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Britain signed a memorandum with economic Basra upgraded between the cities of the world

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Britain signed a memorandum with economic Basra upgraded between the cities of the world

Author: HAM
Editor: HH, NF
2013/02/16 16:41


Term Press / Baghdad
Iraqi Council revealed - British Business, Saturday, he will sign a memorandum of understanding with economic province of Basra on Thursday, noting that the memo focuses on attracting investments to the province, a valuable confirmed that the memorandum will contribute to raising the status of Basra at the global level.
The Executive Director of the Council Baroness Emma Nicholson said in an interview to the (long-Presse), that the Council "will sign on Thursday and important paper with the governor of Basra to serve the province," indicating that "This paper is a memorandum of understanding by which we will cooperate with the governor of Basra to bring business and investment to maintain, in multiple areas, including education, training, and bring jobs. "
Nicholson added that "Basra province will be of great importance at the global level."

The Iraqi-British Business Council is a non-profit company involved in supporting the development of business between Iraq and Britain, and aims to support the reconstruction process in Iraq, as well as assistance to deal with the effects of the long years of war and sanctions and conflict.
The Council is chaired by Baroness Nicholson Winterbourne, and its membership includes a number of Iraqi companies and major international British.
The businessmen from Iraq and Britain held in Baghdad, (31 September 2012), a conference to discuss the opportunities to develop the Iraqi economy, and to encourage and urged British companies to invest and work in Iraq.
And investors should be brought their projects to the National Commission for Investment, or the Investment Commission of the region, or province, for investment licenses, and can apply investment license to the "circle of single window", developed by the National Investment Commission, and conferred upon notification investor decision of the final in 45 days, to eliminate administrative red tape in granting leave investment, but this circuit still is disabled, which made a lot of investors are suffering through their access to investment licenses.
It is noteworthy that the investment in the province of Basra, (590 miles) south of Baghdad, began its work formally with the support of the British government beginning of October 2008, and thrown upon the body, diagnosis and secure investment opportunities and the issuance of licenses to Iraqi and foreign investors for projects in various sectors, on the that does not exceed the cost of each project on speculative billion dollars, and not to be related to the oil industry or the banking sector because the approval of projects of this type is the jurisdiction of the General Secretariat of the Council of Ministers.
The FDA issued since its founding more than 47 holiday, including 30 during the past year when she was making the implementation of projects in different sectors including housing, tourism, industry and agriculture by Iraqi and foreign companies, and total cost for those projects that have not implemented many of them so far more than 1,784,407,873 dollars.


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