International companies seeking to invest and contracting with the free zones

International companies seeking to invest and contracting with the free zones



Ali Salman - 07/11/2013 - 8:34 p |

 He academic Dr. Essam المحاويلي, economic free zones is one of the most important long-term investment projects for Iraq.

المحاويلي said in a press statement: that the desire of foreign companies to invest in those areas comes because of the facilities and tax and customs exemptions provided by the free zones for foreign investors and to serve the economic interests of both parties.

He pointed out that the advent of the investment companies allows for Iraqi traders the opportunity to showcase their goods and products in the free zones and through the use of the facilities and flexibility in the free zones, namely the lack of fees paid by companies to Iraq so as to achieve an economic environment that serves both sides.

He explained that this process contributes to the development of governmental and private sectors alike because it will generate a market for the exchange of commercial and industrial widest be taking advantage of the attractions of the exemptions from customs duties. Preparing the General Authority for Free Zones to receive investors and international companies after the withdrawal of Iraq from Chapter VII as revealed Authority of the Ministry of Finance is ready to receive Arab and international companies and local free to invest their regions, in the Khor Al-Zubair, which is based, and Nineveh.

The Director General of the Commission this morning in favor Qaisi that "free zones saw a high turnout by international companies and local and Arab private after it was announced the withdrawal of Iraq from Chapter VII., Adding that incentives and tax breaks and customs privileges and ease procedures for contracting with international companies one of the reasons that led to increase the demand for investment in the free zones.

He explained that the "free zones have at the present time tracts of land allocated for investment and possible to meet any requests made for the purpose of investment." Said Qaisi that "the withdrawal of Iraq from Chapter VII will restore confidence in the economy and thus be a strong attraction for international companies and capital inward.

For his part, Abdul Hassan Shammari Iraqi Prime industrial assembly that "the withdrawal of Iraq from Chapter VII will open wider horizons in the country's economic transactions all over the world. Said in a press statement that the decision allowed international companies specialized

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