Monday 12/12/2011
Araji: U.S. companies shall give comfort to reduce administrative red tape
Baghdad / term economic
Forecast Chairman of the National Investment Sami al-Araji, the investment boom in most economic sectors and service sectors.
They said in a press statement: The work is underway to remove all administrative and legal obstacles that stand for the arrival of international companies, pointing out that he will urge U.S. companies to enter Iraq strongly during his visit to Washington with Prime Minister Nuri al-Maliki.
He said al-Araji's (Agency news) before his departure to Washington: The Commission understands the requirements of investment business I felt that through its presence in global economic forums and regional and local levels, where they stood at the great desire of international companies in the work, pointing out that international investments have become aware of the size of Iraqi market for all goods and merchandise, in addition to job opportunities that are available in all economic sectors, where there is a market-scale investment in all governorates of Iraq.
Continues ...read more ..
He pointed out that the authority is working to overcome all the determinants of investment business by adapting legislation have, and continued: There is a tendency for the implementation of projects industrial and agricultural support needs of the country, to the housing sector, which suffers problems can be overcome easily, pointing out that the private sector must have a big role in the investment process.
The Araji: he will introduce during his visit to Washington for U.S. companies to enter by force to Iraq, as well as More reassure those companies to reduce administrative red tape of government, and amend the investment law, which will give these facilities investment opportunities, and continued: Sentalam on the situation of investment in Iraq.
The Araji: The foundations of the guarantors of investment available, and there are investment companies large global studying the work environment, and investment business difficult and delicate and needs the protection of investors and their money, pointing out: The focus will be on infrastructure projects such as housing, water, sanitation and electricity in addition to the development of industry, agriculture and tourism.
The international companies in various disciplines studying the projects carefully from all sides, after having started the inviting these companies to come to the country and examine the reality of working closely.
link
05/12/2011
Investors applaud the Iraqi engineering competencies in project implementation
Stressed the importance of amending certain paragraphs of the investment law ...
Baghdad Al-Sabah
Stressed by a number of investors and government sources, the need to support the investment process through the provision of facilities to the cadres of companies operating in the country, as well as the adoption of the instructions that facilitate the entry of the work requirements at the border gates, which have become a prominent obstacles to project delays, and overtaking on the implementation periods fixed in the contract, as well as the need to contain the red tape that accompanies the construction process and cons on the reality of work in addition to the importance of building security plan flexible working help to access raw materials and logistics according to the plan set for the work.
Continues ...read more ..
Engineer Akram Fri of the Municipality of Baghdad told (morning) that the investment projects which are implemented by companies global investment continued in more than one field and within certain limits, pointing out several obstacles negatively affect the flow complete the work as planned, noting that the engineering cadres Turkish working in the project did not have a clear vision for the potential engineering of Iraq, but after a short time proved our staff engineering art and existence, and has become the trend towards reliability in the implementation of many important works in the project, pointing out that the engineering capabilities of Iraq are able to compete with what is owned global investment firms , and can rely on Kdaratna local project management in various production sectors.
He said the Street Development Project Baghdad International Airport over the period of delivery specified in the contract, and became to request further periods of Kamal business, because you find a job and not the arrival of raw materials and logistics imported on time, led to the suspension of work in more than one occasion, indicating that the Municipality of Baghdad following the stages of completion continuously, and is working to overcome the obstacles that accompany the course of delivery, stressing the need to have a partner for foreign investors, who works on the implementation of projects, noting that it helps to overcome many of the obstacles that appear during the course of work, including problems in the workplace and its impact in the investment business, explaining that this view stems from the experience of working alongside the Turkish company implementing the project and requesting cooperation continued to contain all Mhaddat field work.
And called for extended base stations checks laboratory-based in all phases of work, and can not be dispensed with in all projects, but represents the main steps that make the work moves from one stage to another without concern, which requires the availability of such laboratories in the general areas of the country and the possibilities of advanced quickly to show results, explaining that the laboratory tests require a long time today and this is one of the obstacles that accompany the investment projects.
Meanwhile, a project manager for Cape Murad Ayhan Bashir: The field work in Iraq and the large has many job opportunities did not expect foreign investors, pointing to the Investment Law 13 of 2006 is one of the good laws , but the need to develop some paragraphs, to fit with the reality of work in the country, and noted that the investment business requires advanced banking services facilitate cash handling and operations of creativity, according to the amounts, and must be linked to Iraqi banks the Central Bank and the adoption of systems of work developed, and can build a banking system Turkey, a country adjacent to Iraq, and supports advanced system in this regard.
He added that there are several aspects to facilitate the presence of international companies specialized in Iraq, the most important development of the work the Department of Registrar of Companies, and the registration mechanism more flexible than it is now, pointing out that the company Cape one of the largest Turkish companies and their business in several countries, but interface difficulty in recording company in Iraq, although the volume of investments in Iraq requires a move away from routine so complicated.
He pointed to the importance of registration procedures for the entry requirements of the investment business at border crossings and ports where there are agricultural products and the trees and the requirements of green space dedicated to the development of street Baghdad International Airport late at ports, border two months ago, and this affects the implementation of the complete the work on time, noting that overcome these problems possible to lead to the investment environment and fit the goals of the local economy.
link
02/12/2011
Parliamentary committee supports the directions of the Government to amend the investment law
Baghdad, The Committee on Economics and investment representative, on Friday, its support for the orientations of government efforts to an amendment to the Investment Law in force No. 13 of 2006, indicating that the problem of land acquisition by the investor is still the problem is more complex.
Continues ...read more ..
He revealed the office of Prime Minister Nuri al-Maliki for the latter to seek an amendment to the investment law for the granting of additional facilities to foreign investors.
Committee Chairman Ahmed al-Alwani told the Kurdish news agency (Rn), said that his committee discussed the vision of the investment law with the concerned authorities in the executive branch, and believes that in spite of an amendment to the law, it need additional modifications other in order to ensure the rights of Iraq and the investor."
He said al-Alwani, the problem is more complex in the investment law still is the method of acquisition of land by investors, especially those owned by the defense ministries, municipalities, and financial, "noting that" the Committee hopes that the amendments to the investment law, the transition economy to a single window, as is the case in the Kurdistan region. "
Iraq acknowledged in 2006, Law No. 13 of the investment to encourage foreign companies to enter the country and contribute to government efforts to rebuild the infrastructure dilapidated by war and siege.
And the First Amendment, conducted by Iraq to the law in 2009 allowed the foreign investor the right to own land and property belonging to the State allowance determined in accordance with special regulations, also has the right to own land and property belonging to the mixed and private sectors for the purpose of the establishment of housing projects.link
Thursday, 01-12-2011
Chief Investment Basra: preservation of investments will flow after investment last amendment Act
Basra, The Chairman of the investment of Basra governorate would be behind Badran flood of corporate investment during the next phase, adopted new amendments to the law of the Iraqi capital.
BADRAN said, according to a statement received by the Authority (the Agency newsletter News) Thursday: the new investment law, which recently adopted contains features attractive and stimulating encourages attracting investments and overcome major constraints contained in regulations prior to investors.
Continues ...read more ..
System No. 5 for the 2011 business rental allowance is 10% of the rent is estimated by the Commission competent to determine the rent allowance, rent allowance will also be met from the date of commencement of commercial operation for three years after the end of this period will determine the rent value of 5% of the value of the land.
Badran pointed to: rent allowances are among the most important impediments to the investor and the success of the economic feasibility of the project.
That these procedures in Iraqi investment law will attract investment companies to Iraq in General and Basra in particular.
The Basra governorate has witnessed in recent remarkable economic and security stability helped put many foreign investors to work and access to investment opportunities available in the County.
link
More articles with links .. read article .. No need for your personal information which is used for further solicitation :) from Twilight News ... free link translated save to favorites, kel
In favor of opening DBX: Kurdistan out of economic and investment and a gateway for all of Iraq* article below ~ Economy discussed the parliamentary law of the infrastructure**Businessmen from United Arab Emirates: Kurdistan provides exceptionally distinctive investment opportunities November 28, 2011Economy Discussed the Parliamentary Law of the Infrastructure
Committee revealed the economy and invest in the House of Representatives, for the law of the infrastructure has been discussed over the past few days in the presence of members of the committees of construction and financial services, explaining that the legislation of this law prepares the ground for the entry of investment companies to Iraq.
A member of the Committee of Economy and Investment parliamentary Salman al-Musawi’s “Twilight News” that the economic and investment commission discussed the draft law on infrastructure with the participation of the committees of construction and financial services under the auspices of the Vice President of the Council Qusai al-Suhail, “adding that” the amount of monitoring the application of this law, an estimated $37 billion. “
The House defeated a bill of the former Iraqi infrastructure made by the government at that time, the law requires the granting of investment companies large infrastructure projects worth $70 billion in a postpaid when many of the industrialized world, including major financial crisis.
However, the bill requires new infrastructure to the implementation of foreign companies, especially Korean, including infrastructure projects, such as schools, hospitals, water projects, in a payment on credit by $35 billion.
Musawi said, “lies the importance of this law in the legislation configured to ground the necessary infrastructure needed Alajnah investment companies that desire to invest in Iraq.”
Iraq has suffered from dilapidated infrastructure sectors in the overall result of long years of siege and war during the last two decades of the last century.
Despite the passage of eight years to topple the former Iraqi regime, the Iraqi government could not provide basic public services for citizens, which are often protesting the lack of it. link
Monday 12/12/2011
Araji: U.S. companies shall give comfort to reduce administrative red tape
