View Full Version : economy plans to enact a law to invest based on the principle of decentralization

03-26-2015, 11:09 AM
Parliamentary economy plans to enact a law to invest based on the principle of decentralization

BAGHDAD / Amer Mohi

Committee economy parliamentary revealed that the Iraqi parliament is legislation law that guarantees the principle of decentralization in investment, while pointed out that the new law provides for the provinces a great deal of freedom in the contracts, the Board of Baghdad confirmed that the austerity and the lack of legislation led to the cessation of work in a number of projects and the reluctance of some them.[/ltr]

The Commission said the economy and investment parliamentary Najeebeh by Najib in an interview for the "long" that "the investment law on his way to the second reading, but this law does not meet the ambitious economic committee so we asked to change it," indicating that "the Committee in connection with new legislation focused on three axes important, because the law that we received from the Council of Ministers does not meet the ambitious ".
She said Najib saying that "the new investment law will focus on the principle of decentralization, to provide the greatest degree of freedom to the provinces in the contract with the investment companies away from the red tape that usually stop projects, and the second paragraph will approve financing for investment projects," asserting that the committee would like to "provide the most appropriate way to invest in order to strengthen the Iraqi economy. "

She member of the Kurdistan Alliance that "the third paragraph, which is considered the most important in the investment law are the dimensions of the investment projects for administrative corruption according to paragraphs clear and insist committee approval on the economy in the new law."
For his part, said the Baghdad Provincial Council member Fadel Shuwaili in an interview for the "long", that "the province halted all of its projects for the current year because of the austerity budget," referring to "keep on the implementation of previous projects to complete them."
Shuwaili added that "austerity in the budget and the lack of investment law has led to the reluctance to work on projects planned in the past," stressing that "the decline in the proportion of specific budget halted preservation projects."

He added that "to maintain the process of contracting with a lot of investment companies in Baghdad, as well as reliance on the private sector to compensate for the weakness of the budget of the province," noting that "the budget allocated to the capital of 250 billion to go, including the Secretariat, in addition to the provincial council, county and therefore it weakens the projects." .

He stressed the Presidency of the Council of Representatives member Hamoudi (February 8, 2015) thatthe House of Representatives is determined to issue a discreet investment law to achieve development goals and meet the aspirations of investors, aims to contribute to the improvement of the investment environment in the country.

The search Hamoudi during a meeting with a group of Iraqi and Arab investors who participated in the first international conference organized by the Committee on the economy and investment representative, the most important obstacles facing the movement of investment, as well as ways to develop this sector, where he listened to all the proposals made by investors.

He discussed a member of the Presidium of the House of Representatives during the meeting, some amendments to the investment law, and the importance of passing a law pushing the wheel of development in the country forward and overcome the odds against those invested.
He urged members of the Presidency, "investors need to expand their investments in Iraq as it contains great opportunities, vowing to overcome the obstacles that stand in front of all the projects that will achieve the goals of development and economic advancement of the country," adding that "the House of Representatives will take his role in the laws that aim legislation to serve the Iraqi citizen. "

He announced to the economic and investment commission parliamentary member Ahmed Salim (January 28, 2015) for his commission agreement with Prime Minister Haider al-Abadi, the legislation of new laws for investment and the private sector.

Salim said in a press statement. "The decision by Prime Minister Haider al-Abadi said in Davos for the determination of Iraq to take, is to serve the enactment of new laws and investors, in particular the private sector."

He said "we have agreed with Abadi before traveling on the need for legislation of new laws appropriate to the atmosphere of the investors in order to encourage them to enter the Iraqi market," adding that "the investment opportunities offered by Iraq of the States, which is the industrial sector, and residential and commercial, and tourism, and other fields, In addition to the sectors that the investor asked to work out. "
He said, "What concerns us is the investor, so he would not find it difficult to invest if. What came to Iraq."

He was adviser to Prime Minister Haider al-Abadi Economic Affairs appearance of Mohammed Saleh, revealed near the release of important economic laws contribute to the recovery of the Iraqi market and investment opportunities.

Saleh said in a press statement that "a forthcoming law for cities and industrial industry mixed, and this is very important, and there is a law is for private sector investment, encourage and create Association and strong bond between the private and state sector to stimulate the movement of the market and end the separation existing between them", adding that "there is a tendency toward a market economy is that which activates development and not speculators and Ctkarion, there are politicians heading for the development of the market. "