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Economic parliamentary calls to support foreign investment to tackle unemployment unemployment
28/09/2013 BAGHDAD / News: called on the parliamentary economic committee, on Saturday, to the need to adopt and support foreign investment, saying it will provide manpower and create a spirit of competition and ensure the implementation of important projects.
Said committee member Nora Bijari told "View News", "foreign investment is the only way to solve a lot of projects stalled in the country, which is still one under discussion," adding that "make way for foreign investment will lead to solving the problem of widespread unemployment in all provinces" .
She added that "foreign investment is characterized by fast delivery and accurate service work projects in particular, will revive the national economy", calling on the government to "support foreign investment and the granting of facilities allows international companies to enter Iraq easily."
The parliament approved in October 2006 investment law, which it was said at the time that it would open the doors to foreign investment due to submit a lot of facilities for foreign investors and equality between Iraqi investors and foreign investment in all privileges, except for real estate ownership for the project text in paragraph 11 on that foreign investors can lease land for 50 years, renewable only that he is not entitled to possession.
And investors should according to the law to submit their projects to the National Commission for Investment or Investment Authority, region or province for investment licenses, and they can apply for investment license to the Department of the single window developed by the National Authority for Investment and authorized inform the investor's decision the final within 45 days in order to eliminate administrative red tape in the granting of investment licenses.
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28/09/2013 BAGHDAD / News: called on the parliamentary economic committee, on Saturday, to the need to adopt and support foreign investment, saying it will provide manpower and create a spirit of competition and ensure the implementation of important projects.
Said committee member Nora Bijari told "View News", "foreign investment is the only way to solve a lot of projects stalled in the country, which is still one under discussion," adding that "make way for foreign investment will lead to solving the problem of widespread unemployment in all provinces" .
She added that "foreign investment is characterized by fast delivery and accurate service work projects in particular, will revive the national economy", calling on the government to "support foreign investment and the granting of facilities allows international companies to enter Iraq easily."
The parliament approved in October 2006 investment law, which it was said at the time that it would open the doors to foreign investment due to submit a lot of facilities for foreign investors and equality between Iraqi investors and foreign investment in all privileges, except for real estate ownership for the project text in paragraph 11 on that foreign investors can lease land for 50 years, renewable only that he is not entitled to possession.
And investors should according to the law to submit their projects to the National Commission for Investment or Investment Authority, region or province for investment licenses, and they can apply for investment license to the Department of the single window developed by the National Authority for Investment and authorized inform the investor's decision the final within 45 days in order to eliminate administrative red tape in the granting of investment licenses.
[You must be registered and logged in to see this link.]
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