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security source said on Friday that the Interior Ministry has developed a security force in Basra on the protection of foreign investors, as demonstrated investment in the province welcomed the formation of the force, the military analyst believes that it will curtail the activities of private security companies. The source In an interview for "Alsumaria News", "Police Department to protect investment companies, began its work in Basra a few days before implementation of a decision issued by the Ministry of Interior," noting that "the new Directorate linked with administrative Directorate-General for the province's police." The source, who asked not to be on condition that "the Directorate assigned duties permanently include the provision of protection to all foreign investors and their families, and to guard their abodes and their work sites, as well as to accompany them on the move since entering the administrative boundaries of the province, and until their departure." For his part, chairman of the investment in Basra Haider Ali Fadhil an interview with "Alsumaria News", "The new security force will contribute to provide a security environment better for foreign investors, which will be reflected positively on the movement of investment in the province," adding that "the Directorate currently consists of a small number of officers and associates, but is due to arrive numbering 200 officers and a member in the future. " He called Fadel and the Ministry of the Interior to "provide cars and a permanent headquarters of the Directorate, so that the elements carry out their duties effectively." In turn, considered a military analyst and former adviser in the Ministry of Defence Majid effect that "the establishment of such a force a sharp blow to the Private Security Companies and whose functioning relies on the protection of investors and foreign businessmen. " He pointed out in force in an interview for "Alsumaria News", that "the existence of such companies is essential at this stage because it provides many job opportunities for Iraqis, and that its trained better than the police" He added that "the government should focus on the provision of public security in the country and left to the foreign investors the freedom to choose the way that suits them to protect themselves." mentions that the investment in the province of Basra, about 590 km south of Baghdad, began its work early October 2008, and deliver the responsibility of the body which has its headquarters in the compound of the presidential palaces diagnosis and secure investment opportunities and to issue licenses to Iraqi and foreign investors to implement projects in various sectors, that do not exceed the cost of speculative each project a billion dollars, and to not be relates to the oil industry or sector banks and insurance companies, the fact that approval of projects of this kind are the prerogative of the Secretariat of the Council of Ministers. has given the Commission since its inception and now stands at 40 leave for the implementation of projects in different sectors including housing, tourism, industry, and the largest of these projects calls for building a city for logistics services in the area of Umm Qasr, which cost $ 245 million, and the small percentage of those licenses granted to foreign companies, which prefer to appear to the implementation of projects related to oil, gas, electricity, housing and ports, as is the Turkish, Iranian most aggressive towards the implementation of projects in the province, but most of the projects related to trade and the implementation of contracting, It does not include within the scope of investment under the law of the Commission.
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