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Iraqi investment announces an openness towards "domestic and foreign" to counter reluctance
Shafaq News/ The National Investment Commission in Iraq announced today, Thursday, its intention to open up to available local and foreign investments.
The head of the authority, Salar Muhammad Amin, said in a statement received by Shafaq News Agency, "One of the most prominent directions of the authority in the current and near stage is to open up to available local and foreign investments in various sectors, and to identify the most prominent causes of delay and not to move forward with projects and entities that prevent that."
He added that he "meets daily with dozens of investors, businessmen and companies wishing to invest, and learns about the most prominent problems they face, in attempts to overcome these obstacles through direct coordination with the state departments concerned with the investment process."
He stressed that "the advancement of the investment reality for Iraq is one of the most prominent directions of the government and the authority," noting that "the management of the authority is working on this with full strength and transparency, which is positively reflected in the economic arena and contributes to moving the wheel of the economy."
The First Deputy Speaker of the House of Representatives, Mohsen Al-Mandalawi, directed the appointment of the resigned investment chief, Suha Al-Najjar, to form a fact-finding committee against the Investment Authority, describing the corruption in the Authority as "unparalleled."
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The head of the authority, Salar Muhammad Amin, said in a statement received by Shafaq News Agency, "One of the most prominent directions of the authority in the current and near stage is to open up to available local and foreign investments in various sectors, and to identify the most prominent causes of delay and not to move forward with projects and entities that prevent that."
He added that he "meets daily with dozens of investors, businessmen and companies wishing to invest, and learns about the most prominent problems they face, in attempts to overcome these obstacles through direct coordination with the state departments concerned with the investment process."
He stressed that "the advancement of the investment reality for Iraq is one of the most prominent directions of the government and the authority," noting that "the management of the authority is working on this with full strength and transparency, which is positively reflected in the economic arena and contributes to moving the wheel of the economy."
The First Deputy Speaker of the House of Representatives, Mohsen Al-Mandalawi, directed the appointment of the resigned investment chief, Suha Al-Najjar, to form a fact-finding committee against the Investment Authority, describing the corruption in the Authority as "unparalleled."
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