Lawmakers: political and security stability to attract investment to the country

1/2/2016 0:00

Baghdad Muhannad Abdul Wahab

linking members of the House of Representatives between security and political stability and the recovery of economic activity, he pointed out that capital «coward» in nature and needs to be a safe environment, while they demanded overcoming the difficulties that stand obstacle to investors, stressing that Iraq is what has constituents many represents a dream for those looking for investment opportunities profitable.

he explained the parliamentary economic committee member Faris Faris to create a healthy atmosphere for investment and attract capital to Iraq require to several factors, including work on activating the law voted by the House of Representatives and was ratified by the presidency of the Republic, noting the need to set up base essential to provide services and create an atmosphere of security and political stability that have a significant role in the consolidation of the investment base, because they are important causes to bring big investment for Iraq heads.

he said Knight, in a statement »Sabah», «that the legislation of the investment Law was a positive step towards the economic recovery of the country so it has to be put obstacles in front spoilers and fight them and alleviate red tape in procedures for the entry of investors to stimulate the economy », stressing the need to seek the government's» harness all their energies in order to mature the vision facilitates bring large investments to Iraq ».

He jockey to« the importance of investing for Iraq currently because of its positive effects because it is another door of revenue through diversification to leave the rentier economy. »

in turn tightened committee member Nora Albjara the importance of diversifying investments, according to the investment environment and the trend to residential, agricultural and industrial sectors.

confirmed Albjara, in an interview for» morning » , that «the control of corruption will give priority to the investment law because Iraq is disposable where the investment is well countries», calling for «provide a suitable ground of political and security stability that will give incentive for investors and attract capital».

it warned committee member of interventions major countries working to prevent investors from working in Iraq, asserting that «these schemes is no less dangerous for organizing Daash terrorist crimes because they are working to weaken the country economically while Daash working on hitting the security stability».

she urged Albjara competent authorities to «intensify its efforts and harness the energies and potentials for investment protection in Iraq », stressing that« benefits to the country, no less important than oil revenues ».

while he went committee member Yahya Ithawi to the opinion of his colleagues in the importance of creating an appropriate atmosphere for investment and exploitation, stressing that the revenue that will be realized from the investment will provide a significant boost to the country's budget.

He explained Ithawi, in a statement »Sabah», that «it is very important to provide attractive environment for investors and international companies through the support of the security and political stability and activating the laws pertaining to investment», indicating that «Iraq is one of the environments attractive to investors because he needs the infrastructure and projects a giant as well the great economic potential they possess. »