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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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    Babylon Chamber of Commerce calls for mechanisms to facilitate the implementation of projects

    Rocky
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    • Post n°1

    Babylon Chamber of Commerce calls for mechanisms to facilitate the implementation of projects Empty Babylon Chamber of Commerce calls for mechanisms to facilitate the implementation of projects

    Post by Rocky Tue Oct 01, 2013 7:24 am

    Babylon Chamber of Commerce calls for mechanisms to facilitate the implementation of projects



    10/01/2013 12:00 AM


    Hilla - Mohammed Ajil
    put Chamber of Commerce Babylon perceptions about the reality of investment in the coming years given the decline in investment opportunities and the reluctance of domestic capital to enter the competition in the Iraqi market, demand better performance of the Investment Authority, through the activation of the work of single window for the purpose of facilitating the task of investors and shorten their review of the Chambers of relationship away from the routine.
    said Chamber Chairman Engineer Sadiq Hashim Afaihan's (Center Brief for the Iraqi Media Network) that the sag in the Investment Commission of Babylon and lack of experience are among the reasons for the poor performance of the investment and the lack of opportunities for both domestic and foreign. amend the law and confirmed that the investment law needs to be re-look at some of its paragraphs, although amended twice and possibly amended for the third time because it is governed by the decisions and put in the time of the former regime are still disabled, such as extinguish land and the banking system and facilities offered by the departments of investment for investors, which means that there is a need to reconsider all government procedures and legal past and including the revitalization of the oversight role of the companies that get the investment opportunities and linger in the implementation of the agreements signed. especially in the field of investment opportunities for housing because it can not be disabled because of the increased population growth and the country's need urgent to control the housing crisis. Unfortunately there in Babylon, several investment opportunities are disabled in this area they need to see the government correct to address them. reluctance of investors said, I've put forward by the meeting of the single window in the Investment Commission of Babylon, a number of processors, including the speed of granting visa to enter the country for investors and businessmen, because we have seen that the circles to invest abroad succeeded in attracting investors being dependent on mechanism of very sophisticated, including the Chairman of the National has the authority of the Minister who specializes in granting visa to enter the country and that each department needs an investor finds the employees special runs stock investors in Jordan granted the license within 24 hours and in Egypt during the 72 while the license in Iraq may need to three months to get them investor means add other funds on the value of the project. also touched on the difficulties of investment and the reasons for the reluctance of foreign companies to invest in Iraq, including financial and administrative corruption and the state's ability to fight and the need for access to political stability, which works to create a favorable environment for the application of Laws In addition, the security side, because the capital looking for a safe environment to recover through with the provision of the will of the local for the advancement of the sector investment because the decision is distributed over several quarters with the involvement of various sectors in the legislation of laws to begin from the bottom to the top of the pyramid and get away from the pleasantries in granting investment opportunities. domestic investor and demanded Chamber of Commerce of Babylon that there is interest in the investor local at the present time as long as there is a lack clear to the foreign investor because the domestic capital remains is going on in the country while foreign capital back where you came from. , but that requires the development of performance banking and reducing benefits, especially in the Industrial Bank with the allocation of funds sufficient state budget to invest in the private sector. stressed the importance of relying on the two sides in the initial investment promoters are confined to their duties in the development of propaganda for investment and this is not in place now in Iraq and the second concerning the status of an investment map blogger by the question of what we want from the investor of the project, not what he wants investor ..? He pointed out that investment opportunities distributed on the map of the province of Babylon does not include projects strategy promotes economic reality where that all that exists is the gardens and games for children are examples of the absence of local investors is that the room Trade Babylon refuses to invest an area of land located on the road to suit Najaf to establish a permanent exhibition of foreign products, but we were surprised by the Investment Commission of Babylon, gave the opportunity to the Chinese company sells wholesale merchandise and singular and this means regrettably hit the local market and cut Arzak hundreds of families that rely on shops in a single sale.

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