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Maliki Emphasizes the Necessity of Activating the Role of the Provinces and Demands the Involvement of the Private Sector in Investment

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Maliki Emphasizes the Necessity of Activating the Role of the Provinces and Demands the Involvement of the Private Sector in Investment



Editor: OT | AA
Wednesday, 27 13:23 2011 GMT
Iraqi Prime Minister Nuri al-Maliki

Alsumaria News / Baghdad
Iraqi Prime Minister Nuri al-Maliki, on Wednesday, the necessity of activating the role of the provinces and increase their potential and their powers and to support it, calling on local governments to involve the private sector in construction and reconstruction projects and investment.

He said Nouri al-Maliki said in a statement his office, today, on the sidelines of the meeting held with the governors and heads of provincial councils in the presence of Deputy Prime Minister for Services Affairs Saleh al-Mutlaq, the Minister of State for Provincial Affairs Turhan Mufti and Chairman of the National Investment Sami Araji received "Alsumaria News", a copy of the "provinces need a lot of facilities and to mitigate the complications that hinder or disrupt their work."

Maliki confirmed "the need to activate the role of the provinces and increase its potential and its competence and support," noting that "could refer a lot of projects to the provinces through enhanced coordination and cooperation between them and the ministries."

Maliki has called on local governments to "engage the private sector in the process of reconstruction and investment."

The Iraqi Prime Minister Nuri al-Maliki called on July 3 of this, all Iraqi provinces to activate the private sector and investment companies, and not to limit the opportunities for construction by the state, stressing that Iraq has become one of the largest countries in the region attractive for investment, while the definitive number of journalists a tour Maliki province of Karbala after attack protection on a number of them.

The Iraqi parliament approved in October of 2006, the Iraqi investment law, which said at the time that it will open the doors wide open to foreign investment, due to introducing a lot of facilities to foreign investors, many foreign companies are still reluctant to come, because of fear of the security situation is stable in Iraq, in addition to the law equated the Iraqi investors and foreign investment in each of privileges except the right of foreign ownership of real estate on the project, and replace with the adoption of his right to lease land for 50 years, renewable, according to paragraph 11 of the Investment Law.

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