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Mikati: Iraq has the best investment law in the region
05/12/2012
BAGHDAD / JD / .. He said Lebanese Prime Minister Najib Mikati said that "Iraq has a law for investment is the best in the region and will enable him to provide a fertile environment for Arab companies and global action and implementation of projects in various sectors, especially after the improvement and great stability in the security situation witnessed in the capital Baghdad and cities across the and governorates of Iraq. " This was the opening of the Prime Minister of Lebanon's Arab Economic Forum Bdorth-20 meeting in Beirut with the participation of Iraq. Under the Municipality of Baghdad of Municipal Affairs Engineer Naeem al-Kaabi said while attending the events Arab Economic Forum, at the head of a delegation that included the Director-General of the relations and the media (Hakim Abdul Zahra) and General Manager of Commercial Bank of Iraq Tbi (Hamdiya dry) and Chairman of the Iraqi Business (Ibrahim al-Baghdadi) and the number of men Iraqi business "that all the conditions become ripe and the opportunity for Arab companies to enter Iraq and implement reconstruction projects, construction and investment, especially Maitalq sector, infrastructure and housing projects." He said Al Kaabi in the forum that was opened and continued, "Iraq after the year (2003) witnessed the transformation of great economic and implementing hundreds of projects strategic services, including the construction with the participation of leading international brands, which represent the fundamental solutions for all the problems engendered by decades of neglect and stop the movement of construction as a result of the wrong policies of the system former regime, "he underlined that" the Iraq aspires to be the Arab investment companies a bigger role in the implementation of projects that are put up for investment, particularly the housing sector because there is a need to build about three million housing units according to vertical construction. " Kaabi and "The secretariat of Baghdad focused primarily on the basis their investment projects on the housing sector through the granting of investment licenses for the establishment of residential communities in accordance with vertical construction with high quality and quality of the contribution in the provision of additional housing units to solve the housing crisis in the capital, Baghdad." He pointed out that "the Secretariat has launched over the past years payments from the investment projects included the establishment of residential complexes and malls, business and recreational areas, car parking, hotels, restaurants and other projects and has succeeded in signing contracts with a large number of companies through the activation of the Investment Law and the support of investors and create a real partnership with private sector. " He said Al-Kaabi, "The Municipality of Baghdad succeeded as well in attracting major international companies and a number of Arab companies to implement their projects strategic sectors of pure water, sanitation and road development and the establishment of recreational facilities, tourism, and their designs and provide advisory services and other companies (French, Swedish, German, Turkish, British, Egyptian and Jordanian) and others." . And "The Municipality of Baghdad will reap this year and next year the fruit of what has been implemented large projects for pure water and D-carrier lines for the disposal of sewage and treatment as well as projects, sorting and recycling and waste treatment, which is the largest in the Middle East and the implementation of Almgesrat and the development of roads and traffic lines fast and other Many of the projects that are fundamental solutions to the problems of service in the city of Baghdad. " As Mr. municipal agent to answer all questions and queries raised by the participants in the forum about the reality of the Iraqi market and investment opportunities and prospects of cooperation in a number of magazines and issues of common interest. "
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