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Harithiya area west of the capital Baghdad Imaging (Mahmoud Raouf)
Baghdad Investment complement 45 projects estimated at $ 3 billion and stresses: red tape hampering our work
Author: BS, MJ
Editor: BK, BS 02/02/2016 16:28 Number of Views: 100
Harithiya area west of the capital Baghdad Imaging (Mahmoud Raouf)
Baghdad Investment complement 45 projects estimated at $ 3 billion and stresses: red tape hampering our work
Author: BS, MJ
Editor: BK, BS 02/02/2016 16:28 Number of Views: 100
Long-Presse / Baghdad
It revealed Baghdad Investment Authority, today Althelathaee, the presence of more than 300 investment projects in the capital, while the completion of 45 of them at a cost of two billion and 800 million dollars confirmed, complained stopped 150 of them because of "red tape."
The head of the body, Shaker al-Zamili, said in an interview to the (long-Presse), "The capital includes 341 investment projects, divided into different sectors," pointing out that "45 projects, of which accomplished quite a cost of up to two billion and 800 million dollars."
He Zamili, that "150 investment projects are currently stalled due to the routine and bureaucratic procedures in the concerned authorities," noting that there are "16 ongoing projects in the housing sector, and other industrial and health, recreational and tourism sectors."
He said head of the Investment Commission of Baghdad, that "the body is working with the Baghdad Municipality and Ministry of Finance to complete received some land and remove the excesses of actions that, for the establishment of investment projects it," returned to "soft loans intended to be the central bank granted a five trillion dinars, the opportunity to support the private sector for the advancement of the rest of the investment projects and provide significant employment opportunities challenge of unemployment. "
The Baghdad Investment Authority confirmed in (24 August 2015 the past), they agreed with the Baghdad Municipality and Ministry of Finance to allocate necessary to implement approximately 40 projects land have been approved during the past two years, indicating that the preliminary work began to build the largest shopping mall in the capital, and it will open soon four hospitals and a number of commercial centers.
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