***** Single window promote production and service sectors

4/28/2014 0:00

Mokhtassan confirmed its role in attracting capital and specialized companies
BAGHDAD - Hussein al-Tamimi Tgb

Creating an attractive environment for foreign investment has become a one of the main elements of the economic development desired by the country , especially with the availability of the wishes of the cooperation between the domestic economy and the international effort specialist .

Competent economic affairs d . Akram Abdel Aziz confirmed that development requires an environment effectively attract capital and technologies developed with specialized international companies , pointing out that it needs to create a culture of investment among all the parties that touches the work and the reality of the investment , and believes the employee in charge of the importance of attracting the international effort to rebuild the country , and operates in accordance with the the principle of the rapid completion of the requirements of this developmental process .

Abdul Aziz said in an interview for " morning" that the legislation governing the investment process in the country is perfect , but it needs to be an actual application stems from the keenness of the employee to do the work without delay , as most investors Hko routine that befuddled the reality of their work and sometimes led to non- completion of the projects.

She said the legislation included the benefits and guarantees of several in the forefront of allowing the investor to derail the capital , which led him into Iraq, and proceeds according to the Central Bank of Iraq and a convertible currency, after the payment of its obligations and debts of all of the government and those who deal with them , as well as the composition of investment portfolios in stocks and bonds . , She is entitled the investor renting land needed for the project or Musataha for the period in which the investment project is based on , but more than 50 years , subject to renewal after obtaining official approvals and taken into account in determining the period nature of the project and its economic feasibility , are also entitled to the insurance company on the investment project with a national insurance company or foreign deems appropriate .

She drew Abdul Aziz to enable investors to open accounts in Iraqi and foreign , or both at a bank or outside Iraq for the licensed project .

To the official source in the Investment Commission of Babylon on the importance of concerted efforts of government institutions in order to create an attractive investment environment , which stems from the adoption of a mechanism of cooperation between all government institutions completed transactions during a specific period .


Said in an interview for the "morning" to the difficulty of obtaining official approvals in some government departments and its impact on the delay in the assignment of the investment projects , which requires the activation of a serious single window system , which seeks to complete the paperwork within a period not exceeding 15 ten days.

He confirmed the existence of investment opportunities are many in the province can promote productive sectors , service and check the feasibility of large economic of the country and the preservation of both , noting that it requires building confidence between the parties to the investment process beneficiary and international companies that want to work and be in the field of the local economy , which can be reached through investment environment achieved through the cooperation of all government institutions that give their approval for the project productive or service .


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