Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Join the forum, it's quick and easy

Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

Would you like to react to this message? Create an account in a few clicks or log in to continue.
Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Local investors complain "monopoly" foreign counterparts projects and specialists attribute for "hum

    Rocky
    Rocky
    Rocky
    Admin Assist
    Admin Assist


    Posts : 281015
    Join date : 2012-12-21
    • Post n°1

    Local investors complain "monopoly" foreign counterparts projects and specialists attribute for "hum Empty Local investors complain "monopoly" foreign counterparts projects and specialists attribute for "hum

    Post by Rocky Thu 23 Jun 2016, 3:36 am

    [You must be registered and logged in to see this image.]
    Local investors complain "monopoly" foreign counterparts projects and specialists attribute for "humility abilities"


     BAGHDAD / long-Presse 

    Complained Iraqi investors, on Wednesday, the monopoly of foreign companies, especially Turkish, Iranian and Egyptian vast majority of jobs and projects what forced them to share or transfer their money abroad, as promised by official bodies that the investment map and put in order the country 's reconstruction and development , depending on the capacity and efficiency regardless of the nationality company executing the project, attributed the reasons for preferring foreign companies to the modesty of the financial and technical capabilities of the Iraqi counterparts. the owner of the contracting company Younis Hamza said in an interview to the (long - Presse), said that "85% of the investment opportunities go Turkish companies, an Iranian and afew of them go to Arab Egyptian companies, especially , despite the ability of Iraqi companies to implement them , "noting that" the Iraqi investors lost hope to get any investment opportunity distinct in spite of thegovernment , which stresses the need to support national sectors recommendations, prompting them to participation of foreign companies or Arabic or transfer their money abroad in search of other opportunities. "For his part , attributed the company owner for the implementation of infrastructure Abu Yasir al - Khalidi in an interview to the (long - Presse), the reasons for departure government for Iraqi companies as "looking for a great commissions deposited outside Iraq , " noting that " the Turkish investors and the Iranians and theArabs got on investment projects in ways that is legitimate How else can we explain their access to opportunities known implementation Iraqi companies could " in turn , said chairman of the Investment Commission of Baghdad , Shaker al - Zamili, said in an interview to the (long - Presse), said that" theinvestment map of Iraq in general and the capital of Baghdad , in particular, put in order the country 'sreconstruction and development , "noting " the investment law did not specify the nationality of the company ,which should be contracted, because the criterion of efficiency is the ruler under the controls and mechanisms stipulated by the law." he denied Zamili "there is no discrimination between foreign and Iraqi investors," returned to "can any investor competition for available projects . " for his part , in an interview with a senior official in the Ministry of housing and Construction and municipalities and public Works, he said to (long -Presse), said that" most of the projects put forward by the ministry to invest need to copious amounts advanced technical capabilities , "pointing out that" the Iraqi companies do not have those amounts what forced the ministry to go about foreign companies. " The official , who asked not to be named, said : " Iraqi investors did not move away too much from those projects They were working in under secondary contracts awarded to them by Arab or foreign investors , a task that can not be ignored, and can allowing them tofuture implementation of major projects. " turn criticized member of the economic and investment commission in parliament Nora Albjara, in an interview to the (long - Presse)," to grant investment licenses to companies with nationalities specific way , "indicating that" the entry of Arab investment companies or foreign to Iraq it was very slow, and mostly unknown and inexperienced, but claimed the lion 's share of what has led to the reluctance of the majority of the projects. " she Albjara, that" many companies in the world , but thestate should choose the best and most sedate them to implement projects well. " for his part, member of theUnion Chambers of Commerce Mohammad Saleh, in an interview to the (long - Presse), said that " thegovernment that should embrace the development and rehabilitation of infrastructure with the help of theexpertise of international companies , " noting that " the need if called to an external capital should be done on the basis of loans rather than investment . " Saleh continued, that" Iraq needs to strengthen its currency ,local sectors of Bmsttmrah especially after the decline in oil prices , "asserting that" local investor support can contribute to run Iraqi hands and moving the market and the survival of the funds within the country and toensure that they leave. " He also called for the government to "give a chance for the Iraqi investor that takes a role and compete with his Arab and foreign after creating a conducive environment through activation ofsupporting the process of investment legislation and the provision of banking services through thedevelopment of the banking system, as well as security and political stability in the country." the House ofRepresentatives passed a year 2006 Iraqi investment law, which it was said at the time that it would open thedoor to foreign investment, due to submit a lot of facilities to foreign investors, but many foreign companies are still hesitant because of fear of the security reality unstable in Iraq, adding that the law It did not give investors the right to ownership of the property the project, and equated the Iraqi and foreign investors in both franchises, with the exception of real estate ownership, as it allows the foreign investor to lease the land for 50 years , subject to renewal, according to paragraph 11 of the investment Law.
    [You must be registered and logged in to see this link.]
    • Back to top
      Current date/time is Tue 19 Nov 2024, 8:34 pm