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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

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Established in 2006 as a Community of Reality

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    Karbala acknowledges the reluctance of investors and the likely delay in the Middle Euphrates Airpor

    Rocky
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    • Post n°1

    Karbala acknowledges the reluctance of investors and the likely delay in the Middle Euphrates Airpor Empty Karbala acknowledges the reluctance of investors and the likely delay in the Middle Euphrates Airpor

    Post by Rocky Tue 20 Sep 2016, 3:11 am

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    Karbala acknowledges the reluctance of investors and the likely delay in the Middle Euphrates Airport project for years


     Karbala / Tarek Jaafar 

    The Commission on investment in the Karbala Provincial Council, yesterday , Sunday, that therecent amendment to the investment law hascaused the reluctance of investors because it "held their own problems" rather than solve them, while thelikely delay in implementing the airport of the Middle Euphrates project for several years as a result of theprohibitive cost of close to two billion dollars, revealed continue the talks between the threshold Hosseinieh with a Chinese bank and a Kuwaiti company to choose one of them to finance the project. 
    the head of the committee, Zuhair Abu Dakka, in an interview to the (long - Presse), " the Commission only leave an investment and one has not been granted since the beginning of the current 2016 and until now , " adding that " the last amendment to the investment law has caused the reluctance of investors as a result ofwhat contained in the administrative problems." 
    He said Abu Dakka, that " the funding of the new law is a clear plan, and to clarify the legal department at the national investment Commission cause more problems , " noting that " the financing plan included in thenew amendment to the law imposed on the investor reserve an amount equal to the capital project in one of the banks to be recreated him in batches by project completion rates, which is not approved by any investor. "
    the head of the investment committee in the Karbala Provincial Council, that" the financing plan requires to assume one of the banks financing the project, "returned to" Iraqi banks are not eligible for it if it was anIraqi investor. " 
    revealed Abu Dakka, for" stop investment Authority to maintain the granting of investment licenses as a result of lack of knowledge of how to behave with the new law did not solve the previous problems He held ,"stressing that" the project of international airport , the Middle Euphrates are still unknown and the Council does not know anything about him, especially since the national investment Commission has promised toissue airport investment license in August 2016 , which did not happen yet. " 
    He favored the chairman of the investment Committee in the province of Karbala, " the delayed implementation of the airport project for many years because of the high costs of speculative that theconvergence of two billion dollars , " pointing out that " the implementation of the project will not be so easy in light of the new investment law." 
    the Abu Dakka, that " the threshold Hosseinieh got two offers from the Chinese bank and a Kuwaiti company to support the implementation of financially airport, as the body invested for the airport, "he continued that" the talks are still under way to choose one side to finance the project. " 
    the investment committee in the Karbala Provincial Council, had announced in ( the sixth of February 2016), continues to work with 31 investment projects to preserve, and the reluctance of the 15 other for reasons related to government departments or investors, revealed assume Chinese firm implementation of the Middle Euphrates international Airport, while confirming that the Karbala "suitable and attractive environment" for investment, she noted that several Arab and foreign companies awaiting approval and allocation of land for the establishment of projects. 
    The management of the province of Karbala , announced in ( the 19 of January 2016), the formation of asupreme committee to activate the investment to maintain, and the possibility of completing some of thestalled government projects through investment, while attributing interested in investment barriers to limit Muaqath federal ministries, called for activating the "single window" in the investment Authority . 
    attributed to the investment Committee in the province of Karbala, in ( the 20th of January 2015), thereasons for the reluctance of investment projects in the province to the problem of administrative red tape and lack of land handed over to the investors by the Finance and municipalities and Agriculture Ministries, as called for amending the investment law on according to the new requirements, tightened the need to work to attract investment in the sectors of agriculture and industry. 
    the Karbala investment Authority, had announced (21 July 2014), for granted investment licenses to build ten complexes with more than 16 thousand housing units to maintain, as criticized the delay in the allocation and delivery of land by ministries to investors, called for the activation of the banking system and to facilitate thegranting of investment loans as well as activating the single - window system.
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