Economy Committee held an extended seminar on investment law

August 30.2015

To the Committee of Economy and Investment held on Sunday 30/8/2015 expanded seminar within the seminars held by the Committee on the draft investment law, in the presence of the President and members of the Committee and investment managers in the departments and ministries of agriculture, defense, Construction and Housing and chain oil.

And opened Aalndoh MP Jawad al-Chairman of the Committee speech in which he referred to the financial crisis experienced by Iraq in light of the sharp decline in oil prices and the adoption of the budget entirely on the proceeds, stressing the urgent need to find and look for other alternatives to help support the general budget away from the oil sector.

Bolani stressed on the theme of public and private investment to the quality and the need to facilitate procedures for investors, especially in relation to the side that government procedures and reduce the routine things, calling for a genuine partnership with the private sector and be given great importance, especially in the investment projects.

The seminar was devoted to discuss the allocation of government land for investment projects and the most important obstacles facing converted into land for investment, procedures and laws that stand in the way of investment transferred to the Lands.

The seminar also discussed the legal materials and paragraphs that hinder and prevent the allocation of government land to the investment, and the possibility of amending these laws in the House of Representatives through its legislation or modified.

http://www.parliament.iq/details.aspx?id=49685&AlwType=Pre