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Parliamentary economy calls to make an investment wealth "comparable" Oil and Investment


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Side of the press conference which was held in Baghdad Mall area Harithiya west of Baghdad

 

Author: MJM 
Editor: BK, BS 3/29/2015 22:43 Number of Views: 172 

 

Long-Presse / Baghdad

Committee called on the economy and parliamentary investment, on Sunday, to support investment and securing the appropriate atmosphere to him as "wealth comparable to the" oil, and demanded that Baghdad Secretariat investment in the environment, while confirmed Baghdad Investment Authority, the government began worthwhile investing in earnest after it had been "turning a blind eye" with him possession of money as a result of "huge" previously, showed that investment projects can provide one million jobs in the capital.

The head of the committee, Jawad al-Bolani, during a press conference held at the "Baghdad Mall" under construction, in the Harthiya district, west of the capital, "The Committee strongly supports the Municipality of Baghdad and the Investment Commission of Baghdad," returned to "the private sector is part of the national capital and must be supported and for awarding me. "

He urged al-Bolani, the concerned authorities to "support investment and securing the appropriate atmosphere to him being a can of oil as wealth comparable to the second of the country," calling "the secretariat of Baghdad to invest in the environment to return Iraqi safe, stable and clean cities."

For his part, President of the Investment Commission of Baghdad, Shaker Zamili, in an interview to the (long-Presse), and a number of media, said that "the state began supporting investment projects about my grandfather, after the close appointed him as a result of possessing large amounts of money."

He Zamili, that "Baghdad is currently witnessing the implementation of more than 300 investment project cost up to 14 billion and $ 500 million," stressing that "the security of 30 thousand jobs, can be lifted to a million if the rest of the projects carried out."

The Chairman of the Investment Commission of Baghdad, for "optimism the Secretary of Baghdad, the current, the anniversary Alloush, which expressed serious real in directing investment capital in the right direction," revealing "the existence of a special Baghdad investment map in coordination with the relevant ministries, including planning, meet their need in housing, health and education sectors and tourism and leisure and others. "

The Baghdad Investment Authority announced (March 16, 2015) for the formation of a higher committee for investment projects to follow up late, and as pointed out there are 130 ongoing projects in the capital now, banks have criticized the "lack of funding".

Authority revealed in (March 18, 2015) for the provision of completed investment projects in the capital during the past few years to about 30 000 jobs.

The Investment Authority, Baghdad was awarded in 2014, the last .295 leave total amount reached nearly $ 14 billion, for a variety of projects and distributed to residential and industrial, commercial and tourism sectors.

Referred to the House of Representatives passed in October of 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 of 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 Iraqi investors and foreign investment in each of privileges, with the exception of real estate ownership, as can the foreign investor of the lease the land for 50 years, subject to renewal, according to paragraph 11 of the Investment Law.

 

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