The opening of the Summit of reconstruction and infrastructure for Iraq in Dubai

The opening of the Summit of reconstruction and infrastructure for Iraq in Dubai




22/05/2013 - 11:09 | Source:


Economy and Business




Author: Hussein gesture, Ghassan Hamid


Alsumaria News / Baghdad
Was opened by Deputy Prime Minister for Reconstruction and services Saleh al-Mutlaq, Wednesday, Summit reconstruction and infrastructure in Iraq in Dubai, stressing the need for Iraq to development in the broadest doors, as he emphasized the Minister of Planning Ali Shukri that investment projects in Iraq more projects taking place in the Arab countries combined.

's Office said al-Mutlaq said in a statement issued today, and received "Alsumaria News", "Deputy Prime Minister Saleh al-Mutlaq opened today in Dubai, the work of the Summit of reconstruction and infrastructure in Iraq, which is hosted by a group of investment companies, Arab and international private sector companies and the presence of the Ministers Transport Hadi al-Ameri, Planning Ali Shukri, a gathering of officials and experts in the field of reconstruction and investment. "

And the transfer of the office for al-Mutlaq as saying that "Iraq's needs too many but not limited to reconstruction of what exists, but development in the broadest doors to catch up with the global economy," stressing that "Iraq will discuss in this conference over what can be provided by Arab and international companies in the areas of infrastructure, specifically in the areas of sectors, oil, energy, health supplies, water and sewage, roads and bridges, agriculture, industry, mining and other areas. "

Mutlaq expressed willingness to Ministerial Services Committee and his office to "put all available resources and assistance to investors and private entrepreneurs and to give the necessary facilities for them and removing obstacles to the establishment of their projects and provide all the chances of success in Iraq."

For his part, Minister of Planning Ali Shukri, according to the statement that "Iraq is today more investment projects of projects taking place in the Arab countries of the world combined," noting that "the number of projects in 2013 reached about 5104 projects."

Shukri added that "the Iraqi government has singled out in the five-year plan which was approved two days before a special chapter to the private sector and investment," adding that "this is the beginning of the right way to support reconstruction projects in the country."

The House of Representatives passed in October 2006, the Iraqi investment law, who was with him at the time that it would open the doors to foreign investment, due to submit a lot of facilities to foreign investors, but many foreign companies are still hesitant because of fears of security reality is stable in Iraq, adding that the law did not give investors the right to ownership of the property for the project, and equated the Iraqi investors and foreign investment in all privileges, except for real estate ownership, as can a foreign investor to lease the land for 50 years renewable, according to paragraph 11 of the Investment Law .

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