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Bandar: Reduce obstacles to completion of the transactions is an important step
BAGHDAD - Farah pumice
expressed government's willingness to hold new amendments to the investment law service to the process of construction and reconstruction. most prominent of which, according to specialists, focused on overcoming the difficulties encountered in the work of investors and private sector companies.
came these moves government in a time of heightened it calls for private sector companies and the Iraqi investors to invest in the country as a fertile environment for the implementation of profitable projects. Director General of the single window in the national investment, Dr. Abdullah al-Bandar said in a statement (morning): "The government has supported and continues to support the investment process in Iraq and encourage the private sector, is also seeking to insert foreign companies in investment projects, including private sector companies through the presentation of investment opportunities. " accelerate projects and added Bandar "The government intends to make all supplies that speeds up the process of completing projects, in contrast to the investing companies to speed up the implementation of projects service to citizens, Mtosma in the ministries and officials that play a greater role in facilitating and reducing the obstacles that stand in the way of completion of transactions investors. important amendments and the Director-General of the total modifications that are in the process of reducing red tape and obstacles in front of investors, including the relationship between the body and the investor and the relationship between the Authority and the developers, and registration of companies, as well as amendments and new concessions regarding land acquisition invested, pointing to the importance of reducing red tape and bureaucracy in handling. pointed to the importance of speed in the allocation of land and reduce the loops that extend the time for receipt by the investor, as it must be to reassure investors by rapidly handed over territory which is one of the obstacles repellents investment. relationship intertwined said Bandar that there is a relationship tangle between the security situation and the local economy, saying that if he were to develop the economy, the security Sisttb and thus the elimination of unemployment, stressing the importance of seeking to increase the security and stability by improving the living standards of the Iraqi people and fortify an important segment of young people against poverty, unemployment and thus elements useful serve the country. significant shifts and saw Bandar that Iraq is undergoing a shift from the central system to a market economy and in which the private sector a big role in which, as well as the private sector has an important role in the economic developments and find a policy economic based on the market economy and give greater opportunity for the sector to contribute to the process of growth of gross domestic product. said Bandar, the whole support dramatically fiscal and monetary policy in giving a new opportunity for the private sector to find Banks advanced banking through monetary policy and legislation Financial for policy Anfaqah Rachida make Investor find great job opportunities in the private sector, as well as foreign companies, especially as the country presents investment opportunities for partnership between the public and private sector in investment projects, as in the signing of investment contract with an Egyptian company to invest Cement Plant Muthanna, where part of the imports of the government and part of the private sector. The decision of the Economic Commission parliamentary Mahma Khalil saw that the infrastructure of the country need to invest, as well as it needs to enter the investors and to overcome the obstacles in front of them. fighting red tape and stressed Khalil in his speech for the (morning) that he "must avoid the obstacles that prevent the arrival of investors to Iraq Using the fight against red tape, creating a banking system strong to build the economy of a huge, "saying that if avoided Vstkhalq investment environment is fertile and there will be investors compete for investment in Iraq, which is one of the fertile land with great benefits, as well as the logistics infrastructure of electricity and water and vital facilities for housing investors. encourage investors from his part urged member Economic Commission MP Qusay F to encourage the Iraqi investors and private sector companies to invest in the country to be the interface to attract foreign investors. pointed F told the (morning) that the investment law problem in the view, on the considering that one of the obstacles have been resolved is the cultivated land, as well as that Iraq signed a lot of agreements that serve the investor and the investment to ensure their rights in Iraq, so there are calls for the investor to foot on the projects in Iraq guaranteed by the conventions signed.
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