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Baghdad Governorate takes measures to facilitate investment
16/4/2018 12:00 am [rtl] Baghdad / Wafa Amer The Iraqi government in coordination with the relevant authorities to take a number of measures to facilitate the process of investment in the capital, at the same time the existence of more than 200 investment projects under implementation in the capital. The Governor of Baghdad, Engineer Atwan al-Atwani said in a statement to the "morning" that the province held an expanded meeting with the National Investment Commission and the Ministry of Construction and Housing and Public Municipalities and representatives of the National Council for Housing, in addition to the Baghdad Provincial Council to find mechanisms and formulas to stimulate the investment sector in the capital by the intervention of all parties Relationship to it. He pointed out that during the meeting, the agreement on several axes, including resolving the issue of investment licenses granted and has not been direct so far, especially with regard to the housing sector, by solving the problems that prevent the granting of investors, stressing that it is an important step aimed at addressing the worsening housing crisis The country needs two million housing units, including one million units for Baghdad alone. Al-Atwani said that the agreement dealt with overcoming the difficulties and routine of some departments through the failure to approve the granting of any investment license unless there is land for the project and grant a period of time to complete all the requirements of the projects, facilitation Infrastructure services for the implementation of housing projects through investment or financing. In the same context, the Chairman of the Investment Committee in the Baghdad Provincial Council Burhanuddin Ishaq special statement for the "morning", that there are more than 200 investment projects under way in the capital in different sectors between residential, commercial, service and industrial, pointing out that the investment lacks government support As well as the lack of investment financing by banks because they impose very high percentages on projects and thus the reluctance of the investor. He pointed out that the housing and real estate banks should contribute to encouraging investment because all investors are local and there are no investors of other nationalities because of the lack of an environment conducive to investment, as well as the lack of clear mechanisms to attract them, stressing that investment is the best solution to the financial crisis in the country.[/rtl] [rtl][You must be registered and logged in to see this link.] [/rtl] |
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