INVESTMENT AUTHORITY TO DO THE ELECTRONIC CIRCUIT

[OKLAHOMA]

Investment Authority to do the electronic circuit to connect with investment firmsPosted: November 17, 2010 by Justhopin in Iraqi Dinar/Politics

Tags: Iraq, kurdistan, Business, investing, Memorandum of understanding, Electronic circuit, Electronics, Light 0The National Investment Commission, Wednesday, for expanding the deal through the electronic circuit with international and local companies, pointing out that Iraq would be the first country in the volume of national investment in the event was to pass obstacles.

The head of the Sami al-Araji of the Kurdistan News Agency (Rn) “The Investment Authority is trying to expand the circle of dealing with domestic and foreign companies through the electronic circuit is supervised by the specialized technical committees and has a prominent role in the body,” explaining that “the Authority prefers to deal-mail and view the investment projects of companies foreign and local communities across the electronic circuit. “

He pointed out that “the electronic circuit is a gateway for investment projects is that the contract and details of the projects are made after the initial understandings between the Board and investment companies.”

Araji and that “Iraq’s future economic depends on the size of investment projects and the success of the investment value in the country during the next few years,” adding that “Iraq will be the first country in the volume of national investment in the event were overcome obstacles that affect the reality of investment and raise further concerns about the large investment companies. “

Announced that the national investment in earlier that the obstacle to attracting investment companies ownership of the land and the failure to protect the money of the investors.

And signed the national investment, at the end of last month, a Memorandum of Understanding with government banks to protect the funds of investment companies, which is building housing complexes, and called for the consolidation of central decision on investment projects for the advancement of the reality of the projects.

The Commission approved in 2006 a new law to invest in Iraq, according to the law is responsible for all strategic investment projects of a federal nature exclusively, while the regional and provincial bodies responsible for investment planning and granting investment licenses in their areas.

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