************ Activating the investment to launch the implementation of projects Law

3/31/2015 0:00

Solve the problem based on the ownership of the ministries success
BAGHDAD - Imad emirate - Mustafa al-Hashemi

Economist Dr. Jawad said inside that administrative mentality still working central way and do not think about long-term vision for the transformation to a market economy and freedom from totalitarian economy.

He explained that the transition process should be to take the process paves the way for the private sector take over the joints of trade and economy, stressing that this action was needed to culture and to clarify and understand the change in the institutional system.

And the importance that the government adopt the private sector and supported because no country in the world built by governments, but it was built by the private sector, underlining the need to adopt a state, defense and foreign policy, security issues and leave the rest of the work performed by the private sector that in the case if we were really convinced that we want the transition to a market economy.

Vital project

Jawad said that the trend exists and will exist but the execution failed.

For example, the budget bill, the government program calls for the support of the private sector, but in case if progress investor to implement the vital project, it will face obstacles because we are not yet the idea of ​​the arrival of foreign investor understand what requires changing ideas monopoly of the ministries of hand property, where considered each ministry possessions of their own and that the property on the idea of ​​giving the land to investors do immediately Investment Law, which is the epitome of international laws in addition to resolving the ownership of the ministries of Lands problem to set up investment projects in coordination with the National Investment Commission as to not possess these lands, noting that This property scattered in all provinces allowing the possibility of establishing various projects and lend aesthetic architectural rather than the survival of this barren land, although the majority of which are located within cities.

Legislation laws

He pointed out that investment 13 Act of 2006 requires reforms to be enforceable as a further development banks and legislation laws in the area of ​​goods and services related to the new direction in addition to improve the legislative framework so as to provide investment climate appropriate, adding that it also requires awareness campaigns for the public to accept the participation of foreign investment in reconstruction the country.

He said the legal conviction did not get after investing despite the fact that the country now needs to expand the resources of all ministries according to the visions and clear on participation and controls according to the Companies Act, which allows for decades.


Staff called in sectors responsible to the positive dealing with investors and clarify the concept of investment through the media because the country is in dire need in these circumstances to promote infrastructure and technology transfer to improve the economic reality, pointing to the need to address the imbalance in the economic structure as an urgent need at the present stage.


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