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The opening of the First International Investment Conference in Baghdad
Justice / Salah al-Hassani - 02/05/2015
Opened in Baghdad yesterday for the First International Investment Conference to be held by the economy and investment parliamentary body, for two days,
The presence of the Vice Prime Minister Ruz Nuri Shaways and Bahaa al-Araji, and a number of ministers, MPs and specialists and representatives of a number of local companies and Alajunbah.wachar Deputy Prime Minister Ruz Nuri Shaways in a speech to the presence of more than a dozen proposals for the advancement of the most prominent Cancel "laws inherited" from previous eras, as well as support and assign private banks to participate in the investment process, as called for continuing adjustments in the investment law, and stressed the need for infrastructure, especially energy-related treatment as a basis in Alastosmar.mn process his part, Deputy Prime Minister Bahaa al-Araji, care Parliament investment conference the responsibility of the executive branch, evidence of cooperation and coordination between the two big Alsulttin.
oukal in his speech that these institutions feel taken recently that the investment was not just a need, but an urgent necessity in light of the circumstances experienced by the country, and in the fact that the investment in the country's recent experience delayed by certain circumstances, despite Matqom by the Investment Authority.
"He added Araji:" We must work to overcome these difficulties in the presence of a substance in the budget number 15 gave the ministries and provinces, the right to invest an exception to the laws in force. "He pointed to" having directed to states and large companies to invest in Iraq, We have to go to attract these countries, companies and overcome Maigv overall investment of difficulties ".oukdm president of the board of the national investment Sami al-Araji, five solutions to achieve" quality of investment in Iraq sector boom, and confirmed that the single window to the granting of investment licenses have not been implemented, as pointed out that the body was granted 1035 holiday Astosmaria.oukal Sami al-Araji, in a speech during the conference that "there are five solutions are summarized to face obstacles if we apply what we will achieve the quality of the investment boom in the sector of Iraq.
" He added that al-Araji "The first point is the one window that did not take Mdyatea a factor in the lack of basis access adult serious investors to invest in Iraq and the reason is still in the centralized economy and economic reforms that we have begun in 2004, and up to 2014 and the brothers in the committee advisers have great duties in this aspect and presented at the Economic Committee of the Council of Ministers and I went to the House of Representatives and they give us great views because of the reform process Economic require that dismantle the bureaucracy and administrative large in ministries or local administrations in the provinces.
"He Araji that" this point must be addressed, and began to Prime Minister's Office and the General Secretariat of the Council of Ministers as well as the board of advisers and others to consider this issue seriously after brief them on constraints as well as the time that we lost at this stage due to lack of investment culture and understanding of investment and knowledge of the process requirements of investment away from the state for decades,
"He pointed Araji that" The second point is the subject of land, there is a clear provision in the law says oblige all owners of the land and the name that offers what in favor of land for investment into the national body was so offered to investors were not so with regret, but became the subject of land in the event of a pitiful and introduced in many of the things that do not want to take the time where, but this topic as well as taken with the seriousness full now must take a range of wider What are the land in each province and safe investment even fundamentalist classified as investment map is given to investors ", stressing al-Araji, the need to" identify investment while maintaining bodies and we are with the ministries and what is the nature of the services required for these projects in order to be placed in the budget the fact that the investor needs to be some services and some of them very important for the success of the investment process.
"He pointed Araji that" the subject of funding is something to be pursued and must reconsider the law 94 of 2004, the Banking Act in order to be a development in addition to its business and the law of the Central Bank and private banks must intervene in the development and the investment process in the Economic Commission discussed a lot of ideas and opinions in this side and there was a proposal to be implemented is that the central bank finances are excreted from private banks, in addition to the industrial, agricultural, real estate and other bank in the amount of money we have proposed five billion dollars, an interest rate of zero, as is found in many countries, whether the United States or the European Union, So do the small and medium enterprises in this aspect as well as the proposal of the Authority for the establishment of a development bank, God willing, see the light to support investment in this aspect and the amount of money is secreted from the national budget even this amount is built and Pichapkat with international banks.
"He explained Araji that" in these constraints refer to disabled important a work of investment authorities in the provinces where no move away from entanglements developments in the provincial councils and there was a great influence in this matter and thus interrupted a lot of investment authorities in the provinces of carrying out their duties as they should, and therefore these entanglements must get rid of them, "asserting that "These constraints in addition to a lot of them that are equally important integrative must be addressed even get out the required investment and the environment sought by all businessmen and investors something in addition to the many initiatives that have been in the home" .
ofatt Araji that "there are a number of initiatives, including initiatives educational, agricultural, and that took its scope wider and there are initiatives in addition to economic reform is the industrial initiative as well as the support and development of the private sector to be submitted by the board of advisers after he discussed the Economic Commission will be discussed in the Council of Ministers are paid to the House legislation These are important things that you should take the whole parallel initiative work until we proceed with what is required from the country of all possibilities and a map of the investment bus much of projects, whether small, medium or big strategic and, God willing, in the next five-year plan to see the fruits of this ".
oshdd Araji that" the Authority submitted a proposal for the second amendment to the investment law to be consistent with All of these requirements, including the difficulties reported and contained in these amendments and exemptions from many laws that hinder the process of investment, "adding that" some of the existing laws if we take exception Launches wider, and therefore today and tomorrow, we hear not afraid of criticism and we are with you there are problems to be solved together and proceed towards the Great View to build Aloutn.
oakd Araji, "that if we look at the past five years, we will find that we granted leave in 1135 approximate value of $ 73 billion, which is 20% of the value of what our face in the London Conference on the First Amendment." The board of Investment Baghdad demanded, in the second of September 2015, Prime Minister Haider al-Abadi to form a committee to study the draft amendment to the Investment Law, attributed the reason to the failure to address the major issues that support investment projects, and accused the ministries of "blocking" projects, likely not to pass the draft Barlman.
ivkr law in the House of Representatives approved in October 2006, the Iraqi investment law, which it was said at the time that it would open the door to foreign investment, because introducing a lot of facilities to foreign investors, but that many foreign companies are still hesitant because of fear of the security reality unstable in Iraq, adding that the law did not give investors the right to ownership of the property the project, and equated the Iraqi and foreign investors in each concession, with the exception of real estate ownership, where can the foreign investor of the lease the land for 50 years, subject to renewal, according to the Paragraph 11 of the Investment Law, to vote in the House of Representatives in 2010, the amended
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Justice / Salah al-Hassani - 02/05/2015
Opened in Baghdad yesterday for the First International Investment Conference to be held by the economy and investment parliamentary body, for two days,
The presence of the Vice Prime Minister Ruz Nuri Shaways and Bahaa al-Araji, and a number of ministers, MPs and specialists and representatives of a number of local companies and Alajunbah.wachar Deputy Prime Minister Ruz Nuri Shaways in a speech to the presence of more than a dozen proposals for the advancement of the most prominent Cancel "laws inherited" from previous eras, as well as support and assign private banks to participate in the investment process, as called for continuing adjustments in the investment law, and stressed the need for infrastructure, especially energy-related treatment as a basis in Alastosmar.mn process his part, Deputy Prime Minister Bahaa al-Araji, care Parliament investment conference the responsibility of the executive branch, evidence of cooperation and coordination between the two big Alsulttin.
oukal in his speech that these institutions feel taken recently that the investment was not just a need, but an urgent necessity in light of the circumstances experienced by the country, and in the fact that the investment in the country's recent experience delayed by certain circumstances, despite Matqom by the Investment Authority.
"He added Araji:" We must work to overcome these difficulties in the presence of a substance in the budget number 15 gave the ministries and provinces, the right to invest an exception to the laws in force. "He pointed to" having directed to states and large companies to invest in Iraq, We have to go to attract these countries, companies and overcome Maigv overall investment of difficulties ".oukdm president of the board of the national investment Sami al-Araji, five solutions to achieve" quality of investment in Iraq sector boom, and confirmed that the single window to the granting of investment licenses have not been implemented, as pointed out that the body was granted 1035 holiday Astosmaria.oukal Sami al-Araji, in a speech during the conference that "there are five solutions are summarized to face obstacles if we apply what we will achieve the quality of the investment boom in the sector of Iraq.
" He added that al-Araji "The first point is the one window that did not take Mdyatea a factor in the lack of basis access adult serious investors to invest in Iraq and the reason is still in the centralized economy and economic reforms that we have begun in 2004, and up to 2014 and the brothers in the committee advisers have great duties in this aspect and presented at the Economic Committee of the Council of Ministers and I went to the House of Representatives and they give us great views because of the reform process Economic require that dismantle the bureaucracy and administrative large in ministries or local administrations in the provinces.
"He Araji that" this point must be addressed, and began to Prime Minister's Office and the General Secretariat of the Council of Ministers as well as the board of advisers and others to consider this issue seriously after brief them on constraints as well as the time that we lost at this stage due to lack of investment culture and understanding of investment and knowledge of the process requirements of investment away from the state for decades,
"He pointed Araji that" The second point is the subject of land, there is a clear provision in the law says oblige all owners of the land and the name that offers what in favor of land for investment into the national body was so offered to investors were not so with regret, but became the subject of land in the event of a pitiful and introduced in many of the things that do not want to take the time where, but this topic as well as taken with the seriousness full now must take a range of wider What are the land in each province and safe investment even fundamentalist classified as investment map is given to investors ", stressing al-Araji, the need to" identify investment while maintaining bodies and we are with the ministries and what is the nature of the services required for these projects in order to be placed in the budget the fact that the investor needs to be some services and some of them very important for the success of the investment process.
"He pointed Araji that" the subject of funding is something to be pursued and must reconsider the law 94 of 2004, the Banking Act in order to be a development in addition to its business and the law of the Central Bank and private banks must intervene in the development and the investment process in the Economic Commission discussed a lot of ideas and opinions in this side and there was a proposal to be implemented is that the central bank finances are excreted from private banks, in addition to the industrial, agricultural, real estate and other bank in the amount of money we have proposed five billion dollars, an interest rate of zero, as is found in many countries, whether the United States or the European Union, So do the small and medium enterprises in this aspect as well as the proposal of the Authority for the establishment of a development bank, God willing, see the light to support investment in this aspect and the amount of money is secreted from the national budget even this amount is built and Pichapkat with international banks.
"He explained Araji that" in these constraints refer to disabled important a work of investment authorities in the provinces where no move away from entanglements developments in the provincial councils and there was a great influence in this matter and thus interrupted a lot of investment authorities in the provinces of carrying out their duties as they should, and therefore these entanglements must get rid of them, "asserting that "These constraints in addition to a lot of them that are equally important integrative must be addressed even get out the required investment and the environment sought by all businessmen and investors something in addition to the many initiatives that have been in the home" .
ofatt Araji that "there are a number of initiatives, including initiatives educational, agricultural, and that took its scope wider and there are initiatives in addition to economic reform is the industrial initiative as well as the support and development of the private sector to be submitted by the board of advisers after he discussed the Economic Commission will be discussed in the Council of Ministers are paid to the House legislation These are important things that you should take the whole parallel initiative work until we proceed with what is required from the country of all possibilities and a map of the investment bus much of projects, whether small, medium or big strategic and, God willing, in the next five-year plan to see the fruits of this ".
oshdd Araji that" the Authority submitted a proposal for the second amendment to the investment law to be consistent with All of these requirements, including the difficulties reported and contained in these amendments and exemptions from many laws that hinder the process of investment, "adding that" some of the existing laws if we take exception Launches wider, and therefore today and tomorrow, we hear not afraid of criticism and we are with you there are problems to be solved together and proceed towards the Great View to build Aloutn.
oakd Araji, "that if we look at the past five years, we will find that we granted leave in 1135 approximate value of $ 73 billion, which is 20% of the value of what our face in the London Conference on the First Amendment." The board of Investment Baghdad demanded, in the second of September 2015, Prime Minister Haider al-Abadi to form a committee to study the draft amendment to the Investment Law, attributed the reason to the failure to address the major issues that support investment projects, and accused the ministries of "blocking" projects, likely not to pass the draft Barlman.
ivkr law in the House of Representatives approved in October 2006, the Iraqi investment law, which it was said at the time that it would open the door to foreign investment, because introducing a lot of facilities to foreign investors, but that many foreign companies are still hesitant because of fear of the security reality unstable in Iraq, adding that the law did not give investors the right to ownership of the property the project, and equated the Iraqi and foreign investors in each concession, with the exception of real estate ownership, where can the foreign investor of the lease the land for 50 years, subject to renewal, according to the Paragraph 11 of the Investment Law, to vote in the House of Representatives in 2010, the amended
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