February 17, 2010
Economic: Al-Dabbagh: financial and banking sectors are required to secure an attractive environment for investment
Baghdad, Hussein Tgb
Dr. Ali Dabbagh, spokesman of the Iraqi government the need to create an investment environment that actively ending a plague that left more local and foreign investors.
Dabbagh said in an interview with the economic Sabah: to activate the investment law and the amendments approved by the Cabinet to the fact we need a new investment compatible with the next stage because the investment environment currently available do not serve the majority of global investors at a time when the government work for the issuance of multiple changes in the investment law, but this work needs to activate the rings associated with the law in order to reach an environment suited to the realities of investment and encourage investors to come to Iraq and the implementation of projects in all sectors amid favorable climate.
The reality of most of the sectors associated with the operation of investment needed to modernize and develop and commensurate with the countries of the developed world, noting that the sectors of banking, insurance and commercial arbitration mechanisms needed to serve new and evolving global companies and local investors, pointing out that the private sector to the day in a state of left, hoping to develop the construction industry, which is an important industry and affects a large segment of our society as it helps to contain a wide range of hands idle because the country is in need of housing projects in all governorates, which makes it imperative for institutions to work towards the revitalization of this sector and to provide possible support for its activation.
Meanwhile, Head of National Authority for Investment Sami Araji: There is a great desire by companies and investors to venture into the investment process within the country now more than ever, and we felt this through seminars and indicators as well as communication through mutual visits.
He continued: The investment process is not affected by the election, because this economy, and often imposes conditions on the economic policy despite the existence of the impact of policy on the economy but the impact of the economy over politics more.
He said there are still a major problem in the diversification of the investment committees where there is a national investment as well as by investment in the provinces and the provincial councils as well as the investment in the various state bodies are investing all of these ramifications may be a reason not to apply paragraphs of the investment correctly.
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