Karbala complaining about lack of government support for investors and confirms stopped 12 projects to maintain
Baghdad / Tarek Jaafar
for his part , the Director of the investment Commission of Karbala, Ahmed Mahel in an interview said, to (long - Presse)," the reality of investment in Karbala was not up to the required level due to the constraints on the relationship with the federal ministries , "adding that" most investment sale and rental of state funds ,which is still inconsistent with the investment law and restricts its projects . "He added Mahel, that" the sale and rental of state funds law allowed the ministries of law obstacles granting land for Msatahat for 25 years ,"adding that" Musataha projects slightest degree of investment and do not achieve any development or to maintain the level of services or tourism, industrial and agricultural sectors. " He said the head of the investment committee in the Karbala Provincial Council, Zuhair Abu Dakka, in an interview to the (long -Presse), " The obstacles to investment remain , as a result of lack of understanding of the state departments staff the difference between the investor and the contractor , " stressing the need to "realize a government employee that the investor his money came to live his project and the state granted land only, while the contractor performs project compared to the amounts allocated by the State to him at home. " He complained Abu Dakka, "continued delay in granting land ministries for investors , " adding that " the granting of land located within the administrative boundaries of the Municipality easier than those belonging to other ministries , " stressing that " the granting of extra-municipal land management is by a committee in theGeneral Secretariat of the Council of Ministers, which did not hold any meeting two years ago. "
the chairman of the investment committee in the provincial council in Karbala, about" stopped 12 large investment projects as a result of lack of land allocated them , "and added that such" factories of thestructures of specialized cars, trucks, refrigerators and various other areas. "
the Committee on investment in Karbala Provincial Council, has confirmed the (18th of September now 2016), that the recent amendment to the investment law has caused the reluctance of investors, because it "held their own problems" rather than solve them, while the likely delay in the implementation of the Middle Euphrates Airport project for several years as a result of the prohibitive cost of close to two billion dollars, revealed the continuing talks between the threshold Hosseinieh with a Chinese bank and a Kuwaiti company to choose one of them to finance the project.
the investment committee in the Karbala Provincial Council, had announced in ( the sixth of February 2016), for continuing to work with 31 investment projects governorate (108 km south of the capital Baghdad), and the reluctance of the last 15 for reasons related to government departments or investors, 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.