Basra: the banks and the territory of the most important ministries Marqlat investment
Abdul-Karim al-Amiri 12/18/2013
Despite the statements of local government officials, which refer to overcome the problems of investing in the province of Basra, and the facilities provided at the level of accommodation and visas for foreigners, but there are many other problems still hamper investment, including those related to the financial aspect, the other aspect of service sectors and infrastructure.
The Managing Director of the company monastery United Dr. Thaer Abdul Zahra, "that the most important factor for the success of investment in any country is the factor banking., And this is one of the most important obstacles to investment in Basra, as the majority of Iraqi banks is a Goods banking," explaining that he "does not exist in Iraq any bank enters into investment projects. "
"The Basra must be unique to the decisions of their own, because they are the focus of investor interest in the world, and it is not reasonable to be the ownership of all land preservation of the ministries in Baghdad, and this can not be disposed of without the consent of the minister, which requires time and effort, as well as he can not The foreign investor to wait several months to come to approve. "
Said Dr. Kenneth Derikson (pictured), director of "WKDA" America specializing in design and engineering consultancy "The most important thing that hinders investment in Basra is the infrastructure, which constitutes an obstacle to the implementation of many projects," explaining that "this problem could be resolved by agreement with the local government, because there is a lot of money will come to Basra in the event of the completion of the infrastructure."
He added Derikson "that the contract signed by the local government of Basra, with the American company Hill International specialized project management earlier last month, will have a big impact with foreign companies in terms of the seriousness of dealing and to provide the necessary guarantees for it."
Meanwhile, a general manager of the Basra Investment Commission Gaspe Muhammad Ali in a statement to Radio Free Iraq "that the Ministry of Finance did not authorize the State Real Estate departments to contract with any party regarding its dependent territories, Ali Gaspe first from right What necessitates approached the Ministry of Finance on the land, which determine investment opportunities, and this takes a long time, are hampered by a lot of investment opportunities in the province. "
Ali added Gaspe Mohammed "that the decision to facilitate the granting of visas, accommodation and short period of time, and procedures is complicated not implemented properly," calling to activate because that would be an important pillar to attract investors, as well as the non-entry of banks as a supportive investors which increased obstruction investment , stressing that the slums are other longer hinders another investment, a problem not solved yet.
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Abdul-Karim al-Amiri 12/18/2013
Despite the statements of local government officials, which refer to overcome the problems of investing in the province of Basra, and the facilities provided at the level of accommodation and visas for foreigners, but there are many other problems still hamper investment, including those related to the financial aspect, the other aspect of service sectors and infrastructure.
The Managing Director of the company monastery United Dr. Thaer Abdul Zahra, "that the most important factor for the success of investment in any country is the factor banking., And this is one of the most important obstacles to investment in Basra, as the majority of Iraqi banks is a Goods banking," explaining that he "does not exist in Iraq any bank enters into investment projects. "
"The Basra must be unique to the decisions of their own, because they are the focus of investor interest in the world, and it is not reasonable to be the ownership of all land preservation of the ministries in Baghdad, and this can not be disposed of without the consent of the minister, which requires time and effort, as well as he can not The foreign investor to wait several months to come to approve. "
Said Dr. Kenneth Derikson (pictured), director of "WKDA" America specializing in design and engineering consultancy "The most important thing that hinders investment in Basra is the infrastructure, which constitutes an obstacle to the implementation of many projects," explaining that "this problem could be resolved by agreement with the local government, because there is a lot of money will come to Basra in the event of the completion of the infrastructure."
He added Derikson "that the contract signed by the local government of Basra, with the American company Hill International specialized project management earlier last month, will have a big impact with foreign companies in terms of the seriousness of dealing and to provide the necessary guarantees for it."
Meanwhile, a general manager of the Basra Investment Commission Gaspe Muhammad Ali in a statement to Radio Free Iraq "that the Ministry of Finance did not authorize the State Real Estate departments to contract with any party regarding its dependent territories, Ali Gaspe first from right What necessitates approached the Ministry of Finance on the land, which determine investment opportunities, and this takes a long time, are hampered by a lot of investment opportunities in the province. "
Ali added Gaspe Mohammed "that the decision to facilitate the granting of visas, accommodation and short period of time, and procedures is complicated not implemented properly," calling to activate because that would be an important pillar to attract investors, as well as the non-entry of banks as a supportive investors which increased obstruction investment , stressing that the slums are other longer hinders another investment, a problem not solved yet.
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