Cabinet authorizes Investment Authority power to sign the Convention on the Settlement of Investment Disputes

[yota691]

Cabinet authorizes Investment Authority power to sign the Convention on the Settlement of Investment Disputes

History of edits:: 01.04.2015 15:52 • 19 visits readable

{Baghdad: Euphrates News} Council of Ministers agreed to authorize the President of the National Authority for Investment Agency Sami al-Araji, the validity of the signature on the Settlement of Investment between the states and the citizens of other countries, conflicts agreement, according to the provisions of Article 80 / item VI of the Constitution.
 

A statement by the General Secretariat of the Council of Ministers in a statement received {Euphrates News} a copy of it, that "the Council of Ministers agreed to the Foreign Ministry to prepare a document authorization required on behalf of the Government of the Republic of Iraq to the Chairman of the National Investment Agency, Sami al-Araji, according to the contexts approved, and submitted to the General Secretariat of the Council of Ministers in order to obtain the signature of the Prime Minister. " Ended h

 

[captl1]

Yota keep it going!

[yota691]

From Iraq Investment Authority PDF....

2.4.5 National Wealth

In the long term, Iraq will be one of the wealthiest countries

in the world. Its 115 billion barrels of proven oil reserves

place it second in the world behind Saudi Arabia. Some

estimates say that current proved reserves could nearly

double. In a world of approaching peak oil demand, these

reserves have great strategic significance. It is perhaps the

only major oil producer that will continue to be able to

increase production when demand starts to rise again. 

 

Welcome

Dear Investors:
Welcome to Iraq
We have embarked on a mission of rebuilding Iraq by attracting Iraqi, Arab, and foreign capital investment. Such investment will contribute to the transfer of knowledge and technology in all Iraqi economic sectors currently being transformed from centralized economy to a market economy based on free competition, equal opportunity and the development of the private sector. The years 2013 – 2014 had witnessed receiving many official delegations, businessmen and international companies and holding various forums with signing several agreements that facilitate the smooth entrance of investors into Iraq and guaranty them lots of privileges as protection and investment encouragement agreements signed between Iraq and Kuwait 16.12.13, Iraq and Jordan 25.12.13, Iraq and Belarus 23.08.13:

– The One Stop Shop in the National and Provincial Investment Commissions which facilitate the processing of the investment licenses applications, issuing the license, allocating the land, securing tax exemptions, and facilitating the entry and exit of investors and their employees.

– Providing potential investors with the updated Investment Map for 2014 which lists the investment opportunities with a geographic description at the different provinces as well as a product and service sectoral description.

– The Investor Guide, which provides the necessary information to facilitate entry and exit procedures to and from Iraq and how to enjoy the many benefits of the investment law, in addition to explaining the investment environment and the procedures followed in registering companies to work in Iraq.

– Amendment of Investment Law 13 of 2006 which guarantees the ownership of land by local, Arab and foreign investors for housing projects based on law No. 2 of 2010 and the amendment of the Statute (7) which organizes the lease rates for lands invested in the various fields.

We are happy to address any questions, concerns, or suggestions you may have. Please email us or visit our headquarters in Baghdad. We are committed to providing all necessary services to achieve a mutually beneficial relationship.

Dr. Sami Al Araji
Chairman
National Investment Commission

Baghdad- Iraq

[Ms.Bean]

I love it when they talk about bringin in foreign investments.

[sandfly]

THANKS