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The Iraqi government to constitute a committee to address impediments to investment
04/08/2011 17:26
Baghdad, August 4 / August (Rn) - The adviser in the Iraqi government on Thursday for the presidency of the Council of Ministers formed a committee to follow up the obstacles to the implementation of investment projects.
Building-complexes-and-healthy-Kavt-disease-in-Baghdad The Chancellor and a member of the committee Karim, Secretary of the Kurdistan News Agency (Rn) that "the Cabinet is a committee composed of all ministries to facilitate the implementation of investment projects in the country, especially about the file ownership of the land and opened credit accounts in international banks."
Iraq seeks to attract corporate investment into the country to contribute to the reconstruction of the country that suffered from neglect and vandalism over the long years of siege and war.
But these efforts collide with reality in the country's troubled security as well as the spread of corruption and bureaucracy in government departments, which raises concerns of the investment companies to enter the Iraqi market.
He added that the Secretary of the "National Investment Commission confirmed that the ownership of land and banking problems have hampered the implementation of some 350 investment projects in an important country."
He explained that "the Commission will coordinate with the National Investment Commission to facilitate the entry of foreign investment companies of the country and raise the number, which reached to 542 leave $ 23 billion dollars, as is confirmed by the Commission."
He continued by saying that "the committee will give recommendations to all ministries and provincial councils to facilitate the implementation of investment projects in the country in the next phase."
And formed the National Investment Commission in 2007 after the new law to invest in Iraq, which grants concessions to investors, including Tmenm land held by the projects in order to encourage them to enter the country.
The Authority is responsible for all strategic investment projects of a federal nature exclusively, while the bodies of the regions and provinces are responsible for investment planning and granting investment licenses in their areas.
The Iraqi government to constitute a committee to address impediments to investment
04/08/2011 17:26
Baghdad, August 4 / August (Rn) - The adviser in the Iraqi government on Thursday for the presidency of the Council of Ministers formed a committee to follow up the obstacles to the implementation of investment projects.
Building-complexes-and-healthy-Kavt-disease-in-Baghdad The Chancellor and a member of the committee Karim, Secretary of the Kurdistan News Agency (Rn) that "the Cabinet is a committee composed of all ministries to facilitate the implementation of investment projects in the country, especially about the file ownership of the land and opened credit accounts in international banks."
Iraq seeks to attract corporate investment into the country to contribute to the reconstruction of the country that suffered from neglect and vandalism over the long years of siege and war.
But these efforts collide with reality in the country's troubled security as well as the spread of corruption and bureaucracy in government departments, which raises concerns of the investment companies to enter the Iraqi market.
He added that the Secretary of the "National Investment Commission confirmed that the ownership of land and banking problems have hampered the implementation of some 350 investment projects in an important country."
He explained that "the Commission will coordinate with the National Investment Commission to facilitate the entry of foreign investment companies of the country and raise the number, which reached to 542 leave $ 23 billion dollars, as is confirmed by the Commission."
He continued by saying that "the committee will give recommendations to all ministries and provincial councils to facilitate the implementation of investment projects in the country in the next phase."
And formed the National Investment Commission in 2007 after the new law to invest in Iraq, which grants concessions to investors, including Tmenm land held by the projects in order to encourage them to enter the country.
The Authority is responsible for all strategic investment projects of a federal nature exclusively, while the bodies of the regions and provinces are responsible for investment planning and granting investment licenses in their areas.
