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Investment Commissions in the provinces are looking to support the private sector and attracting foreign companies
06/07/2011
Held its conference in Karbala,
Karbala, Al-Sabah discussed the investment authorities in the provinces of the country during the general conference held yesterday in Karbala, the mechanisms to support the private sector and encourage foreign investment. The head of the Investment Commission of Karbala, some professional Abdul-Hussein said in a statement singled out the "morning" on the sidelines of the conference: The participation of all investment authorities in the provinces of the country come to study the effect of investment, and discuss what has been accomplished, as well as the definition of the difficulties facing the work of bodies, as well as benefit from the successful experiences of some of the bodies in their dealings with the local private sector or with the Arab and foreign companies that have signed memoranda of understanding or contracts work and began to implement their projects. He added that the conference discussed how to reduce red tape in business registration, which hit the laws impede the work of the investment, as well as how to support the local private sector as an effective tool in the development of infrastructure and investment fields other, adding that the city of Karbala given many opportunities investment, but it suffers from the lack of an office, hoping to respond to the Registrar of Companies of Iraq to request to open an office in Karbala, is the Middle Euphrates region. He said Abdul-Hussein, "said the conference is the real beginning for the exchange of experiences and develop solutions, and will be followed by other conferences to support and promote investment in the country, and provide special support for the sector investment.
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