Baghdad, October 19 / October (Rn) – The Ministry of Planning and Development Cooperation of Iraq on Wednesday, that the number of investment projects carried out in 2011 reached 144 projects on the housing sector accounted for the largest proportion of them.
He said the ministry spokesman Abdul Zahra al-Hindawi told the Kurdish news agency (Rn) that “the number of investment projects implemented in 2011 amounted to 144 projects, most projects that serve the infrastructure of buildings, schools and essential services.”
“The 50 projects from projects included the building sector and 51 projects for the construction of novel projects of Education, schools and districts, and seven projects in the agricultural sector, and 36 projects in the industrial sector.”
Hindawi pointed out that “the number of investment projects that is currently being completed 2,300 projects were awarded in previous years, most of them.”
According to the Investment Authority of Iraq, it was granted investment licenses worth $ 24 billion in more than two years.
Iraq seeks to attract investment companies to the country to contribute to the reconstruction of the country that suffered from neglect and vandalism throughout the long years of siege and war.
But these efforts collide with reality turbulent security and the spread of corruption, which raises fears of investment companies from entering the Iraqi market.
And formed the National Commission for Investment in 2007 after the new law to invest in Iraq, which grant privileges to investors, including Tmenm land held by the projects in order to encourage them to enter the country.
The Authority is responsible for all strategic investment projects of a federal nature exclusively, while the bodies of the regions and provinces are responsible for investment planning and granting investment licenses in their areas.