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Economy News _ Baghdad
The National Investment Commission announced projects for new residential cities awaiting different governorates, stressing that the government focused on attracting sober companies to implement strategic projects.
Muthanna Al-Ghanmi, a spokesman for the authority, said, in an interview with the official agency, followed by "Al-Iqtisad News", that "the privileges provided by Investment Law No. 13 of 2006 that it did not differentiate between foreign or Iraqi investments, in terms of granting privileges, exemptions and guarantees, as it is the guarantor for companies.
He added, "The Iraqi government focused on attracting solid companies to implement strategic projects in many economic sectors, and worked to provide investment opportunities with
economic returns for the country."
And he pointed out, "The percentage of completion of projects by the operating companies in the implementation, the higher it will be, will be a point of attraction for the rest of the companies and for several projects," noting, "The successful project affects many economic sectors positively, and also provides space for achieving benefit and employing the workforce." .
And he stated, "Raising the confidence of Arab and foreign investors to invest in Iraq depends on many things, including: the existing facilities in the law, its implementation, and the cooperation of the concerned sectoral authorities regarding investment and its positive repercussions on the national economy."
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