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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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    Implementation of 442 investment license worth 21.4 billion dollars

    Rocky
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    Implementation of 442 investment license worth 21.4 billion dollars Empty Implementation of 442 investment license worth 21.4 billion dollars

    Post by Rocky Fri Feb 21, 2014 5:45 am

    Implementation of 442 investment license worth 21.4 billion dollars

    02/20/2014



    80 foreign companies have entered into Iraq Investment


    Baghdad - Mostafa Hashemi
    is the subject of investment from new experiments that gripped Iraq after 2003 in the economic sector, which began making strides despite the slowness are in the right direction, but the implementation of infrastructure projects will take longer because of the delay in approving the budget Besides routine procedures followed in the single window in addition to the weakness of investment awareness among its staff.
    sees counselor Iraqi Institute for Economic Reform, Dr. Ahmed al-Husseini said the number of investment licenses granted for the implementation of projects in the whole of Iraq cause for optimism, but the completion time mired with many problems, including delays In approving the budget, along with the lack of a single window, which hampers the investor strongly for the completion of projects viable and serving the country and the investor.
    said in a statement to the (morning) that the problem of investment in Iraq can be summarized in four key aspects is the delay in approving the budget, which supports the implementation of projects under by 95 percent as well as customize the piece of land, electric power and the problem of corruption.
    suggested Husseini, a governance process to increase investment and encouraged through the establishment of rules lead to the result of increasing the confidence of shareholders' economic unification because they are a necessary condition, and the cornerstone of the economic units all. pointing out that the volume of investment 7.8 percent of the GDP of the country.
    invited to apply transparency in dealing with investors because the protection of their interests and confidence in their money invested is one of the priorities, thus leading to attract new investments are working to strengthen and stabilize the activity of companies operating economy.
    Chairman of the National Investment Commission, Sami al-Araji said of For his part, for granting in 1062 an investment license for the period from 2008 up to 2013 worth 47 billion dollars, stressing that performed them or under construction amounted to 442 vacation valued at 21.4 billion dollars and housing projects in the foreground.
    said in a press statement that 50 British companies and 30 other French entered Iraq to invest in October last second, stressing that in order to mature the projects they take a long time and this is a natural result of the conference promotional organized by the National Investment Commission.
    To ease the financial constraints that hinder investment Araji said: We made a great effort with some international banks to come to Iraq to work and the participation of Iraqi banks and developed to provide the best services, noting that success in that represents the entry of bank Citibank American Standard Chartered British.
    confirmed al-Araji said international companies come to invest in important sectors such as oil and gas, housing, transport and communications, explaining either entertainment spots and business services and hotel are mostly for Iraqi investors.
    pointed out that Investing in Iraq is facing a new experience several problems, however, that the single-window perform their duties but is facing difficulties due to red tape in government departments and the lack of a culture of investment among many workers in these departments.

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