Investment confirm granted an investment license in 1336 for projects worth $ 90 billion since 2009

by **Rocky** Tue 18 Oct 2016, 3:26 am

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Investment confirm granted an investment license in 1336 for projects worth $ 90 billion since 2009

by Rocky Tue 18 Oct 2016, 3:26 am

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Investment confirm granted an investment license in 1336 for projects worth $ 90 billion since 2009

 Baghdad / pro Kanani

Announced the National Investment Commission, on Monday, awarded in 1336 aninvestment license for projects totaling $ 90 billion since 2009, indicating that 636 of them worth $ 27 billion , "parked or lagging behind," for various reasons. This

came in a speech to the head of the Sami Raouf Al - Araji during the first economic conference to activate investment projects in Iraq, which was held in partnership between the Commission and the provinces, in theguesthouse of the cabinet, the green Zone, under the auspices of the Prime Minister, Haider al - Abadi, attended by economic figures and managers of investment authorities in the provinces, and attended (range Press).
They said, " the national Investment Commission granted during the period from 2009 to 2016 nearly onethousand and 336 are distributed to various sectors in the whole of Iraq investment license, with a total value of up to $ 90 billion , " adding that their "700 incomplete achievement and 636 dependent or Mtlkia project forvarious reasons worth $ 27 billion. " The President of the Commission, that " the Commission announced thatin 2015 the last of the 920 investment opportunity, while General announced the current 2016 for 692 chance of projects strategy or a large, medium or small , " following the "housing sector announce the project Rasheed Camp in Baghdad, which includes construction of 70 thousand housing units and commercial centers, medical and recreational accomplished in three phases. "
the al - Araji, that" direct the project would be after the end of military operations and stop the military base in the camp for work , "noting that the distribution of housing projects on all of the provinces would be by 25 thousand units Per each province was actually starting to work with. "
the head of the national Investment Commission, that there are " a number of investment projects in thetransport sector in the whole of Iraq, five of which are investment deals in the railway sector, as well as Faw port , which will consist of an oil port and another to transfer goods. "
Araji said that" a number of investment projects in the manufacturing sector is 113 representing iron and steel projects, the manufacture of electrical equipment, batteries, pharmaceuticals, waste recycling, flat glass andindustrial cities , "noting that" there are 78 investment opportunities in the tourism sector, and 169 chance in the establishment of modern shopping malls and stores chilled, and the rehabilitation of the old central market services sector, and 150 investment opportunity again in the sports and youth sector allocated to theprovinces, and 158 agricultural opportunity in the provinces have been allocated nearly seven million acres. "
the head of the national Investment Commission, that" the body facilitated during the period from 2010 to thecurrent 2016, he was awarded 44 thousand and 599 procedures a visa for people from outside Iraq , are linked to investment projects. "
for his part, the Iraqi trade Bank director, Faisal Alheims, in his speech at the conference, he said that" thebank has changed its organizational structure and the introduction of a number sections of which thegovernment banking and Department of banking institutions to provide financing services to projects which are economically feasible , which works to recruit human resources. " It is
noteworthy that many of the provinces, businessmen and investors, are still complaining about red tape and complications in the granting of investment licenses, and administrative corruption, as well as delays in land grants for investment projects, in spite of making two amendments to the investment law.

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