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Foreign companies confirm their desire to work in Iraq
14/4/2018 12:00 am [rtl]Despite the existence of challenges for investment Baghdad / Suha Sheikli Industrial investment in Iraq was known in 1997, but it was not a wide range of difficult economic conditions that prevailed in those years, including the consequences of international sanctions, and the identity of the economy was comprehensive, ie, the dominance of the state on the joints of the economy. Arab and foreign investment companies and the laws that regulate the investment policy and have become directorates and people in most ministries, including the Ministry of Industry. The objectives of the industrial investment on the objectives of industrial investment Deputy Director General of the Department of Investment in the Ministry, Engineer Mohamed Jabarar for "morning" saying that «the work of the Directorate of Industrial Investment in the Ministry is determined to guide investors in industrial investment in the country, whether investment in government companies public sector and even mixed Arab and international companies through investment in the provinces or national investment, and the construction of new projects ». "Our department is studying the files submitted and we give approval to the rules, regulations and laws that guide the investor." He stressed that «the investment aims to revive the national industry through the public or private sector», stressing the existence of a tendency to introduce the private sector or investors to build an industrial base in the country, Globally, and we have a study on the development of the national industry from 2017 to 2030 ». Arar said, "One of the most important objectives of this study is to build an advanced industrial base and introduce modern technology and modern legal legislation to deal with the legislation of the expelling of investment, including the instructions to implement resolution 492 of 2013, which included paragraphs disturbing the investor, and red tape and bureaucracy are obstacles to investment." The change of some paragraphs of this decision will make it easier for investors to enter the industry and the private sector ». The preparation of investment files drew Ararali that «the work provided by the Directorate during the past year was limited to the preparation of full investment files include the feasibility study and the approval of the Board of Directors has included most of the companies of the ministry, including pharmaceutical companies, food and glass and was obtained approval of the ministry to be declared files on investment sites». He stressed that "there are foreign investment companies French and Italian and some Arab companies expressed their desire to invest in Iraq, and will be contracted either for the rehabilitation or participation," explaining that «requests for feasibility study received from the investment agencies of the provinces to demonstrate the feasibility and then transferred to the Economic Department of the Ministry for consideration " The study of participation contracts continued "we receive between 15 to 20 different monthly study and in turn we collect views from public companies or technical departments," stressing that "in 2017 was completed 16 contracts signed with our public companies, international companies were divided between rehabilitation and operation," noting that «of Investment Conditions Local manpower is to be operated at a rate determined by the nature of the work on our part. We require the foreign investor not to prohibit labor with him. Contracts and participation[/rtl] [rtl][You must be registered and logged in to see this link.] [/rtl] |
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