Committee on Economics reveals a mechanism for the operation of 18 million Iraqis
SATURDAY, 28 JANUARY 2012
Commission asked for the economy and investment representative, Saturday, granting full powers of investment authorities in the provinces, while confirming that the issue of ownership of the land of the most important problems facing the working bodies of the provinces, pointed out that granting full powers will ensure the operation of nearly 18 million of workforce Iraqi.
The National Commission for Investment has been directed, at the beginning of this month, the heads of investment authorities in the provinces to speed up the inventory and the inventory of land for investment candidates and classified to prepare them for a project to build one million housing units by the share of each province.
The Member of the economy and investment representative Nahida Daini in an interview with “Twilight News” that “the work of bodies of the investment in the provinces without the level of ambition as a result of overlapping of powers between them and the ministries and government departments and institutions, which is one of the Akpralamauqat and obstacles facing the work of offices.”
The Daini that “the other problems facing the work of these bodies is to obtain land of the ministries, in some cases continue reviews to get a piece of land a year, may be granted or not,” usually “Iraq is a hindrance, and repellent for investment and investors of the many obstacles in it with the exception of the Kurdistan Region. “
The Member of the economy and investment that “there is a need to promote the work of banks that the banks that are currently not have the means required to provide the amounts needed by the investing companies”, calling for “the need to link the bodies of the provincial Ministry of Finance as the only party recognized by the international banks.”
Daini and demanded to “give full power of the investment bodies in the provinces to overcome the difficulties,” pointing out that “the grant of such powers to ensure operation of 18 million people of manpower in the country.”
And initiated in 2006 a new law to invest in Iraq, according to the law is the body responsible for all 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 regions and conducted by the parliament extensive changes at the end of 2009.
Article (10) Iraqi investment law that the investor has “regardless of nationality, all the privileges and facilities, guarantees and is subject to the obligations contained in this Act and for the investor, the Iraqi and foreign for the purposes of housing projects the right to keep the land in return for set between him and the owner of the land without the speculative land in accordance with guidelines established by the National for investment and with the consent of the Council of Ministers, and facilitate the allocation of land for housing projects and ownership of housing units to the Iraqis after the completion of the project. “
