve the development process, and follow up the implementation of investment programmes through the transition from the traditional method to automate administration by adopting electronic system.
Concerned said: "this system would reduce obstacles to investment plans, which often talk about what can be achieved by Iraq.
And personalized consulting engineer Amer Al jawaheri told radio free Iraq moved location, importance of qualified staff to manage the investment process, from planning and promotion, and leave investment project, and create the conditions for implementation and ensure good performance.
Provincial investment bodies began and since 2008 on a roadmap for investment and development programmes and luring investors, signing contracts and to follow up the implementation of projects, but often collided with different constraints, in Basra despite adoption investment body to keep 40 investment projects so far, more than half of its work has not started yet, nevertheless the Chairman Haidar Ali Fadel, count in the same location, investment in future conservation movement on great development in the future.
Consulting engineer, Amer Al jawaheri criticized poor coordination between Central and local departments which resulted in the grounding in resolving various stages of the investment process, including the allocation of land for the project, what lesson of signing contract without allocating land by Al jawaheri.
The problem of allocation of land investment projects has faced in many provinces, which reveals legal legislation deficit-resolving the ownership of the land belongs mostly to the oil Ministry, nature conservation, and the Chairman of the Board to other administrative obstacles caused by foreign investor reluctance to come to Iraq, including the procedures for granting visas to the country.
And on the implementation of investment projects faltered in provinces questioned the serious impact of such projects on the lives of citizens, local government relies in Basra to invest to reduce unemployment and housing crisis, and improve practice services, stressing Economic Committee Chairman of the provincial Council of local government Mahmoud almksosi was doing its best to convince foreign and local firms to invest in the County.
As member of the House of Abdul Hadi Al-Hasani, the successful experience of investment requires amendments to legislation concerning investment laws, as well as economic reforms including supporting local private sector and make it able to compete with foreign companies, according to Al-Hassani.
Hundreds of investors and foreign businessmen visited Basra during the current year, but left without reaching selection of investment opportunities, because they are not consistent with their aspirations and abilities to implement large projects involving oil and gas sectors and ports, the investment body to pay for projects and tourism sectors of housing, electricity and agriculture, so the Advisory cautioned, Amer Al jawaheri complementary feasibility studies on housing projects and anticipate, pointing out that Iraq is not a leader in investment experience.
Some regional States co-sponsored a pilot investment projects and ensure the success of the programme adopted by Saudi Arabia to provide connection points allow an investor to solve and answer would Allah allow within 24 hours, 7 days a week non-stop as Al jawaheri.
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