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13/02/2012 11:44
Baghdad, 13 February (aknews) – the national investment Commission confirmed that the corporate world has no objection to the performance of Iraqi banks, saying it had decided to reopen the investment for the construction of 100 housing units in each of the governorates of Basra and Mosul.
The Economic Committee were invited last week to provide banking facilities for foreign investment companies
He said Chief Sami Al-araji investment agency of Kurdistan (aknews) news that "investment firms in Iraq has no problem with the banks."
"The project will have investment authority million housing units of investment projects in the governorates of Basra and Mosul".
He noted that "investment body gave priority to housing projects and services introduced in coordination and cooperation with all relevant ministries including the Ministry of construction and housing, municipal and District Councils and works".
And watching the World Bank process of development and investment in the country by a group of experts chaired by Iraqi economic Maged mock.
The World Bank, called on the Iraqi Government to activate single-window system and the formation of a Committee comprising senior officials to facilitate the entry of foreign firms with a view to promoting investment in the country.
And the Parliamentary Committee on the economy and investment announced earlier, expressed support for Government directions aimed at amendment of the existing investment law No. 13 of 2006, indicating that the problem of land acquisitions by the investor still is the problem more complex.
Iraq admitted in 2006 investment law No. 13 of encouraging foreign companies to enter the country and to contribute to the efforts of the Government for the reconstruction of dilapidated infrastructure owing to wars and blockade.
First amendment law by Iraq in 2009 allowed the foreign investor the right to own land and property belonging to the State allowance determined in accordance with the special regime, and also the right to own land and property belonging to the mixed and private sectors for the purpose of housing projects.
From: Jafar Alunan, en: fady Zeidan
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Baghdad, 13 February (aknews) – the national investment Commission confirmed that the corporate world has no objection to the performance of Iraqi banks, saying it had decided to reopen the investment for the construction of 100 housing units in each of the governorates of Basra and Mosul.
The Economic Committee were invited last week to provide banking facilities for foreign investment companies
He said Chief Sami Al-araji investment agency of Kurdistan (aknews) news that "investment firms in Iraq has no problem with the banks."
"The project will have investment authority million housing units of investment projects in the governorates of Basra and Mosul".
He noted that "investment body gave priority to housing projects and services introduced in coordination and cooperation with all relevant ministries including the Ministry of construction and housing, municipal and District Councils and works".
And watching the World Bank process of development and investment in the country by a group of experts chaired by Iraqi economic Maged mock.
The World Bank, called on the Iraqi Government to activate single-window system and the formation of a Committee comprising senior officials to facilitate the entry of foreign firms with a view to promoting investment in the country.
And the Parliamentary Committee on the economy and investment announced earlier, expressed support for Government directions aimed at amendment of the existing investment law No. 13 of 2006, indicating that the problem of land acquisitions by the investor still is the problem more complex.
Iraq admitted in 2006 investment law No. 13 of encouraging foreign companies to enter the country and to contribute to the efforts of the Government for the reconstruction of dilapidated infrastructure owing to wars and blockade.
First amendment law by Iraq in 2009 allowed the foreign investor the right to own land and property belonging to the State allowance determined in accordance with the special regime, and also the right to own land and property belonging to the mixed and private sectors for the purpose of housing projects.
From: Jafar Alunan, en: fady Zeidan
[You must be registered and logged in to see this link.]
