************ The start of the Baghdad meeting place for business and investment

BAGHDAD / justice - 04/30/2015

National Investment Commission announced on Wednesday, issued for the investment map for the current year 2015, and as shown it includes 990 projects,

She noted that the Development Plan for the reconstruction and construction for the years 2010-2014 did not achieve its goal because of Altgier.oukal revenues conflict Chairman of the Authority, Dr. Sami al-Araji, in Baghdad, a meeting place for business and investment, which was held at the Babylon Hotel in Baghdad that "the Commission is currently issued investment map for the current year 2015, which includes 990 projects in all economic and service sectors, "noting that" the achievement of this map requires economic reform and activate the single-window and reform the banking and inventory of land and allocated to investors.

"He added Araji" The Five-Year Development Plan for the reconstruction and construction that have been developed with the Ministry of Planning 2010 -2014 which is set at 180 billion dollars, including $ 100 billion from the Treasury and $ 80 billion by investing not achieved, but part of it, not only because of the security factor, but the change between supporters of economy revenues conflict market and opening-up and among supporters of the rule of the state.

"He Araji that" Iraq has made during the five-year plan for the years 2010 -2014 investment value amounted to only $ 73 billion in 1135 for a vacation, but the reality on the ground as the value of the quality of which has not been implemented only on 25%, "stressing the need to" accept the harsh decisions mortgaged the shift towards a market economy.

"For his part, Deputy Prime Minister Bahaa al-Araji, in a speech that Iraq is fertile ground for investment, noting the development of a single item in the current year budget for Alastosmar.oukal Araji that "Iraq is fertile ground for investment and that Iraq is moving towards security and stability," explaining that "in order to have the actual investment in Iraq must leave the speeches and the trend towards real work.


"He added al-Araji, that" the government program may interested in investing as an important step for the development of economic and service sector in Iraq was also the first time members of the material in the budget law to encourage investment ", stressing that" the government does not have the sensitivity of investment to work companies in Iraq, ".utalb Araji British companies that" have active presence in Iraq and that there be cooperation and building common interests between the two parties so that there is a real building in Iraq, ".uetojb investors to submit their projects for the National Commission for Investment, or Investment Commission of the region, or the province, to get investment licenses, and they can apply for investment license to the "circle of single-window", developed by the National Investment Commission, and authorized the investor to inform the decision of the final authority within 45 days in order to eliminate administrative red tape in granting Alastosmarah.ooqr leave the Iraqi parliament in October October 2006 Iraqi investment law, but many foreign companies are still hesitant because of fear of the unstable security reality in Iraq, in addition to the presence of some non-attractive investment paragraphs although amend the law in 2010.ivkr that Iraq previously held investment conferences in a number of countries around the world, including the London Conference on 30 of April of 2009, where the display of more than 400 investment opportunity at the London Conference, and with the participation of more than 250 British and foreign companies, with another conference in Washington in October of 2009, Iraq and offer more than a thousand investment opportunity for US companies to participate.


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