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Calls to activate the fact the investment and implementation of infrastructure
August 7 2011
With continuing efforts to promote economic
BAGHDAD - morning
Continue to a large number of those interested in economic affairs of the private and public sectors to study the mechanisms activating the fact the investment, and diagnosis of kinks and steps to promote sectors supporting the investment process, and its impact on economic growth that has eluded the country for several years, focus on the provision of legislative environment and service attractive, would to encourage the return of the Iraqi capital and the arrival of migratory foreign money that the country seeks to retrieve, in the absence of the ability of government budgets to promote the infrastructure for most sectors.
Economic expert, Mohammed al-Samarrai told the (morning):
that the country entered the field of capitalist and free market economy after that there was a centralized system of holistic led economic sectors for a long period of time, which imposes the need to draw the right track to achieve economic advancement, especially as the elements of success Economic available in the country of raw materials and human resources and geographical location and the possibilities of establishing industries developed, and pointed to the importance of the formation of a focal point of public and private sector oversees the management of the economic file and activating the industrial and agricultural production, as well as the degree of services provided by the tourism sector in all his joints after growth Clearly the movement of religious tourism.
He continued by saying that the presence of paint on the tracks and economic plans and works to facilitate the adoption and monitoring to achieve the desired goals in work and production.
Samurai also stressed that the advancement of the economy requires large sums of money and that the size of the negligence of the sectors over the past decades, which is pushing the work to bring in huge investments for the country, especially as the international companies, sophisticated and large works on entry to Iraq, which represents the broader market for investment in the world, but Before that, it must work on Toveralbaih appropriate to the work of those international companies, especially after the security situation has improved comparatively, and said:
This brings us to provide investment climates conducive to the success of the work of international companies, and the most important necessities of the service to provide banks adopt the latest findings of the banks World of advanced technologies to Nhov in banking, particularly in the private banks that are looking to broad cooperation with the government banks, which owns a block of large cash, from which to promote the banking business within the country, which helps in the promotion of investments to enter into Iraq as soon as possible.
Meanwhile, a sword Hilfi Economist: The investment represents an important step in the economic life of the country in the coming period, although the magnitude of the government budget for this year and next, which is expected to reach its budget to $ 95 billion, but the need for investment and clear to the size of strategic projects in all sectors, and this made the country a big market for investments both in the manufacturing sector or the housing sector Awalkahraba and other production and service sectors.
He added that the country has an attractive environment for investment and it has become aware of all global investment firms, but not to activate the fact the investment is in the legislation and regulations that do not fit and the current phase and initiated many of them during the centralized economy earlier, at a time when the state went to a free economy, pointing to benefit from the experiences of neighboring countries and the laws of the investment and provision of incentives to attract foreign capital and serve the local economy, noting there are international companies specialized wish to enter, and wait for the amendment of certain laws, including tax law, which rejects most of the firms and corporate law and the law of residency and other laws relating to the operation of investment as well as the investment law that need to be studied carefully and then modify some of the paragraphs of the involvement of specialists from the private sector is also working to restore the Iraqi capital is extremely important and must move toward it.
To the President stressed the Investment Commission of Babylon on the importance of benefiting from the experience of investment in Iraqi Kurdistan, which is positive in terms of land preparation for the investor and easy to take action when granting investment licenses, for the existence of a Higher Council for Investment shall issue to facilitate procedures for investors and the investment law has been flexible in dealing with the investor in several aspects, pointing to the desire of companies, international investment, including the Turkish companies and investors to work in the province of Babylon, and other companies that solid working area of the establishment of industrial zones and tourism, and the province of Babylon, where there is an industrial area will be the first in Iraq, a city of Hattin industrial amounting area of about (15 million m 2) ..
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August 7 2011
With continuing efforts to promote economic
BAGHDAD - morning
Continue to a large number of those interested in economic affairs of the private and public sectors to study the mechanisms activating the fact the investment, and diagnosis of kinks and steps to promote sectors supporting the investment process, and its impact on economic growth that has eluded the country for several years, focus on the provision of legislative environment and service attractive, would to encourage the return of the Iraqi capital and the arrival of migratory foreign money that the country seeks to retrieve, in the absence of the ability of government budgets to promote the infrastructure for most sectors.
Economic expert, Mohammed al-Samarrai told the (morning):
that the country entered the field of capitalist and free market economy after that there was a centralized system of holistic led economic sectors for a long period of time, which imposes the need to draw the right track to achieve economic advancement, especially as the elements of success Economic available in the country of raw materials and human resources and geographical location and the possibilities of establishing industries developed, and pointed to the importance of the formation of a focal point of public and private sector oversees the management of the economic file and activating the industrial and agricultural production, as well as the degree of services provided by the tourism sector in all his joints after growth Clearly the movement of religious tourism.
He continued by saying that the presence of paint on the tracks and economic plans and works to facilitate the adoption and monitoring to achieve the desired goals in work and production.
Samurai also stressed that the advancement of the economy requires large sums of money and that the size of the negligence of the sectors over the past decades, which is pushing the work to bring in huge investments for the country, especially as the international companies, sophisticated and large works on entry to Iraq, which represents the broader market for investment in the world, but Before that, it must work on Toveralbaih appropriate to the work of those international companies, especially after the security situation has improved comparatively, and said:
This brings us to provide investment climates conducive to the success of the work of international companies, and the most important necessities of the service to provide banks adopt the latest findings of the banks World of advanced technologies to Nhov in banking, particularly in the private banks that are looking to broad cooperation with the government banks, which owns a block of large cash, from which to promote the banking business within the country, which helps in the promotion of investments to enter into Iraq as soon as possible.
Meanwhile, a sword Hilfi Economist: The investment represents an important step in the economic life of the country in the coming period, although the magnitude of the government budget for this year and next, which is expected to reach its budget to $ 95 billion, but the need for investment and clear to the size of strategic projects in all sectors, and this made the country a big market for investments both in the manufacturing sector or the housing sector Awalkahraba and other production and service sectors.
He added that the country has an attractive environment for investment and it has become aware of all global investment firms, but not to activate the fact the investment is in the legislation and regulations that do not fit and the current phase and initiated many of them during the centralized economy earlier, at a time when the state went to a free economy, pointing to benefit from the experiences of neighboring countries and the laws of the investment and provision of incentives to attract foreign capital and serve the local economy, noting there are international companies specialized wish to enter, and wait for the amendment of certain laws, including tax law, which rejects most of the firms and corporate law and the law of residency and other laws relating to the operation of investment as well as the investment law that need to be studied carefully and then modify some of the paragraphs of the involvement of specialists from the private sector is also working to restore the Iraqi capital is extremely important and must move toward it.
To the President stressed the Investment Commission of Babylon on the importance of benefiting from the experience of investment in Iraqi Kurdistan, which is positive in terms of land preparation for the investor and easy to take action when granting investment licenses, for the existence of a Higher Council for Investment shall issue to facilitate procedures for investors and the investment law has been flexible in dealing with the investor in several aspects, pointing to the desire of companies, international investment, including the Turkish companies and investors to work in the province of Babylon, and other companies that solid working area of the establishment of industrial zones and tourism, and the province of Babylon, where there is an industrial area will be the first in Iraq, a city of Hattin industrial amounting area of about (15 million m 2) ..
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