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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Dhi Qar: austerity and objections tribal hamper investment

    Rocky
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    • Post n°1

    Dhi Qar: austerity and objections tribal hamper investment Empty Dhi Qar: austerity and objections tribal hamper investment

    Post by Rocky Sun 12 Mar 2017, 3:08 am

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    Dhi Qar: austerity and objections tribal hamper investment


     Dhi Qar / Hussein factor 

     
    Announced Thi-Qar Investment Authority, the withdrawal of licenses for a number of lagging investment companies after giving an initial alerts such as decision - making, and stressed stopped another 10 investment projects for various reasons, including " to grant approvals and objections clan , " while Izzat conservative investment failed to weak financial capacity of local investors and a lack of the country 's modern banking system. The director of the window section of the one in Thi-Qar Investment, Ahmad is boring Taher al- Askari, in an interview with the (range), " The total investment projects that were awarded licenses in the whole province of Dhi Qar has 36 projects, including 10 parked investment projects for different reasons , " noting that "among the reasons for the projects stopped due to non - completion of delivery of the project site for the company executed the objections of tribal land to the project measures." 
    Military and pointed out that " the Investment Authority has also withdraw five other investment projects licenses due to the reluctance of investors to the implementation of the project within the time limit specified , " pointing out that "among those business venture projects in Abraham Street and complex Hnachel in the yard workers , a residential project - commercial and residential project in the Swedish village Almstfawih and residential project our economy company compound in Almstfawih and residential project in the district of Saidiya Shatra. " 
    Askari said that "one of the reasons for the withdrawal of licenses due to the reluctance of the project economic and financial reasons prevented the completion of projects within the legal limit , " pointing out that "projects drawn their licenses were initially warning her for 30 days and then another alarm for 30 days and if the investor does not comply with the implementation of stages of the work within the time limit decided to withdraw the license. " 
    And the most prominent obstacles to investment in the province, the director of the window section of the one in Thi-Qar Investment occur, that " the obstacles are mostly weak departments and owners of the land and stakeholders cooperate to grant approvals for the investor as well as the weakness of financial resources and capacity for local investors as well as the country 's lack of a banking system capable of supporting investor soft loans and encourage investment , "noting that" those tribal longer the other of impeding investment parties because of its objection to the delivery of the land to the investor as that between 7 to 8 investment projects faced objections clan , some stopped completely while others resorted to settle the problem with the tribes objecting and resume work. " 
    In turn , said Rachid Serail, head of the Economic and Finance Committee in the province of Dhi Qar, (range), that " the obstacles that hinder the movement of investment are two factors key first relates to official approvals necessary to complete investment procedures and approvals mostly ministerial and local government has powers which" explaining that "obtaining official approvals Pat enters investor spiral is endless red tape may not end in most cases the outcome and this is what causes the reluctance of big investors from investing in the province and attracts only small investors who do not aim to invest, but to take advantage of investment licenses in other locations." 
    He stressed Serail, the need to be "approvals of investment from the powers of local government to shorten the time and go beyond the problem of red tape in the federal ministries and achieve real economic development to maintain , " noting that " the other constraint for investment is the absence of financial support to investors from government banks." 
    The Serail, said that " the investment sector in all countries of the world urges support the government sector through banking facilities and loans contribute to cover part of the investment project financing , however , this aspect has not been activated in Iraq to encourage investment," but he also said that "85 percent of the investment projects in Dhi Qar concentrated in the housing projects are incomplete, "and added , " There is no real investment meets the need of the province and the locals of investment projects , "calling at the same time to" find a financial and banking system to support investors and encourage them to invest in growth opportunities by giving them loans or entering as a partner with the investor in the investment projects. " 
    For his part, called on the governor of Dhi Qar Yahia Nasseri, Prime Minister Haider al - Abadi to "take extraordinary measures to deal with red tape and administrative obstacles that hinder the work of investors, as called for activating the new investment law and creating a modern banking system." 
    He explained the Nazarene, (range), that " the administration of Dhi Qar hoped would address the investment of the current economic problems and be supportive to the economy of the province , which enjoys stable security is good, and that the offset funding shortfalls faced by the country as a result of the financial crisis caused by falling oil prices , " noting that "keep up with the global system for investment also require the use of experts in the management of capital and activating the movement in the investment sector to be able to contribute in the face of the current financial crisis." 
    He continued the Nazarene, said that " the success of the investment activity requires availability of basic requirements, including finding a modern banking system in line with the work of the investment companies and the movement of global capital and also requires the activation of the new investment law in order to facilitate the work of investors and overcome administrative routine and this and other matters requiring action and exceptional decisions of the Prime Minister the Council of Ministers , "stressing" the need to support the sober domestic banks to be able to keep up with the movement of investment that warrant a banking system exceed the total valid obstacles and problems that hinder the advancement of the sector investment. " 
    He stressed the Nazarene investment sector 's ability to "support the country 's economy when there is a suitable working environment for investors, as well as provide great opportunities for investment in all vital sectors of the economy , " stressing that "Iraq has the physical ingredients essential to the success of the work of investors." 
    He held the governor of Dhi Qar Yahia Nasseri in the 12th of May 2015, the Iraqi Council of Representatives for obstructing investment industrial city in the province, and called for speeding the adoption of the law of those cities, while pointing out that a group of companies had bid for the establishment of factories to accommodate dozens of labor. 
    The Thi-Qar Investment Authority, announced late last February announced the launch of 150 investment opportunities in various industrial, agricultural, commercial and tourist sectors, while expected to provide the stated opportunities thousands of jobs temporary and fixed in the case has been invested, and pointed out that the most prominent obstacles to investment are objections tribal and poor cooperation departments and owners of the land in granting approvals for the investor. 
    The Thi-Qar Investment Commission granted 36 investment license in all investment sectors, including licenses for 17 investment projects in the housing sector is expected to provide 15 thousand new housing units once it is completed.
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