Parliamentary investment: we will bring amend the investment law to vote

Friday 17 April 2015
| 14:41


The launch of the third amendment to the investment law to work effectively that a quantum leap in the field of investment occurs because Iraq has the infrastructure to work and according to the amended law


Qurtas News / Baghdad

Revealed to the parliamentary Committee of Economy and Investment, on Friday, the draft amendment to the third investment law will be put to a vote in the coming period, anticipated events of the quality of the field of investment boom.

Committee Chairman Jawad al-Bolani for "Qurtas News" that "the development of investment in Iraq, is still below the level of ambition and there is this file and interface problems, especially with the law, which Andmh a Law No. 13 i.

He Bolani that "the law has been amended twice, but the current requirements of the situation calls for that there is a modified third so the national investment provided a modified version and the Commission is now considering this amendment Bmchakh experts and specialists it is hoped to come up for discussion, reading and vote in the coming period."

He predicted Bolani "launch the third amendment to the investment law to work effectively that a quantum leap in the field of investment occurs because Iraq has the infrastructure to work and according to the amended law."

The House of Representatives approved in 2006 the Iraqi investment law, which it was said at the time that it would open the door to foreign investment, because introducing a lot of facilities to foreign investors, but that many foreign companies are still hesitant because of fears that the security situation is stable in Iraq, adding that the law did not give investors the right to ownership of the property the project, and equated the investor Iraqi and foreign investment in each of privileges, with the exception of real estate ownership, as can foreign investor to lease the land for 50 years, subject to renewal, according to paragraph 11 of the Investment Law.



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الخميس 16 أبريل 2015 | 11:02 صباحا



Parliamentary economy end the preparation of texts Investment Law

BAGHDAD / ... Commission terminated economy and investment representative, on Thursday, to prepare the texts of the Investment Law No. (13) of 2006 and the introduction of the revised texts in preparation for submission to Parliament for a second reading.

According to the information office of the Parliament a statement received by the "eye of Iraq News" that the committee held a meeting headed by MP Jawad al-Bolani, to study the proposed amendments to the Investment Law No. (13) for the year 2006 and filed within the recommendations of the First International Investment Conference held in Baghdad for the period from the fourth and fifth of February. " .

He Bolani during the meeting that "the investment law, will come out format to meet ambitious investors and sector investment to be a major positive turning point for the Iraqi economy," pointing to "the development of new concepts in the law relating to the introduction of the investment bank and the Union of Iraqi investors and the Center for International Arbitration and financing of projects in support of the investor, to be a factor assistant in the creation of an appropriate environment for investment, which will be the most important factor in strengthening and diversifying the country's resources, ".


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