Central Investment Committee looking transfer of ownership of land investment projects to investors
04/23/2015 11:42 a.m.
Central Investment Committee looking transfer of ownership of land investment projects to investors
[Baghdad-where]
the central investment committee approached donors of land arising out of investment projects for the transfer of the ownership of the land to the investor in accordance with the Investment Law.
A statement by the Ministry of Construction and Housing, on Thursday, the agency received all of Iraq [where], a copy of the "Undersecretary Dara Hassan Rashid Yara, attended a meeting of the Investment Committee Central to discuss and study the contracts signed with investors and the emphasis on the payment of the amounts due to them.
" He explained that he " has during the meeting, discussing and approaching donors of land arising out of investment projects for the transfer of the ownership of the land to the investor in accordance with the Investment Law, and according to the instructions National Investment Commission, that the investor submit a written undertaking that includes continuing to operate the project without delay to be done according to time, and not to claim any compensation or wages in the case of non-registration of land in his name for any reason. "
He added, "They also discussed the reality of investment projects, implemented by the Ministry in Baghdad and other provinces and the development of solutions to the obstacles they face, such as the amendment of the project or riding residential investment in Diwaniyah, and give deadline for the company implementing the project Maysan residential investment, and the granting of additional periods for companies in Samawah, and the company executing the project Nasiriyah housing, and that the delay in granting the advance owed. "
The statement continued, "The agent had discussed with the Investment Committee, the possibility of the sale of apartments unsold in Amiriya Compound 1 Investor same sales mechanism followed in the ministry. " He was a member of the Committee on Economy and Investment parliamentary Ahmed Kanani, said early this April, "The amendment of the Investment Law, addressed the issue any way accomplish the investor of the project by 25%, and if you take a loan from the government and the official banks to ensure the project shall be increased by 25% [completion rate], either guarantees figure is not based on percentages. "
He's [where], that "the nature of dealing with the investor when it comes in the past had had difficulty procuring investment license and land from other ministries, and this shortened within edited several paragraphs for the purpose of obtaining the land as soon as possible, as it was in the past many paragraphs and now shortened for the purpose of speed. "
As Deputy Chairman of the Committee on Economy and Investment parliamentary Harith al-Harthy, in 20 of last March, the amendment of the Investment Law will be in the service of investors, and the elimination of routine in government departments dealing with Almsttmaren.
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04/23/2015 11:42 a.m.
Central Investment Committee looking transfer of ownership of land investment projects to investors
[Baghdad-where]
the central investment committee approached donors of land arising out of investment projects for the transfer of the ownership of the land to the investor in accordance with the Investment Law.
A statement by the Ministry of Construction and Housing, on Thursday, the agency received all of Iraq [where], a copy of the "Undersecretary Dara Hassan Rashid Yara, attended a meeting of the Investment Committee Central to discuss and study the contracts signed with investors and the emphasis on the payment of the amounts due to them.
" He explained that he " has during the meeting, discussing and approaching donors of land arising out of investment projects for the transfer of the ownership of the land to the investor in accordance with the Investment Law, and according to the instructions National Investment Commission, that the investor submit a written undertaking that includes continuing to operate the project without delay to be done according to time, and not to claim any compensation or wages in the case of non-registration of land in his name for any reason. "
He added, "They also discussed the reality of investment projects, implemented by the Ministry in Baghdad and other provinces and the development of solutions to the obstacles they face, such as the amendment of the project or riding residential investment in Diwaniyah, and give deadline for the company implementing the project Maysan residential investment, and the granting of additional periods for companies in Samawah, and the company executing the project Nasiriyah housing, and that the delay in granting the advance owed. "
The statement continued, "The agent had discussed with the Investment Committee, the possibility of the sale of apartments unsold in Amiriya Compound 1 Investor same sales mechanism followed in the ministry. " He was a member of the Committee on Economy and Investment parliamentary Ahmed Kanani, said early this April, "The amendment of the Investment Law, addressed the issue any way accomplish the investor of the project by 25%, and if you take a loan from the government and the official banks to ensure the project shall be increased by 25% [completion rate], either guarantees figure is not based on percentages. "
He's [where], that "the nature of dealing with the investor when it comes in the past had had difficulty procuring investment license and land from other ministries, and this shortened within edited several paragraphs for the purpose of obtaining the land as soon as possible, as it was in the past many paragraphs and now shortened for the purpose of speed. "
As Deputy Chairman of the Committee on Economy and Investment parliamentary Harith al-Harthy, in 20 of last March, the amendment of the Investment Law will be in the service of investors, and the elimination of routine in government departments dealing with Almsttmaren.
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